What Happens After Companies Identify their Security and Compliance Gaps

What Happens After Companies Identify their Security and Compliance Gaps

What Happens After Companies Identify their Security and Compliance Gaps

Most companies today deal with a variety of customer and employee data on a daily basis. Thankfully, a lot of these companies have become aware of the necessity of security and compliance assessments and audits to protect their data. Auditing helps you identify the gaps in your company’s security and compliance structure.

Unfortunately, the job does not end at identifying these gaps. Leaving the gaps in your security and compliance system unaddressed can be more deteriorating than you can imagine.What does one do after having identified the gaps in their security and compliance framework? Here are some tips.

Convene and perform a vulnerability analysis
Meet with your employees or department heads, CISO and other relevant authorities in your organization to discuss the vulnerability of your data assets. A thorough vulnerability analysis of all your data assets becomes mandatory at this stage. This helps you understand which of your data and business operations are going to be impacted due to these gaps in security and compliance and to what extent.
Remediation and mitigation
If it is too late and a security breach has already happened, there may still be hope. It is for these occasions that companies have risk remediation and mitigation plans. If you think you can eliminate the live threat, remediation measures should be undertaken. If the risk cannot be completely eliminated at the time but can be contained from propagating deeper into your data stores, you can still mitigate it. Thus, remediation and mitigation should be on the top of your list of things to do after you identify security and compliance gaps in your company.
Rethink your network security policy
If you have been able to identify gaps in your security and compliance, clearly, something is not up to the mark. You must rethink your current security framework and compliance enforcement. If there are gaps in the security system, you must restructure your information security policy. The restructuring process must accommodate all kinds of data security risks based on the gaps identified: digital, physical, application risks, third-party vendor-related risks, etc.
Revisit your compliance policy
If compliance is to blame for the gaps in security, take measures to engender awareness about your company’s compliance plan among all your employees as well as the top-tier staff. You should also consider rewriting your compliance and security policies in a more user-friendly way to improve understanding and adherence.
Update your technology
Another important step to take after identifying security and compliance gaps is to update your technology. This means two things. One, you must update your risk discovery and prediction technology. This is because the gaps in your security and compliance would have been identified sooner if your technological support was flawless. Two, you should also update the IT that protects your computer systems, applications, and servers from network intrusions.
Conclusion
Cyber-risks grow at the same rate as new data gets generated. In such an era, if you identify security and compliance gaps in your company, there is no time to waste. Follow our tips on what to do after you have identified security and compliance gaps in your company and beat the cyber threats trying to hamper your business