It might surprise you to learn that the average data breach hit a record $4.4 million in 2022. It’s essential to protect both your company’s and your clients’ information.
Otherwise, you can encounter a large number of issues. This could involve reputational damage and legal problems.
Using the right cybersecurity frameworks can go a long way toward keeping your info as safe as possible. Not everyone understands the best steps to take, though. Let’s explore the key information you should consider about cyber security threats.
HIPAA
This is also known as the Health Insurance Portability and Accountability Act. HIPAA sets guidelines for how healthcare organizations store and maintain data.
Breaching these standards can result in costly fines and fees. It’s always in your best interest to take them seriously.
A key part of adhering to HIPAA also includes holding frequent risk assessments. This helps ensure client data protection.
FISMA
The Federal Information Security Management Act is a comprehensive framework. It aims to protect government systems from cyber-based threats.
FISMA requires continuous monitoring so that immediate action can be taken if threats arise. This framework also extends to vendors and third parties. Those who work with government entities must follow FISMA regulations.
ISO 27001 and ISO 27002
These frameworks were created by the International Organization for Standardization. ISO certifications demonstrate that a company adheres to cybersecurity standards. This can make it easier to acquire new customers, as they’ll know their information is safe at your organization.
However, obtaining these certifications requires time and resources. It’s not recommended to pursue them unless you’re sure there will be tangible benefits. Otherwise, the payoff might not be worth it.
SOC2
Service Organization Control Type 2 was created to ensure partners and vendors manage client data securely. It specifies over 60 compliance requirements. It also has comprehensive auditing processes.
In some cases, a cyber security audit can take over a year to complete. As you might expect, SOC2 is difficult to implement and isn’t suitable for most organizations. Companies in high-risk industries (such as tech or finance) can benefit from the most.
NERC-CIP
This term stands for the North American Electric Reliability Corporation-Critical Infrastructure Protection. It focuses on companies in the power and utility industry.
Key components include making plans for recovering cyber assets and making vulnerability assessments. It’s more specific than other cybersecurity frameworks. However, implementation is straightforward.
Making Your Choice
When choosing a framework, it’s essential to consider your needs. This will help you narrow down your potential options.
It can also help you save as much time as possible. For example, adding an unnecessary framework can waste time and resources that are better spent elsewhere.
Ensure the framework is appropriate for your organization. Using the wrong one can perpetuate cyber risks.
Leverage the Right Cybersecurity Frameworks
The tips in this guide will ensure you utilize cybersecurity frameworks appropriately. From here, you can maximize how safe you keep data at your organization. You’ll then have no trouble taking your company’s performance to the next level.
Voice and Data is a nationwide telecommunications broker that offers best-in-class services. We’ve been proudly serving the industry since 2006 and strive to streamline each project. You’ll learn more about the benefits we provide when you get in touch with us today.
