Organizations the world over rely on outsourced services to keep themselves profitable, efficient and protected from risk. Today’s data breach headlines are becoming all too common. More than ever, organizations rely on contracted help for cybersecurity related services. Often, cybersecurity related advisory services have a heavy lean towards technical and operational expertise. However, new automation tools are driving accounting and financial services into cybersecurity as a growing revenue center.
A closer look reveals the need for expertise in audit, policy and rules administration, a great fit for many accounting, policy or legal advisory services. Growing regulations like GDPR and other data privacy laws carry growing financial repercussions for non-compliance. Earlier this year, SEC Commissioner Robert Jackson said: “the most pressing issue in corporate governance today is the rising cyber threat. Cybercrime is an enterprise-level risk that will require an interdisciplinary approach.”
While most IT-oriented security operation centers understand firewalls, anti-malware, network access and intrusion detection, they often lack what services firms don’t – policy, audit and rules expertise. Furthermore, with the advent of new automation tools, many advisory services organizations are finding a great compliment to their current skill sets.
Not convinced? Let’s explore this a little more. There is no doubt that data security is a big issue. Scare tactics are no longer needed; organizations realize the general significance of the threat. However, the biggest problem to running an adaptable, risk-informed and agile cybersecurity system is the lack of real-time connectivity from operational tools, (think firewalls, anti-malware, network access, intrusion detection) to the policy controls themselves.
For too long, organizations have relied solely on network driven, IT-centric dashboards and “blinking lights” without tying them to what “right” should look like — the policy controls themselves. While the operational technologies themselves are fantastic, they do not automatically express the impact on policy or regulatory requirements. They do not seamlessly give insight into business outcomes. Until now.
Organizations can now speed up by over 80% the gap analysis process for many regulatory and audit related requirements through the use of automation tools like BAP. Advisory services can now deploy automation and repeatable, scaleable mechanisms into the cybersecurity process, both for initial strategy implementation, and for ongoing continuous monitoring of cybersecurity objectives health.
Traditional “check the box” compliance with today’s massive electronic data growth only achieves partial visibility into security health. The more technical controls we introduce, and they’re growing all the time, and the more devices and software tools we introduce into our environments, the more reliant we become on policy health automation tools. This transformation is a shift from traditional “check the box compliance” to “accountable compliance”.
Ultimately, we need a mechanism that ties our events to our controls. When we do that, we can visualize the reality of control health based on actual events. When services organizations follow this plan, they can quickly reduce financial risk, automate validation of control health, lower cost, gain real-time policy health visibility, and establish an automated path towards remediation.
There’s no better time to explore services expansion into the cyber strategy realm. There are policy health automation tools that are ready and willing to help train your organization on this exciting new landscape of cybersecurity.
See how BAP can speed up your move to accountable compliance today.