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Governance, risk, and compliance are the three pillars of a robust cyber security framework. While people often reference that statement, what does GRC stand for? While the GRC meaning is straightforward, it is not enough to lean on platitudes; as a business owner, you must understand how each element plays into a company’s digital strategy …What Does GRC Stand For: Governance, Risk and Compliance
Dealing with cybersecurity risks has become a part of everyday operations for businesses and organizations. In the first half of 2022, data breaches affected more than 53 million individuals. These breaches can result in substantial financial liability, loss of reputation, loss of valuable data and, in some cases, legal consequences. How do you conduct a cybersecurity …How Do You Conduct a Cybersecurity Risk Assessment?
Building a company takes a lot of time, energy, effort and resilience. Entrepreneurs have to be willing to take risks and weather tough times to grow their companies. With all that goes towards being a success, the last thing you want is to lose what you’ve built because you didn’t invest in cybersecurity risk management. …Why Cybersecurity Risk Management Is Vital for Every Business
5 Elements of Effective Cyber Security Risk Management According to the Federal Reserve, cyber security issues are some of the most expensive and damaging risks to the financial market. As the financial system has become more digitized, there is greater potential for incidents to affect the market more broadly. These vulnerabilities in the financial sector …Laying a Cyber Security Risk Management Plan
How To Create a Culture of Compliance at Your Organization Too many people assume that an organizational culture of compliance is only about checking regulatory boxes and avoiding legal trouble. While those are advantages of adopting a compliance culture, they are far from the only reasons. Establishing compliance as a cultural norm within your organization …Creating a Culture of Compliance
Creating an Effective Cybersecurity Budget: Quick Guide As advanced cybersecurity threats become commonplace, organizations from small businesses to Fortune 500 companies must take a critical look at security budgeting. The Wall Street Journal reports that the national average cybersecurity budget increased by 6% from 2022 to 2023. Since a single cyberattack can cost a company …How To Draft a Cybersecurity Budget
What Is Continuous Criminal Monitoring and Should You Implement It? Criminal background checks are crucial in an organization’s decision to hire a job applicant. While most businesses use a background check before hiring an employee, only 11% re-screen employees once hired. Even periodic checks — typically occurring annually — generally assume the best from workers …Continuous Criminal Monitoring and Implementation
Creating an Effective Cybersecurity Organizational Structure Cybersecurity is an essential component of most modern businesses. However, despite the necessity of the division, many organizations — 86.6% in 2023 — lack the infrastructure or talent to maintain an adequate security structure or team, leaving them at risk to the criminal element. To build a cybersecurity organizational …Cybersecurity Organizational Structure
