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How to Make Your Business HIPAA Compliant

Ensuring that your health industry business complies with the Health Insurance Portability and Accountability Act or HIPAA is often considered a costly burden and another red-tape requirement. A majority (69%) of businesses view compliance as the cost driver for setting up compliance programs. But a similar number of companies (64%) note that HIPAA is a very effective method to keep health data safe. It is a crucial step to take to protect both your clients and your company from data breaches and.additionally from non-compliance fines if a breach occurs.
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How to Manage Technological Risks?

In all sectors, technology has become a vital aspect of operations and has transformed the workplace, but that dependence on technologies also poses a threat to organizational wellbeing. Data breaches, system failures, malicious attacks–as well as natural disasters that impact technologies–can wreak havoc on company reputations, regulatory compliance and fiscal health.

Protecting Your Company Website as an ERM Strategy

Your corporate website is more than just a business card since it is the most significant asset your organization holds for providing vital information to customers. A security breach on your company’s website from hackers can be devastating to your organization’s reputation amongst your clients. Exposing customer data to attackers impedes all efforts made to build a strong brand since customer trust is compromised.
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Internal Audit Checklist for Your Manufacturing Company

The manufacturing industry faces increasing scrutiny from regulatory agencies. As cybercriminals increasing target SCADA system weaknesses, an organization’s cybersecurity posture becomes more important to its ability to protect data and obtain important contracts. Starting with a security-first approach to cybersecurity often protects data, but to meet compliance requirements, the organization need to document the effectiveness of its internal controls.

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Emerging Risks Facing the Financial Services Industry in 2019

Since financial services industry collects, stores, and transmits sensitive non-public informationinformatino, malicious actors continue to target it. As the financial services industry embraces digital transformation, it opens itself up to new risks. Cloud infrastructures act as a primary target, leading to new risks arising from the new technologies. Emerging risks facing the financial services industry require continuous monitoring to retain a robust cybersecurity posture.

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What are Internal Control Weaknesses?

A control weakness is a failure in the implementation or effectiveness of internal controls. Malicious actors leverage internal control weakness to circumvent even the most robust security measures. The wide range of internal controls, the increased number of new technologies, and the rate at which malware evolves necessitate data security control monitoring. Regularly monitoring allows organizations to test the effectiveness of their internal controls and expose weaknesses in their implementation.

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Continuous Auditing vs Continuous Monitoring

Monitoring is an established component of the information security process which goes hand in hand with auditing. Auditing is used to document an organization’s compliance activities. Where monitoring protects the data by responding to threats, Auditing provides proof of a continued compliance effort. By taking a “security-first” approach, companies can use continuous auditing and monitoring to provide evidence of their cybersecurity protections.

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What You Need to Know About California’s New Data Protection Law

Senate Bill 1121, more commonly known as the California Consumer Privacy Act (CCPA) was passed on September 23, 2018, and becomes effective on January 1, 2020. Already being compared to the European Union’s General Data Protection Regulation (GDPR), the new law focuses on privacy rights and encompasses both consumer protection and data protection. Thus, organizations need to know how to secure and protect information to meet the CCPA’s regulatory requirements.

How to Measure Internal Audit Performance

Ever-increasing cybersecurity threats have made data security a staple in all businesses that transmit, manage, or store sensitive data. However, many companies struggle with security when it is time to carry out IT audits. To determine the effectiveness of your risk management program, it is crucial to measure your organization’s internal policies against the recommended industry standards and regulatory requirements.