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The advent of a tech savvy business environment has made communication and sharing of information across geographical boundaries easier. Emails, blogs, web based applications, and social networking sites have paved way for a more innovative workspace. However, these technologies also expose the organizational data to a variety of information security risks, data breaches and leaks. Cyber attacks and data leaks pose huge liabilities to the organization. According to McAfee’s Report, data theft, trade secrets and cyber crimes have caused business houses to lose more than $1 trillion annually.  Organizations then should work out adequate measures and compliance management policies to counter attack these problems.

The term ‘Compliance’, within the industry, relates to conforming or agreeing to the copyright laws in regard to software and other intellectual property and also to the IT security and privacy regulations governing the industries. Government regulations such as HIPAA, SOX and the GLB Acts require changes to network security infrastructures and IT procedures. However, IT security compliance in all these Acts involve steps to ensure protection of sensitive information. Actions that can ensure the safety of electronic data against security breaches are:

• Access and Authentication policies involving use of strong password, file permissions, file encryption, and well configured firewalls will protect unauthorized access.

• Implementation of IP and wireless security to protect regulated data when it’s transferred across the network

• Account policies strictly defining access and control of regulated data

• Data protection plan against viruses, Trojans, worms, spyware, and other malicious software and a disaster recovery plan.

But large business concerns face a diversity of security needs with identity and access management tools being the biggest security concerns. To combat this threat management environment, organizations need an integrated security monitoring solution, which would allow their users access to the applications while safeguarding the organization from security threats, and data leaks.

Cloud computing technologies have helped service providers to design and develop automated and on-demand integrated IT compliance and security management systems. These solutions provide the client organizations, an end-to-end security monitoring system, integrated with IT Governance, risk management, and compliance solution with options of deploying it on-premise or as Software-as-a-service.

Being completely automated and integrated, the IT security compliance solution has a built-in country- specific, ready-to-use framework, to support a number of compliance audit, and risk management needs. With an integrated dashboard that supports cyber security and PCI Compliance, flexibility to adopt new governance requirements, alert processing and context based inference engines, what you get is a complete threat management solution.

Also read on – HIPPA Healthcare