For many government, healthcare, and financial contractors, the topic of cybersecurity seems intimidating and complex.
Apart from federal regulations, organizations processing confidential data like social security numbers, credit card numbers, driver license numbers, and the like need to adhere to many essential practices to safeguard this information.
The various regulations and rules cannot be understood very easily. Besides, they are also subject to frequent changes.
It’s wise to look into a cybersecurity company that offers a complete combination of software and on-site security evaluation and auditing services. It thus aids companies to attain the zenith of security compliance.
Many organizations unconsciously or consciously adopt an “it will be resolved if it becomes a problem” philosophy. But in industries that have stringent regulations, a formal audit can lead to many costly remedies. Here’s what you should know about cybersecurity compliance.
What is Cybersecurity Compliance
Compliance means following a set of rules and meeting requirements. In cybersecurity, it means developing a program that sets up risk-based controls to safeguard confidentiality, integrity, and information accessibility.
Cybersecurity compliance is not according to a standalone standard. According to industries, various standards can overlap. It then creates confusion and extra work for various organizations.
The healthcare industry should meet the Health Insurance Portability and Accountability Act (HIPAA) requirements.
However, if a provider accepts payment via a point-of-service device, it should fulfill the Payment Card Industry Data Security Standard or PCI DSS needs. Organizations that cater to customers in the European Union should comply with the European Union General Data Protection Regulation or GDPR.
What Kind of Data Should Be Cybersecurity Compliant?
Data protection and cybersecurity regulations are focused on safeguarding confidential data, like protected health information, personally identifiable information, and financial information. Individually identifiable information comprises any data that identifies a person uniquely. It includes:
- The birth date of a person
- Their first and last name
- Residential address
- Social security number
- The maiden name of someone’s mother.
Protected health information comprises data that can be utilized to identify the health history of a person. It includes:
- Admission records
- Insurance records
- Medical history
- Records of prescription
- Data regarding medical appointments.
Financial information comprises data about credit card numbers, payment methods, and related data that can be utilized to get hold of the financial resources or individual identity. This information includes:
- Credit and debit card numbers
- Social security numbers
- Bank account numbers
- History of credit
What’s the Requirement for Continuous Documentation for Continuous Assurance?
Security implies the protection of information. Compliance means the documentation of the act of securing your data. Although you might be safeguarding your systems and software, it’s not possible to make control effectiveness evident without documentation.
Documenting the continuous monitoring activities gives the auditors the data critical to proving governance. The documentation process also streamlines conversations with the Board of Directors, and they can review the cybersecurity hazards more effectively.
Since compliance requirements emphasize board governance over monitoring and remediation in a manner that is easily digestible, it facilitates the organization to fulfill the compliance needs.
What’s the Need for a Sole Source of Information?
Maintaining shared documents can cause various compliance risks. It’s because of the number of stakeholders engaged in activities related to cybersecurity compliance.
It’s possible to update shared documents without the knowledge of their owner. Many people can make duplicates which can cause numerous versions and thus lead to the absence of visibility.
A single source of information facilitates every stakeholder to monitor and review compliance activities and maintain compliance data integrity. To address all security pain points, it’s essential to work with a cybersecurity company with sophisticated security automation tools.
The tools facilitate Data Discovery and Risk Assessment and thus address all security pain points. These tools automate critical and time-consuming security jobs with significant accuracy.