GOVERNANCE AND COMPLIANCE
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No matter the industry or sector your organization operates in, it is obligated by law to protect sensitive customer data. This includes personal information such as names, addresses, social security numbers, credit card information, and other sensitive data.
Organizations are required to comply with various laws and regulations, such as the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and the Health Insurance Portability and Accountability Act (HIPAA), among others, which have specific requirements for protecting sensitive customer data.
While it does not mean that one cannot fall prey to cybercrime, it does mean that your organization needs to adopt and implement security controls that minimally meet industry standards or risk huge fines when disaster strikes.
Governance and compliance play a crucial role in managing supplier risks. Organizations are obligated to comply with various legal and regulatory requirements to protect sensitive customer data, such as data protection laws, data privacy laws, and industry standards such as PCI-DSS, HIPAA, SOC 2, etc. These regulations have specific requirements for supplier risk management and organizations must have a robust process in place to ensure compliance.
A supplier or third party refers to an individual or organization that provides goods or services to another organization, known as the buyer or client. These external entities can include manufacturers, distributors, vendors, contractors, and service providers. They are considered a third party as they are not part of the buyer's organization. In supply chain management, suppliers and third parties are an integral part of the supply chain, as they play a key role in providing the materials and services needed to produce and deliver a product or service to customers.
Managing supplier risk in today's complex and globalized supply chains is a challenging task. Organizations have to manage and monitor a vast network of suppliers, partners, and vendors, making it difficult to ensure that all suppliers are meeting their obligations and maintaining the required standards. Having a proper governance and compliance structure in place can help organizations to identify and mitigate risks across the entire supply chain.
Proper governance for risk management can provide organizations with the necessary tools and processes to identify and mitigate risks, such as supplier onboarding, monitoring, and offboarding, incident response, and personal data protection.
This can help organizations to ensure that all suppliers are meeting their obligations, maintaining the required standards, and complying with legal and regulatory requirements.
Having a proper governance and compliance structure in place can help organizations to protect sensitive customer data, minimize the risk of breaches and the associated fines, and ensure compliance with legal and regulatory requirements.
CLOUD SECURITY ASSESSMENT
Cloud Security Assessments are the fastest and most comprehensive way to identify your organization’s security posture in the cloud.
Our Cloud Security Assessments service provides you with a comprehensive report detailing the security risks and vulnerabilities of your cloud infrastructure.
Contact Us To Learn More About Cloud Security Assessment
CYBER GOVERNANCE & COMPLIANCE
Our cybersecurity governance and compliance services help you ensure compliance with standards like ISO2700:2013, NIST or CIS.
Safeguard your business with our cybersecurity governance and compliance services from potential financial losses.
CYBER AWARENESS & PHISHING SIMULATIONS
We make it easy for you to train your employees on how to identify and avoid cyber threats.
Our Cyber Awareness & Phishing Simulations service provides you with the tools and knowledge needed to protect your business from cybercrime. Our simulations are realistic and interactive, and will help you to identify potential security threats before they can cause harm.
CYBERSECURITY AS A SERVICE
We make cybersecurity easy. Get the security you need without hiring a full-time CISO. Our cybersecurity as a service offers comprehensive protection for your business with on-demand access to a certified CISO.