Security Risks and Compliance

Security Risk And Compliance | RankSecure

Security Risk and Compliance

Risk management is the process of identifying, assessing, and managing potential threats that could damage the organization’s Reputation, Financials, and Customers (RFC); and Confidentiality, Integrity, and Availability (CIA) of the business-critical data and information. These risks stem from a variety of sources such as legal liabilities, data-related issues, financial uncertainty, and much more. Additionally, risk management involves proposing plans to increase awareness around potential threats and how to avoid them. Essentially, risk management enables organizations to prepare for the unexpected by minimizing issues before they occur.

Compliance refers to the act of conforming to a set of standards, regulations, or requirements. In general, compliance in business involves two crucial components:

1) Regulatory compliance: the steps an organization takes to comply with applicable external laws, regulations, and guidelines.
2) Corporate compliance: the actions and security programs an organization implements to ensure compliance with internal policies and procedures, in addition to external regulations.

Both regulatory and corporate compliance is essential to ensure organizations adhere to regulatory requirements and avoid potential fines, legal actions, or operational issues.
Compliance and risk management need to work in tandem to ensure that organizations are adhering to the necessary regulations and preparing for action in the case of a cyberattack. With RankSecure’s Strategic and Standard Cyber Security Services, you can continuously track adherence to regulations and detect potential gaps within current security mandates. Our compliance services detect issues that concern the spot-checks of security standards that apply to your organization. Additionally, RankSecure can give you an outside-in view of the security posture of your IT infrastructure and display the most critical risks for your organization. In doing so, you can prioritize remediation immediately.

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Security Risk and Compliance

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