security-compliance-at-the-boardroom-table

Why Security & Compliance Have a

Permanent Seat at the Boardroom Table

Security & Compliance - Why They Have a Permanent Seat at the Boardroom Table

The fear of breaches and non-compliance with industry regulations have caused businesses to rethink how they approach IT at the c-suite level. The Chief Compliance Officer (CCO) has become tasked with monitoring and managing the vast compliance requirements landscape on a global and local level. Fines for breaches or lapses in compliance with an industry standard or regulation, such as General Data Protection Regulation (GDPR), can equal as much as four percent of a company’s revenue; that is potentially enough to put a company out of business. In the current compliance-driven market, it is imperative to have a security-first mentality when it comes to IT decisions.

Get an Insight

In my byline in “Corporate Compliance Insights”, I shared the top three reasons why a security-first mentality is crucial to the success of your business. A security-first approach allows companies to address:

  • The evolution of security and compliance requirements
  • Increasing customer security concerns, which directly impact sales
  • The need to be up-to-date on privacy standards, which is seen as an investment in the future

Security is a top priority in today’s business world

Organizations need an up-to-date, comprehensive cyber-security strategy that is ready for new regulations and/or standards. This puts organizations ahead of the curve, eliminates any concern that could impact sales, and is an investment in the future of the business.

According to a recent survey, 56 percent of C-level executives believe their organizations have migrated security workloads to the cloud, giving it a prominent seat at the boardroom table, for now and for the future.


Stay Secure and Compliant

Ensuring your data will remain safe, secure, and private today and in the future, has become a more complex and delicate process with the advent of GDPR. But with careful planning and the introduction of effective policies, it can be mastered – and provide a few additional business benefits along the way. Our Security team is happy to assist, just reach out to them.

Discover more
  • Managed Security
  • Security, Compliance, Cyber Security, Cyber Threats, Cyber Attack

Comment on this article

Leave a comment to let us know what you think about this topic!

Leave a comment

Author

Mike Fitzgerald

Mike Fitzgerald

Chief Innovation Officer

IT-Security, Compliance, Cyber-Security

Related Articles

How to Protect Your Business from Identity Theft | SoftwareONE Blog
  • 17 December 2021
  • Bala Sethunathan
  • Managed Security, Cybersecurity, Digital Transformation
  • Cyber Awareness, Cyber Threats

How to Protect Your Business from Identity Theft

Learn more about the ins and outs of business identity theft and walk through the steps you can take now to protect your business.

Nonprofit and security

Is Your Nonprofit Organization Headed for a Data Breach?

Many NPOs lack the time and resources to adequately protect their data against the threat of a data breach. Learn how to know if you’re headed for a breach.

Cybersecurity threads
  • 29 November 2021
  • Bala Sethunathan
  • Cybersecurity, Cybersecurity User Awareness, Managed Security
  • Cyber Security, Security

Protecting Enterprise Networks from Threats

The best way to start protecting your enterprise network from cybersecurity threats is to understand the threats in today’s landscape and then create a plan to confront them. Take a closer look.