Cybersecurity has become a top priority for organizations across all industries and sizes. To safeguard their sensitive data and assets from the ever-evolving threats of cyberattacks and data breaches, businesses must take a proactive approach. Adherence to industry-specific cybersecurity regulations and frameworks is a critical component in building a robust and comprehensive cybersecurity program.

In today’s business landscape, managing risk has become an increasingly critical concern. The “usual” risks (such as data breaches) paired with the completely unforeseen ones (like the collapse of SVB) have made companies more cautious with their next steps. With tighter budgets and limited resources, it can be quite challenging for CISOs and CTOs to effectively manage risk while ensuring business continuity.

The Advancement in technology and online payment transaction has offered an immense amount of convenience to both consumers and businesses. The ease and widespread acceptance of online payment including the credit/debit card transaction has streamlined business processes and payment transactions greatly.

When a restaurant expects an inspection from the Health Department, management takes a number of steps to prepare. The team needs to understand what the inspector will look for and take proactive measures to address any obvious concerns. This involves cleaning, scrubbing, and being on best behavior. Conducting an ISO 27001 internal audit is like preparing for a health department inspection. An internal audit analyzes an organization’s information security management to find vulnerabilities.

Enterprises these days are facing a triple threat: stiffer government policies, volatile cyberspace and an extra-competitive economy. And without a well-planned strategy, it will be hard to survive all these and hit high-performance goals. Hence the need for an effective GRC strategy. Since its invention in 2003, GRC as a strategy for achieving organizational goals amidst uncertainty and with integrity, has stayed true to its primary purpose. Despite the increasing turbulence in the economy.