There are so many reasons why cybersecurity one of the best compliance strategies businesses practice, It’s like the backbone of any business. Learn more here.
Cybersecurity is likely to be top of mind for IT professionals and business owners. Every day, there are instances of cyberattacks on just about every type of organization.
Whether you’re a small business or a large corporation, you need to stay on top of cybersecurity issues. That’s especially true if your company needs to comply with data privacy regulations. An exposed network can lead to noncompliance, which could result in big fines.
Read on to learn why cybersecurity is among the best compliance strategies.
- You Understand Your Business Risks
By making cybersecurity central to your compliance strategy, you are forced to focus on where your network is vulnerable.
You’ll start off with a full audit of your network, which will expose holes in your systems. For example, you may find that you have an employee that mistakenly mishandles data.
You and your team can then work to remedy those IT compliance issues.
- Protect Your Business Reputation
Anytime there’s a security breach, you have to notify your customers and vendors that their data was exposed. That’s a big part of regulatory compliance.
Once your customers receive that information, they will find it very difficult to trust your organization. They are likely to choose to take their services elsewhere.
- Employees Understand the Risks
You’ve done your work and identified and fixed vulnerabilities in your network. Then one of your employees clicks on an email and takes your whole network down.
It happens more than you think. Your employees are a major security risk to your business.
When you make cybersecurity part of your compliance strategies, you make sure that your employees are trained. They’ll understand the risks and think twice about clicking on suspicious emails.
- Regulations Always Change
Cybersecurity at the forefront of your compliance strategy ensures that your business is prepared for changes in regulations.
There’s not one central law for data privacy. There are dozens of laws that may or may not impact your industry. Some of them are older laws, like HIPAA, which dates back to 1996. Financial regulations from the Sarbanes-Oxley Act were first passed in 2002.
You can bet that politicians will be slow to react to changes. You can also bet that changes are coming at the state, federal, and international level.
You’re able to stay ahead of the curve by putting cybersecurity first.
- The Financial Costs Are Too Great to Ignore
A large majority of companies that have a data breach go under in about six months.
Falling out of compliance means major fines that you may not be able to afford. Don’t allow that to happen. Put data protection first by focusing on cybersecurity.
Cybersecurity Is at the Core of Compliance Strategies
You’ve worked hard to build up your business and your business reputation. You don’t want to lose all of that hard work because your business fell out of compliance with data regulatory authorities.
That will result in fines and a major hit to your reputation. Making cybersecurity the center point of your compliance strategies ensures that you know what your risks are. You’re able to work to plug up any vulnerabilities before they become major issues.
Your company stays in compliance and your customers can trust that their data is safe.
Ready for more computing articles? Head over to our News section for the latest in hardware and technology news.