In today’s business landscape, managing risk has become an increasingly critical concern. The “usual” risks (such as data breaches) paired with the completely unforeseen ones (like the collapse of SVB) have made companies more cautious with their next steps. With tighter budgets and limited resources, it can be quite challenging for CISOs and CTOs to effectively manage risk while ensuring business continuity.

The Advancement in technology and online payment transaction has offered an immense amount of convenience to both consumers and businesses. The ease and widespread acceptance of online payment including the credit/debit card transaction has streamlined business processes and payment transactions greatly.

When a restaurant expects an inspection from the Health Department, management takes a number of steps to prepare. The team needs to understand what the inspector will look for and take proactive measures to address any obvious concerns. This involves cleaning, scrubbing, and being on best behavior. Conducting an ISO 27001 internal audit is like preparing for a health department inspection. An internal audit analyzes an organization’s information security management to find vulnerabilities.

When it comes to law enforcement crime investigations, there is a maxim of, “follow the money”. This broadly means that if you can follow the money trail, it will eventually lead you to the perpetrator of the crime. In today’s modern society, money has now become a series of binary ones and zeros that are transferred between bank accounts without any real effort on either party, and cybercriminals are fully aware of how easy, and fragile, this process is.

Enterprises these days are facing a triple threat: stiffer government policies, volatile cyberspace and an extra-competitive economy. And without a well-planned strategy, it will be hard to survive all these and hit high-performance goals. Hence the need for an effective GRC strategy. Since its invention in 2003, GRC as a strategy for achieving organizational goals amidst uncertainty and with integrity, has stayed true to its primary purpose. Despite the increasing turbulence in the economy.

In business, we measure everything. Like the saying goes, “What gets measured gets done,” and most companies pay close attention to KPIs like qualified leads, new pipeline, net customer retention and fraction of roadmap completed on time. But if you were asked, “Are you meeting all your trust obligations with your employees, customers, board members, and the government?”, how would you answer?

In this episode of SaaSTrana, Venky and Raghu, Co-Founder of Sprinto, discusses why SaaS companies should pay close attention to security measures to become SOC 2 compliant.

In a highly connected, internet-powered world, transactions take place online, in person, and even somewhere in between. Given the frequency of digital information exchange on our devices, including smartphones and smart home gadgets, cybersecurity has never been more important for protecting sensitive customer information. In response, the US Federal Trade Commission has rolled out updated measures to ensure that customers’ details are fully protected.

As organizations respond to an ever-evolving set of security threats, network teams are scrambling to find new ways to keep up with numerous standards and regulations to dodge their next compliance audit violation. Can this nightmare be avoided? Yes, and it’s not as complex as one might think if you take a “compliance first” approach.