No business today is 100 percent secure from cyberthreats and more businesses are waking up to this reality now than ever before. It’s no wonder cybersecurity investment in 2020 is pegged to grow by 5.6 percent to reach nearly $43.1 billion in value.1 With cyberattacks surging due to widespread remote work and increased online interactionsContinue reading “Making Ongoing Risk Management an Operational Standard”
Tag Archives: Compliance
First Step to Compliance: A Thorough and Accurate Risk Assessment
Complying with data privacy and protection regulations wouldn’t give several business owners sleepless nights if it only meant installing a predefined list of security solutions. Compliance goes way beyond this and for good reason. In principle, regulators, local or international, want businesses to: assess the type of data they store and manage gauge theContinue reading “First Step to Compliance: A Thorough and Accurate Risk Assessment”
Fines, Penalties and Violations! Oh My!
Global data protection regulations (new or updated) are being enforced aggressively, resulting in a tsunami of hefty fines and penalties handed out to violators. The majority of these violations are a result of the failure to conduct regular risk assessments, which form an integral part of the ‘appropriate measures’ a business must take toContinue reading “Fines, Penalties and Violations! Oh My!”
Data Protection Regulations: The ‘New Normal’ For All Businesses
In today’s global information economy, your business data is the golden goose chased by cybercriminals. Given how this data has an endless life, who can ensure that it isn’t exploited for unsavory gains? Well, governments worldwide have stepped up to the plate. The implementation of General Data Protection Regulation (GDPR) in 2018 by the EuropeanContinue reading “Data Protection Regulations: The ‘New Normal’ For All Businesses”
Data Privacy Versus Data Security: A Closer Look
The importance of data privacy and data security has grown exponentially as organizations today collect and store more information than ever before. Having a robust data protection strategy is critical to safeguard confidential information and to ensure smooth functioning of your business. But before we move on, let’s take a step back to understandContinue reading “Data Privacy Versus Data Security: A Closer Look”
Ransomware Equals a Data Breach
From a data regulator’s perspective, it is the responsibility of your business to keep data safe from cyber threats, inform clients about a breach within a stipulated period and provide necessary documentation as proof of your efforts. Although different regulations have laid down different mandates for breach notifications, the principle remains intact. While there isContinue reading “Ransomware Equals a Data Breach”
How to Ensure Compliance When Working Remotely
The ongoing COVID-19 pandemic has presented businesses across the world with many unique challenges when it comes to their day-to-day operations. With every business trying its best to survive in this unprecedented climate, remote working has become a critical factor in keeping operations up and running. However, this adaptation has exposed businesses to aContinue reading “How to Ensure Compliance When Working Remotely”