What is the role of cyber security in Governance risk and compliance?

Governance risk and compliance is a system companies use to structure governance, risk management, and regulatory compliance. This can be a form of risk management and is a structured way to align your business goals with IT, while managing cyber security risks and meeting all regulatory requirements.

Why is Governance risk and compliance important?

Governance risk and compliance is important to help mitigate a range of risks (privacy risks, financial risks, and cyber risks) while giving your organisation structure and assisting you in prioritising and allocating resources to key business processes.

What are examples of Governance risk and compliance risks?

Examples of Governance risk and compliance risks include: Inappropriate data usage Reputational risk caused by data leaks and sensitive information leaks Privacy risks to customers and staff of your company Financial risks Cyber risks

Governance Risk and Compliance

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Business resilience We can embed a cyber response into your business resilience plans or looking to build a BCP from scratch.

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Risk/Compliance assessment Understand the existing risks in your environment and get recommended remediation plans.

Risk/Compliance management Our team can help roll-out your remediation plans and manage identified risks.

Security metrics and reporting We define and measure policies and standards to ensure progress is accurately monitored.

Security support Our team can support audits against all major frameworks such as NIST, ISO and Essential 8.

Modern solutions for modern times: GRC cyber security services

Interactive’s GRC cyber security services provide peace of mind knowing that your regulatory requirements are being met.

Pragmatism is the principle at the heart of our approach. Organisations don’t operate in ivory towers – we know you need to innovate and invest appropriately while balancing your obligations.

A typical engagement starts with internal audits and a risk assessment against the appropriate framework performed by our compliance team. We speak NIST, CIS Compliance, ISO27001 but can work to tailored frameworks and make recommendations when required. This initial fact-finding then helps us build a roadmap of focus areas with the highest risk and lowest maturity.

In addition to documented evidence of compliance adherence, our approach to governance helps strengthen your operational risk management, as well as governance processes. We work to prioritise your compliance activities and offer you practical solutions based on data-driven decisions.

Why Interactive for cyber security governance?

We speak in a language the board understands

Directors and Board Members are personally liable for ensuring robust GRC processes are in place and followed. However the translation of technical and regulatory topics to a non-technical audience can be a source of mutual frustration and misunderstanding. Well-versed in this arena, our team can act as your spokesperson to the board and help your team navigate board-level communication.

Pragmatic approach

An effective program needs to ensure that the investments and security controls are at an optimal level to support both the business and IT strategy. We adopt a realistic approach that balances your operating reality with your need to meet regulatory and compliance requirements.

Documented, evidenced

Insurers, governments and regulatory bodies are increasingly driving specific regulation into the private sector. It’s more important than ever to receive advice on your organisation's security controls, alongside documented evidence of adherence and strategies for improvement.

The right frame of mind

We can map into any framework - NIST, CIS Compliance, ISO27001. If you don’t have a specific framework in mind, we typically adopt a NIST-based approach that offers several tailored attributes.

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