Cybersecurity Governance ensures that your chosen solutions align with your business objectives.
When designing a cybersecurity strategy, most organizations focus on technical safeguards like firewalls and endpoint protection. While undoubtedly important, these tools are just one piece of the puzzle and far too many companies overlook cybersecurity governance, often to their detriment. While technology provides an essential layer of protection, cybersecurity governance ensures our chosen solutions align with business objectives.
There are many reasons why governance matters, but below is a brief discussion of a few of the more important considerations:
- Compliance and Legal Obligations: Many companies face strict regulations (i.e., PCI DSS, NERC-CIP, HIPAA, etc.) on cybersecurity and data protection, depending on their industry and business practices. By implementing governance frameworks, you will not only satisfy legal and regulatory requirements but also avoid hefty fines and penalties. Additionally, cyber insurance carriers are increasingly requiring covered entities provide evidence of a baseline of governance policies and practices in place to prove insurability.
- Risk Management: Cyber threats are a top concern for businesses of all sizes. Effective risk management involves identifying threats, assessing their potential impact, and implementing controls to mitigate those threats. Cybersecurity governance, including robust risk management programs, helps us quantify and minimize these risks to protect business operations and reputation.
- Business Continuity and Resilience: Even the best security measures can be breached, which is why we need plans in place to keep operations running in the event of natural disaster or cyber incidents. By developing Business Continuity, Disaster Recovery, and Incident Response Plans, we ensure we are prepared for those worst-case scenarios.
“Even the best security measures can be breached, which is why we need plans in place to keep operations running in the event of natural disaster or cyber incidents.”
Security governance plays a crucial role in helping an organization determine the technical controls they should target. By adopting a risk-based governance framework, organizations can ensure their chosen solutions align with business objectives. Ultimately, this means that the organization can prioritize their spending on technical controls that provide the most value and protection for their specific needs.
At Keller Schroeder, our Information Security Consultants have the expertise to guide you through every step of your cybersecurity journey. Whether you’re a small business or a large enterprise, we’re here to help you secure your business. Reach out to us today with any questions or cybersecurity needs you may have!
Written By:
David Boarman
InfoSec Practice Lead – Security Governance
Infrastructure Solutions Group
If you need any assistance with understanding the details within the advisory, understanding your current cybersecurity posture, your preparedness for a breach, or any other cybersecurity topic, we would love to have a discussion with you. Contact us today, and let’s chat about your environment and ways to lower your chances of becoming a victim of cybercrime.
