Presented by Vanta
Security is more than a mitigation of risk, it is also a growth promoter. Join this VB On-Demand event to learn how automated security and compliance improves your security posture, helps meet SOC 2, HIPAA, or ISO 27001 regulations, quickly get you compliant, and more.
Cyber criminals are getting smarter, their attacks are constantly evolving and their successes are leaving their mark. Attacks scale effortlessly, from the one-to-one text phishing attempts on employees posting about new jobs on LinkedIn, to the “Unprecedented” Campaign Against the Costa Rican Government causing much of their infrastructure to come to a standstill, resulting in losses of $125 million over 48 hours.
“What stands out is the sophistication,” said Kaitlin Pettersen, VP of Customer Experience at Vanta. “The apparent legitimacy is improving. They are getting smarter. They are becoming more strategic and the financial and reputational costs of these data breaches are high.”
Customer trust is easily lost, but not easily regained – and that has a direct impact on your bottom line. Globally, the fines for GDPR violations are huge, but smaller companies also face financial consequences for violations. The CCPA in California opens the door to lawsuits from customers whose data was involved in a breach. The cost per incident may not be huge, but multiplied by all of a company’s customers, they add up quickly. In combination with the reputation hit, it is a blow to your trajectory as a company.
In addition to risk protection, compliance and security are also great for businesses as it helps attract and retain customers, she adds. For example, SOC 2 certification is the most sought-after security framework for growing SaaS businesses, demonstrating an organization’s ability to effectively ensure the privacy and security of customer and customer data.
It may seem daunting, especially for smaller businesses without specialized roles dedicated to security vulnerabilities, but automation and technology are now available to lighten the burden and make it much easier than it used to be to prevent attacks and fines.
It requires a combination of security — or the ongoing practices and policies you put in place to take care of your customers’ data and protect the integrity of your business — and compliance. That, and the standards associated with it, is what demonstrates your great security attitude, especially as more standards emerge.
“The old saying may have been overused, but the best defense really is a good offense,” Pettersen says. “By standing up and enforcing good security practices and staying compliant, risk is mitigated and businesses are protected from attacks and hefty fines. But that’s a lot easier said than done.”
The difference automation makes to security and compliance
As threats continue to grow, an increasing number of companies, especially larger enterprises, view compliance and security as critical to doing business with a partner or supplier.
“By building a good security posture and being able to demonstrate that businesses can thrive, and really make them stronger from an economic perspective through good times and bad, because it helps build trust with prospects and customers quickly and easily.” customers,” says Petersen. “And by leveraging automation to get there faster and more effectively, small, medium and large companies can win more and bigger deals.”
A security and compliance platform like Vanta reduces the burden of security and compliance by pairing an automated compliance platform with a guided audit experience, from onboarding to final reports. It integrates with the widely used cloud services, identity providers, task trackers and more to automate the complex and tedious work of gathering evidence for security audits, and performs hourly checks on a system to ensure compliance stays in place .
Centralized organizational security helps companies properly engage and disengage employees, troubleshoot test failures, and manage policies and documents in one place. It provides insight into employee-related tasks such as background checks and security training. With two-way integration of task trackers, it can discover, assign and fix problems as they arise. Continuous monitoring detects activities throughout the organization that violate security policies. And a dashboard provides real-time updates and identifies where a company’s security posture and compliance stands.
Staying on top of the evolving security and compliance landscape
“Your security and compliance partners and vendors should provide you with helpful content and resources,” Pettersen says. “Companies like Vanta have a responsibility to bring you a product that helps you do this better and more successfully, but also to help you understand what good security posture is, what it means to mitigate risk and why compliance is so important . crucial for successful companies.”
If you want to learn more about what compliance standards your business requires, how to mitigate security risks while ensuring continuous compliance, how automation is changing the game, and more, don’t miss this VB On-Demand event.
- Taking compliance beyond a checkbox approach
- Securing business customers and increasing your revenue
- The financial and reputational costs of data breaches – and how to reduce your business’s risks
- Market-leading methods to continuously improve security
- Prove you meet the gold standard to prospects
- Chad McAvoyVP DevOps & CIO, Co-Founder, AdaptX
- Kaitlin PettersenVP Customer Experience, Vanta
- Tim KearySecurity Editor, VentureBeat (moderator)