What do some of the world’s most premier data breaches—Target in 2013, Heartland Payment Systems in 2009, Anthem in 2015—have in common?
In these examples (and so many more), the companies had actually met compliance requirements before the breach occurred. Whether it was PCI DSS or HIPAA, one thing became clear in the aftermath—regulatory compliance did not equate to data security.
With the cost of cybercrime eclipsing $600 billion in 2017, you’d think that business leaders would see the compliance-security gap and shore up their defenses. And yet, business and IT leaders continue to fall into the same trap—believing that regulatory compliance is the sign of a strong cybersecurity.
While compliance and security certainly work together, it’s more important than ever not to confuse the two.
The process to achieve compliance for various industry regulations is notoriously costly and time consuming. It’s not as if IT leaders are just arbitrarily checking boxes to say that data in transit is encrypted and that the proper security controls are in place. Proving you’re compliant is much more complicated.
As a result, it’s easy to fall into the trap of thinking that once you’ve achieved compliance, all that time, money, and effort also results in strong security. Except that’s not the case.
When trying to understand where the line is between compliance and security, there are two key points to keep in mind:
Business leaders must recognize that while regulatory compliance sets them on the right path to risk management and governance, there’s much more involved in staving off security incidents.
Rather than focusing on killing two birds with one compliant stone, there are four main components that add robust security to a compliant organization.
There’s a common “set-it-and-forget-it” mindset relating to security in small to mid-sized businesses that drives this compliance-security trap. You don’t always have the enterprise-level resources necessary for a defense-in-depth strategy that goes far beyond high-level compliance requirements.
However, if you want to avoid becoming another compliant victim of a data breach, there are four areas of data protection you must address:
When you start to understand what it takes to balance compliance and security, your next steps can seem overwhelming. And unfortunately, the threat landscape is constantly changing, making life difficult not just when maintaining compliance, but also when staying ahead of attackers.
Don’t let a compliance certification lull you into a false sense of cybersecurity complacency. You might save money by cutting corners in the short term. But one data breach has the potential to cripple a business of any size.
Rather than waiting for a data breach to actually occur before you take action, consider the benefits of a managed security provider to help you proactively mitigate vulnerabilities and maintain compliance.
Leave your set-it-and-forget-it security mindset behind. Check out our free whitepaper and learn why so many businesses are shifting to managed SIEM and managed detection and response (MDR).