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Home»Business»How to Build a Cybersecurity Compliance Plan
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How to Build a Cybersecurity Compliance Plan

Jayson RonaldBy Jayson RonaldMay 13, 2022No Comments3 Mins Read
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One of the most critical aspects companies must remain compliant with is cybersecurity. Unfortunately, data breaches are inevitable, happening to any organization. When a cyber threat occurs, it’s quite difficult for employees to access the tools required to perform their jobs, negatively impacting your company’s revenue and reputation.

That’s why it’s crucial to conduct compliance training for employees on cybersecurity for all employees to play a part in managing the risks. This calls for creating a cybersecurity compliance plan that works for your company and workers.

Here are some tips and steps to follow.

  1. Create a Team

It’s essential to have a compliance team to assess and monitor cybersecurity. They will also be the ones to perform compliance training in-person and from platforms like True Office Learning.

Note that as organizations continue moving critical business operations to the cloud, cybersecurity won’t exist in vacuums. That’s why you must create an interdepartmental workflow, making that known across your organizations and IT departments.

  1. Enable Risk Analysis

By enabling risk analysis, your business becomes more compliant in cybersecurity as it has a risk-based approach. Risk analysis works like this:

Identify your information assets, systems, networks, and data access

Assess risk levels of every data type by determining where the high-risk information is stored, transmitted, and collected. Rate risks of such locations.

Analyze risks by using appropriate formulas

Set the company’s risk tolerance, determining whether to accept, refuse, transfer, or mitigate risks

  1. Select a Framework

Select a framework after understanding the risk profile. You will need to consider the scope of coverage, details, taxonomy, and industry-specific terminology. Your framework is a benchmark, but whatever framework you’ll use will depend on the business environment.

  1. Set Controls

When setting up risk analysis, you must set up controls to maintain it, ensuring your organization complies with cyber security. Based on the risk tolerance, determine how to transfer or mitigate risks. The controls can include firewalls, password policies, encryption, insurance, and employee training.

  1. Set Up and Update Your Policies and Procedures

When setting up policies, you ensure that policies implemented comply with cybersecurity. The policies document the compliance activities and controls, serving as a foundation for necessary audits.

Besides that, you must keep those policies and procedures updated. When creating a risk assessment plan, the compliance team can adjust policies and procedures, even coming up with new ones.

  1. Monitor, Monitor, Monitor

Cyber threats continue evolving, so your compliance requirements should follow suit. Cybercriminals always look for new ways to steal data through existing strategies instead of finding new vulnerabilities. For instance, they would combine two ransomware and create a whole new one.

You must stay on top of those cyber threats and be steps ahead of these criminals. That’s why you shouldn’t only monitor and detect new threats; you must also respond to them before they turn into data breaches.

Wrapping It Up

Cybersecurity is a massive concern that organizations need to focus on. Use these tips above to prevent huge threats that can risk your organization.

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Jayson Ronald
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