So much confusion surrounds the roles, activities, and approaches involved with compliance management and security risk management. Where does one end and the other begin?
What Is Compliance Management?
Boiled down, compliance management involves assessing and managing your organization’s compliance regarding the applicable laws, regulations, contracts, and policies within your industry. Examples of well-known regulations include the Payment Card Industry Data Security Standard (PCI DSS), Sarbanes-Oxley Act (SOX), and Health Insurance Portability and Accountability Act (HIPAA). The role of compliance management is often more operational than strategic, with an understanding that falling out of compliance carries financial, legal, brand damage, and additional risks.
What Is Security Risk Management?
Security risk management is how your company defines, analyzes, and addresses security risks that threaten your business objectives. It involves the processes you put in place to avoid, control, and in some cases accept security risks. These risks fall into different areas of a company, including technology.
How Do Compliance Management and Security Risk Management Integrate?
As additional regulations and laws come into play to address the security of data, compliance and security risk management have started to overlap. Security managers and compliance managers ideally work together to ensure data is protected in such a way that compliance is maintained and sensitive data is protected. Compliance management focuses on auditing and reporting output; while security management targets the actual software, hardware, and policies, together creating an integrated team approach to protecting your businesses data and security posture.
Becoming Compliant and Secure
To address both compliance and security risk management, Security Pursuit offers IT audit services specifically designed to identify compliance deficiencies and assess your organization’s security posture in all key areas. This includes evaluating policies and procedures, training, personnel security, access control, configuration and patch management, vulnerability management, network security, data protection, and more. With an eye toward developing a strong compliance and security management approach, we can help ensure your company is compliant and protected.