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:
01
assess the type of data that is stored and managed
02
gauge the potential risks the data is exposed to
03
list down the remediation efforts needed to mitigate the risks
04
undertake necessary remediation efforts regularly
05
most importantly, document every single step of this seemingly arduous process as evidence
Each of the above steps are mandatory and non-negotiable. A closer look will tell you that installing a list of expensive security solutions comes only after the first three steps in the process have been followed. Skipping past these initial steps and acting merely on presumptuous knowledge is tantamount to leaving your business’ future to sheer chance. It’s anyone’s guess what that would lead to.
That’s why we’re going to explain to you why a thorough and accurate risk assessment is truly the first step towards achieving compliance. Moreover, when repeated regularly, it can help you demonstrate continuous compliance while keeping cyberthreats at bay.
(more information in next weeks blog)