Many organizations throughout the world have been busy overhauling their IT and cybersecurity systems as regulators begin to clamp down on consumer privacy and data security – with legislation such as GDPR and CCPA taking centerstage. Despite this recent increased emphasis, many organizations fail to properly assess and recognize the weakest links when it comes to cyber risk.
Cyber and information risk and compliance exposure, in the chaotic modern business world, is a complex mesh of vulnerabilities that crosses through different departments and functions within the business and its operations. The effect of a seemingly isolated information or cyber risk can soon become ubiquitous – causing trouble throughout all levels of the organization.
In order to meet the requirements of regulators, organizations often just manage and monitor cybersecurity continuously, but unless this monitorization and management is a part of an integrated strategy that approaches cybersecurity, risk, and compliance from a holistic business and organizational lens, they will fail. A lack of an integrated strategy and approach is where most organizations fall short in building maturity within their IT and cybersecurity framework.
Creating A Mature Framework
The full extent of vulnerabilities and requirements that weigh down information and cyber security must be addressed in a standardized, integrated, and mature IT and EGRC architecture. Managing risk in isolation, without an integrated and effective IT risk management system will fail the needs of the dynamic, modern business environment.
Technology must be allowed to integrate the system into the context of business as a whole if the organization hopes to have the ability to stay on top of changing risk.The improved effectiveness and efficiency that these integrated processes and technologies allow help to ensure that business functions and information are kept current and up to date with the pace of change in modern business.
A mature framework will understand the requirements of these data protection laws, harmonize the organizations information management with data privacy regulation around the world, enforce privacy and controls across third parties, meets international industry standards, and manages the assessment of information and data security. This is key in building a consistent and compliant cybersecurity and IT framework for your organization