Companies today face mounting threats from cyber criminals, necessitating compliance with cybersecurity standards and regulations in order to safeguard themselves as well as their customers. We will discuss some of these regulations here along with ways businesses can achieve compliance.
SWIFT Customer Security Programme: The SWIFT Customer Security Programme (CSP) is a mandatory set of controls required of financial institutions that use SWIFT network to prevent cyber fraud and increase transparency within global financial system. Included within CSP are 24 mandatory controls covering privileged user account control, malware protection and security awareness training which businesses must implement prior to going through an annual attestation process for compliance with CSP.
General Data Protection Regulation: (GDPR), implemented in 2018, applies to businesses processing personal information of EU citizens. Such businesses must seek consent before processing data, report breaches when one occurs and designate a Data Protection Officer (DPO). Failure to do so could incur heavy fines; businesses needing to stay compliant should implement adequate policies and procedures and security measures into place so as to become compliant.
PCI-DSS: The Payment Card Industry Data Security Standard (PCI-DSS) is a set of requirements designed to protect businesses that accept payment card transactions and store cardholder data. Failing to comply may incur fines; in order to meet PCI-DSS compliance, businesses should implement appropriate controls as well as undergo annual compliance audits in order to be safe from such costs.
Adherence to cybersecurity standards and regulations allows businesses to both safeguard themselves against cyber threats while showing their dedication to data protection. Furthermore, complying can help businesses enhance their cyber posture by pinpointing areas in which additional controls may be required.
Engaging a cybersecurity provider who specializes in compliance can be an efficient and cost-effective solution for businesses that aim to achieve and maintain it. Such providers possess all the resources required to navigate businesses through the complex web of cybersecurity standards and regulations and help meet any necessary requirements so you can focus on core operations while leaving their cybersecurity needs with capable professionals.In conclusion, businesses must comply with cybersecurity standards and regulations in order to protect themselves and their customers from cyber attacks. In today’s constantly changing cybersecurity landscape, it’s more important than ever to ensure that your company is in full compliance. Businesses can stay up to date with the latest standards and regulations while also maintaining a strong cybersecurity posture by partnering with security, risk and compliance service providers like Global Secure Solutions. Contact us today to learn more about how we can help your company achieve and maintain compliance while also protecting against cyber threats
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