One of the organization’s risks that is often monitored on a regular basis is Security Compliance Management.
Security Compliance Management relates to the monitoring and assessing of controls, policies, standards and systems to validate compliance with both internal, external, regulatory and legal requirements and standards.
In order to be compliant, four steps must be take:
- Assess
- Perform an assessment to understand what your organization must be compliant to and assess what controls, policies, standards and systems are within the scope of this compliance.
- Prioritize
- As mentioned, compliance is a risk just like that of a tornado destroying your operations facility. That said, the next key step is to prioritize what you will be compliant to and by what level of effort and expense will becoming compliant cost your organization.
- Design and Remediate
- Once understanding what the organization plans to be compliant to, along with the scope, controls, policies, standards and systems must be remediated and/or to support the compliance effort.
- If you are a B2B business, consider aligning the organizations to the SOC 1 – SOC for Service Organizations (link) principles for financial reporting and the trust services criteria for the SOC 2® – SOC for Service Organizations (link).
- Report
- Once controls have been assessed, potentially created, and updated, document and validate what was done.
- If you aligned your controls to the SOC 1 and SOC 2 criteria, consider having a SOC 1 Type 1 and SOC 2 Type 1 to have third party assurance of the design of these controls.
If each of these steps sounds like something your organization is not equipped to do or would like help, contact us via the form on the Contact Us page (link) and we can serve as your fractional resource to complete and represent your organization for Compliance.