Following the rules and meeting standards
One cannot talk about IT Security without Compliance management. In today’s data-driven world, IT security management is a mandatory activity for safeguarding privacy, integrity and confidentiality. Especially in the business and corporate context, whenever we lack of proper security measures, data breaches can occur and result in significant financial and sales losses. There can be a massive impact on a company as this can involve client information, personal data and strategic/industrial information of the corporate activities itself. In response, governments and regulatory agencies have put in place several security regulations to help companies improve their information security.
Why Companies Need Compliance
It is highly advised to maintain compliance with at least one IT security regulation. Not only are many of these regulations mandatory, but they also greatly benefit companies:
- Improve Security: IT security regulations improve corporate security measures by setting baseline requirements. This baseline keeps business data-security levels relatively consistent within respective industries.
- Minimize Losses: Improved security, in turn, prevents breaches, which are costly to businesses. Many companies end up losing millions in sales, repair costs and legal fees, all of which can be avoided with the right preventive measures.
- Increase Control: Improved security goes hand-in-hand with increased control. Prevent employee mistakes and insider theft with heightened credentialing systems while keeping an eye on outside threats.
- Maintain Trust: Customers trust businesses with their information. Honor that trust with improved security systems that keep their information safe.
2 Common IT Security Compliance Regulations
- GDPR: The General Data Protection Regulation, or GDPR, aims to protect citizens in the European Union (EU) from data breaches. The GDPR applies to all companies processing personal data for people residing in the EU, even if that company is not physically located or based in the EU.
- PCI-DSS: The Payment Card Industry Data Security Standard is a set of regulations meant to help reduce fraud, primarily through protecting customer credit card information. PCI-DSS security and compliance is required for all companies handling credit card information.
Determining which regulations apply to your business can be difficult. Even more difficult is maintaining them all. This is why we designed specific service offering to help your organisation to implement compliance and maintain a compliance management process.