Why Security & Compliance 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.
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:
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.
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.
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