In the last quarter of 2021, the number of attempted cyberattacks increased to 925 per week per company, a record. That’s a 50% increase from 2020.
Anything that a corporation undertakes to safeguard its assets and comply with security and compliance standards and laws is considered security compliance.
We discuss security and compliance in this post. Below, we’ll look at how these two initiatives work together to develop a strong security plan.
What exactly is computer security?
Actions taken to safeguard a company’s customers and assets are known as information technology (IT) security. Safety and self-preservation are primary concerns, not compliance with legal or contractual obligations to a third party.
IT security programs look for:
• Prevent attacks on your organization’s data, physical assets and digital infrastructure;
• React to security incidents quickly to minimize the damage caused.
It is essential to remember that security is an ongoing effort.
While security measures are constantly being improved, hackers are also getting more skilled. Regular monitoring and updating is required for a commitment to security.
Before we continue, let’s define how IT security relates to words that are often used as synonyms.
IT Security vs Cybersecurity
IT security, in its broadest sense, refers to the measures used to safeguard an enterprise’s electronic systems and network endpoints, particularly mobile devices and laptop computers, and the information they contain. All issues with digital and physical security, such as malicious cyber-attacks, improper system configurations, hardware malfunctions, and unsecured server regions, are covered by IT security. In addition, it involves duties such as risk management, security education, and ongoing monitoring that help protect information systems and data from illegal access.
IT security includes cybersecurity as a subset. It refers only to the measures used to protect digital attacks against computer networks, applications and the information they contain.
IT Security vs. Information Security
Computer security also includes information security (InfoSec). Information security (InfoSec) is primarily focused on data protection and privacy, unlike IT security, which also includes protection of systems, networks, physical data centers, cloud services, and others. organization assets. Describes the measures used to safeguard the privacy, accuracy, and accessibility of sensitive corporate data in all formats, including print and electronic.
Your organization’s assets can be kept safe by implementing proper IT security procedures, such as cybersecurity and InfoSec practices, but this is only one element of a holistic security plan. Let’s examine the second part in more detail below.
What really is IT compliance?
Information technology (IT) compliance describes the security measures that a company implements to placate a third party, such as the government, the business community, the certifying body, or customers.
You will incur penalties if you violate the required frameworks and rules. Many organizations put all other priorities on hold to prepare for audits, as this often results in costly fines.
IT Security vs. IT Compliance
Security is not the same as Compliance. Even if a business complies with all applicable laws and industry standards, it may still be at risk of cyberattacks.
There are many distinctions between security and compliance, but there are several areas where IT compliance and IT security intersect and have shared goals. We’ll see.
Several of their common points are the following:
- Both reduce risk: Compliance offers the basic security precautions required by your business or the government. The chance of getting hacked is further reduced by security awareness, which closes any remaining security vulnerabilities.
- Both improve reputation: Both customers and providers expect companies to protect customer data. Compliance certifications and strong security practices indicate that your company will take care of its stakeholders when they are used together.
- Also apply to third parties: Most security frameworks require Compliance from both the company and its suppliers. Likewise, security measures are not implemented simply to safeguard the company as a whole. Partners are also protected.
However, IT security and IT compliance are different concepts.
Let’s see some of their main differences:
• Compliance: A third regulator enforces strict compliance with a certain set of rules. An organization often practices security for its own benefit.
• Primary Motivation: Avoiding sanctions is the primary driver of compliance activities. Nobody likes getting a big ticket. To safeguard the valuable assets of a company, security measures are implemented. Information, finances, and copyrighted material are included.
• Compliance is mostly stagnant in terms of evolution. While updates to the frameworks are made, they don’t happen on a daily basis as new dangers materialize. Rather, security measures are adjusted to reflect the development of threats.
How do compliance and security work together?
The main lesson is that compliance and security are opposite sides of the same coin.
Although a third party requires compliance, it provides a useful security function by giving an organization a standard to protect it from online attacks.
Coding of security procedures can help locate and repair weaknesses in current security measures. Gaining Compliance also sends a message to consumers that you are a trusted partner who will protect their data.
However, compliance often only satisfies the minimum security requirements of an industry.
You must implement additional security measures if you want to have any real faith in a security program. Each company must safeguard a particular collection of assets and risks. But when you build your own software, there are several proven methods to consider.
Which security compliance frameworks are best for your organization?
The first step in ensuring that your company implements the appropriate security safeguards and controls to effectively protect and benefit your business is to understand the appropriate security framework for your organization. However, due to the deluge of technical language, complex standards, and changing laws of each security framework, understanding them can be difficult. Here are three crucial security frameworks and a quick overview of each to get you started:
Service organization control reports are known as SOC reports. In particular, a SOC 2 report provides a comprehensive assessment of a company’s security controls, procedures, and operational performance. It is governed by the Five Principles of Trust and allows companies to highlight their top-notch security measures, fostering loyalty and trust among customers and other companies.
To learn more about SOC 2 compliance, download our SOC 2 Bible.
Security management of vital information is mandated by the global security standard ISO 27001. A robust Information Security Management System (ISMS) can be created, managed and implemented within an enterprise using the framework.
Download the ISO 27001 Bible here for additional information on ISO 27001
A federal law known as HIPAA requires certain institutions to adhere to rules and regulations about how they receive, maintain, and share protected health information (PHI).
What makes security compliance crucial?
A business can gain a number of benefits from security compliance. Let’s examine five of these benefits.
Avoid Fines and Sanctions
No matter where you are or what business you are in, you need to find out which compliance rules are relevant to your business.
There are rules you must follow if you collect customer data, including credit card data, website cookies, and personally identifiable information.
You can stay out of trouble by implementing a comprehensive security compliance policy.
security breach prevention
Your information is valuable. Healthcare and banking are two sectors that handle extremely sensitive data and are therefore more exposed.
Of course, companies in any industry are vulnerable to costly attacks. Investing in risk management for your suppliers is a wise safeguard.
Strong compliance and security controls can prevent them from targeting your business.
The damage that a significant security breach can cause to a company’s reputation is well known.
When information can travel the world in a couple of moments, security compliance must be taken seriously to keep customers and consumers on board.
Extensive data management procedures
In accordance with GDPR, the ICO can contact your company and request information about the precise location of a user’s data. If you don’t comply, you could face heavy fines or other serious legal repercussions.
This push, however, is more of a “stick” than a “carrot” strategy, promoting excellent data management techniques.
You need to monitor all user data if you want to comply with the law and avoid being fined. Improved technologies and better data organization techniques will probably be needed for this.
While it may seem cumbersome at first, improving these procedures will help you streamline your operations. The improved user data structure can potentially reveal new marketing opportunities.
Positive relationships, both internal and external
Both employees and external parties are drawn to organizations that are committed to all facets of security.
There are two significant advantages to going beyond legal compliance and having security as a fundamental component of your corporate identity. It conveys that you appreciate honesty and respect your customers.
This will make it easier for you to form alliances with companies that share your value for security, reducing your risk and putting you in good company overall.
How to adhere to excellent security practices?
The need for security compliance is obvious, but how do you do it correctly? Here we discuss nine best practices that can help you improve your IT security operation.
- Perform a security audit internally
- Build an interdepartmental compliance strategy.
- Constantly monitor;
- Use of audit logs
- Configure systems with the least amount of privileges and functionality possible
- Separate tasks from system operations
- Regularly update all company software.
- Implement a good risk management strategy.
- Make use of automated and intelligent tools.
Practicing security compliance can be time consuming and demanding without the help of specialists. Implementing legal frameworks and other protection mechanisms takes a long time. To ensure long-term security, previous initiatives must also be continually reviewed.