ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Solving the Top 5 GRC Compliance Challenges in Cybersecurity

By: via GlobeNewswire

Cary, NC, July 09, 2024 (GLOBE NEWSWIRE) -- The rapid rise of Artificial Intelligence and other technologies gives a sense that the cybersecurity industry is the “wild west,” and it's not likely to change anytime soon. Adversaries are constantly finding new vectors that are difficult to detect and defend against, as a recent Crowdstrike study suggests, showing a “160% increase in credential theft via cloud instance metadata API”, and a staggering 583% year-over-year increase in Kerberoasting attacks. 

LinkedIn users responding to an online survey by INE Security, a leading global cybersecurity training and certification provider, recently ranked PCI-DSS (Finance) as the most challenging compliance standards to comply with (37%), followed by  NIST (Government - 24%), HIPAA (Healthcare - 22%), and GDPR (General - 16%). 

“As cyber threats evolve, so do the regulatory frameworks designed to mitigate these risks. However, the complexity and diversity of these regulations can pose significant challenges for businesses aiming to strictly adhere to Governance, Risk and Compliance (GRC) standards,” said Dara Warn, the CEO of INE Security. “With careful planning, organizations can align cybersecurity training strategies with regulatory demands to stay cybersecurity compliant.” 

1. Diverse Regulatory Standards

One of the most daunting challenges for organizations is navigating the web of cybersecurity regulations that vary by geography and industry. For example, the General Data Protection Regulation (GDPR) governs data protection and privacy in the European Union, while the California Consumer Privacy Act (CCPA) sets standards for privacy rights in California

  • Solution through Training:
    • Comprehensive Training Programs: Implement training modules tailored to specific regulations such as GDPR, CCPA, and other compliance standards.
    • Continuous Learning: Implement ongoing interactive training schedules to keep staff updated on the latest regulatory changes and requirements.

2. Rapidly Evolving Cyber Threats

As technology advances, so do the tactics, techniques, and procedures employed by cyber adversaries. This dynamic threat landscape makes it difficult for regulatory bodies to keep up, often resulting in regulations that lag behind current threats. Organizations must not only comply with existing regulations but also anticipate new ones that may arise from emerging threats.

  • Solution through Training:
    • Advanced Cybersecurity Training: Equip employees with training on the latest cyber threat landscapes and defensive tactics.
    • Cyber Ranges: Use real-world scenarios and cyber threat simulations to prepare staff for potential breaches.

3. Resource Constraints

Compliance typically requires significant resources, including skilled personnel, technology, and time. Small to medium-sized enterprises (SMEs) often struggle with limited budgets and expertise to implement comprehensive cybersecurity measures that comply with stringent regulations.

  • Solution through Training:
    • Cost-effective Training Solutions: Utilize online training platforms to provide cost-effective compliance training.
    • Training-as-a-Service: Consider subscription-based training solutions that offer scalability and flexibility.

4. Complexity of Compliance Management

Managing compliance can be incredibly complex, especially for organizations that operate across multiple jurisdictions or industries. This complexity is compounded by the need to integrate various IT systems and processes with compliance requirements without disrupting business operations.

  • Solution through Training:
    • Interdisciplinary Training: Offer training that bridges the gap between technical and non-technical staff regarding compliance issues.
    • Compliance Protocols Training: Educate on specific compliance protocols and their implementation in daily operations.

5. Balancing Innovation with Compliance

Innovation drives business growth, but it can also introduce new risks and compliance challenges. For instance, adopting new technologies like cloud computing or Internet of Things (IoT) devices can expose organizations to new vulnerabilities. Balancing the need for innovation with the requirement to comply with cybersecurity regulations can be challenging.

  • Solution through Training:
  • Security by Design Training: Incorporate security and compliance training at the early stages of innovation and product development.
  • Regular Updates and Refresher Courses: Keep the workforce informed about how innovations align with regulatory requirements.

Conclusion

The landscape of regulatory compliance in cybersecurity is fraught with challenges ranging from managing diverse regulatory requirements to balancing innovation with compliance. However, organizations can better navigate these challenges by aligning IT strategies with regulatory demands and adopting proactive, integrated, and strategic approaches. Implementing comprehensive cybersecurity frameworks, leveraging external expertise, and utilizing technology to manage compliance can significantly ease the burden, ensuring that organizations not only meet the required standards but also secure their operations against evolving cyber threats.

About INE Security:
INE Security is the premier provider of online networking and cybersecurity training and certification. Harnessing the world’s most powerful hands-on lab platform, cutting-edge technology, global video distribution network, and world-class instructors, INE Security is the top training choice for Fortune 500 companies worldwide for cybersecurity training in business, and for IT professionals looking to advance their careers. INE Security’s suite of learning paths offers an incomparable depth of expertise across cybersecurity and is committed to delivering advanced technical training while also lowering the barriers worldwide for those looking to enter and excel in an IT career.


Press Team
INE
917-715-0911
Press@ine.com

Recent Quotes

View More
Symbol Price Change (%)
AMZN  198.79
-0.81 (-0.41%)
AAPL  255.78
-5.95 (-2.27%)
AMD  207.32
+1.38 (0.67%)
BAC  52.55
+0.03 (0.06%)
GOOG  306.02
-3.35 (-1.08%)
META  639.77
-10.04 (-1.55%)
MSFT  401.32
-0.52 (-0.13%)
NVDA  182.81
-4.13 (-2.21%)
ORCL  160.14
+3.66 (2.34%)
TSLA  417.44
+0.37 (0.09%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.