Aligning your organization’s Zero Risk strategies with established cybersecurity and regulatory compliance frameworks is a necessity. The goal is to create a robust security posture that not only protects your assets but also ensures you meet the critical standards set by regulatory bodies.
Understanding the compliance landscape
Before you can align your Zero Risk strategies with compliance frameworks, you must understand the landscape. Two of the most significant regulatory frameworks in this realm are the Sarbanes-Oxley Act (SOX) and the General Data Protection Regulation (GDPR). SOX focuses on financial reporting and corporate governance, while GDPR is concerned with data protection and privacy for individuals within the European Union.The National Institute of Standards and Technology (NIST) also provides a risk management framework that can be leveraged to align with Zero Risk strategies. This framework helps your organization manage and mitigate risks in a comprehensive and repeatable manner, ensuring that cybersecurity remains a dynamic and integral part of your organization’s culture and business processes.
To hit the mark on Zero Risk, you also need to mature your cybersecurity model. The Cybersecurity Maturity Model Certification (CMMC) enhances your security practices through five levels of cyber hygiene:
- Level 1: Basic cyber hygiene: Figure out your current cybersecurity practices and understanding the basics.
- Level 2: Intermediate cyber hygiene: Document your cybersecurity practices consistency and repeatability.
- Level 3: Good cyber hygiene: Put proper risk management practices in place to address identified vulnerabilities and threats.
- Level 4: Proactive cyber hygiene: Routinely and regularly review risks. Continuous monitoring ensures you’re proactive in managing them.
- Level 5: Advanced and progressive cyber hygiene: Optimize your cybersecurity processes and continuously improving to stay ahead of emerging threats.
Focusing on key actions to alignment
Aligning Zero Risk with the compliance frameworks involves several key actions:- Gap analysis: Conduct a thorough comparison of your current policies, processes, and technologies against the requirements of SOX, GDPR, and the NIST framework. This analysis highlights areas that need improvement and helps prioritize your efforts.
- Remediation roadmap: Develop a detailed plan (a roadmap of sorts) to address the identified gaps (see the preceding bullet). This plan should prioritize critical areas, allocate resources, and set timelines for completion.
- Policy communication: Update your policies to align with SOX and GDPR standards, and communicate these changes effectively across your organization.
Taking practical measures for compliance
To ensure that your Zero Risk strategies are in sync with compliance frameworks, consider the following practical measures:- Automating monitoring and reporting: Use identity and application access governance software to automate the monitoring of your systems and the reporting process. This measure not only saves time but also reduces the risk of human error.
- Regular training: Conduct regular training and awareness programs for employees to ensure that they understand their roles in protecting data and maintaining financial integrity.
- Continuous monitoring: Implement real-time tracking of all transactions within the application environment. This helps maintain an up-to-date security posture and immediate threat detection.
Maintaining compliance and security
After you’ve aligned your Zero Risk strategies with compliance frameworks, maintaining that alignment over time is crucial.To stay aligned and ensure ongoing compliance, follow these tips:
- Perform audits. Conduct regular internal audits to test your financial controls and data security procedures. This action helps identify any compliance drift early on.
- Stay updated. Keep abreast of changes in compliance frameworks and adjust your policies and procedures accordingly. This means subscribing to regulatory updates, attending relevant seminars and webinars, and participating in industry groups. Regularly revisit your compliance frameworks to ensure they reflect the latest legal and regulatory changes.
- Document, document, document. Keep an up-to-date record of all data processing activities. This documentation is key to demonstrating compliance during audits.
Achieving compliance is an accomplishment, but maintaining it is the goal. Falling out of compliance can be costly, so keep reviewing and updating your cybersecurity model to stay ahead of the curve.