Where once businesses only had to concern themselves with one regulation, now they must address several. Even if they are not themselves regulated, they likely service a company that is and through the procurement process contractually bound themselves to comply with one or more regulations. Further, any advice they received from counsel or consultants is stale upon delivery, because regulations are often construed differently over time by either the regulator or the courts. In addition, the risks keep changing, so ultimately even the most compliant plan is outdated as soon as a new threat is realized.
A related issue is that the policies they received were often as nebulous as the regulations themselves; so there was still a substantial amount of work required to convert these policies into controls that could be implemented and tested.
A second challenge they face is aligning their information security efforts with their compliance efforts. Organizations certainly take steps to protect their information, but they are often unaware of whether those steps are sufficient to comply with the regulations they are subject to. In addition, any risks associated with those systems are often known to only a small portion of the organization and may not be well communicated to senior management or understood by them. This tool helps communicate the state of the organization’s security and compliance program to those that need this information.
To come to the rescue of control freaks everywhere, our CyMetric software:
- Defines regulatory security and privacy requirements for any information system in a clear and simple manner. CyMetric identifies the controls and policies an organization needs to implement to comply with the regulations they identify as relevant to their organization.
- Avoids traditional legal costs because the system incorporates the most current analysis of the regulation by attorneys and delivers nearly instant updates should the regulations be construed to require a different level of protection for information systems. This keeps the organization’s compliance program up to date from a compliance standpoint.
- Allows customers to track their risk assessments and compliance efforts in a tool that also allows reporting to different stakeholders according to their role within the organization. This helps keep the security program up to date from a risk or threat standpoint.
- Marries both the compliance and security efforts into one process so that the efforts associated with the last two points contribute to one another and are synergistic.
- Frees up internal and external resources from tracking regulations and affected controls and allow them to focus on the specific implementation at their organization and risks they might face.