According to the 2021 Year End Data Breach QuickView Report, over 22 billion records were exposed worldwide across 4,145 publicly disclosed data breaches in 2021.

Will your business be the next to experience a breach?

Cybersecurity has become a major priority as the number of sophisticated cyberattacks increases. No company is immune to a data breach or attack—big or small, international or right at home—and cybersecurity will always be critical for your business’s success. It’s past time for business leaders and their boards to start taking the protection of their organizations more seriously and realize there is no 100% amnesty for cyber criminals to access confidential information.

Cybercrime safety has also become a national initiative, with the Biden administration publishing its national cybersecurity strategy earlier this month to ensure data and systems are protected from hackers. It is even more imperative for business board members to up their cybersecurity game and implement a systematic risk governance approach to ensure their organizations have appropriate preparations to respond and recover if and when a cyberattack strikes.

Understanding Cybersecurity Compliance

A strong cybersecurity posture is a mix of hardware, software, processes, and policies that help achieve cybersecurity compliance. Cybersecurity compliance protects the confidentiality, integrity, and availability of information from cyber attacks, keeping your sensitive data out of the hands of bad actors. This data includes:

l Personally Identifying Information (PII)

l Protected Health Information (PHI)

l Financial Information

l Race, religion, IP addresses, biometric data, etc.

l And more

It isn’t just a cluster of strict and mandatory requirements for your business. In reality, it means your organization’s ability to adhere to industry standards related to information security and data privacy.

However, compliance doesn’t guarantee that your business is out of the cybercrime woods just yet.

Cybersecurity risks are everywhere. About 38% of corporate board directors believe overseeing cyber and data security is their most challenging issue, according to a report by Diligent Institute. Security breaches happen—even to organizations with the most robust cybersecurity systems. The rate of cyberattacks has caught up to the speed of implementing cybersecurity protocols to protect organizations from breaches. If you’re caught off guard and don’t have an action plan to defend your business, the situation could be worse than expected.

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