Penetration testing offers two important benefits — security and regulatory compliance. Rising cybercrime, such as the Equifax breach, has affected millions of Americans who now insist on knowing that companies will keep their data secure. And government regulators are happy to help them do it by penalizing companies that do not comply with federal guidelines.
Organizational leaders must understand that comprehensive, risk-based decisions are vital to balancing the force multiplying effects of information systems with the risk of those systems being inherently vulnerable to exploitation. If you want to prevent or reduce the likelihood of an attack, you have to risk management strategy: how your organization will frame, assess, respond to and monitor risk over time.
GDPR will affect any business that has access to, or has the ability to process, personal data of any EU resident. In other words, if your business sells small kitchen tools online, and you sell to European customers, your data collection and privacy practices will be impacted by GDPR. This regulation will become mandatory for any company that deals in Europe, regardless if the business is located inside or outside the European Union. GDPR is slated to go into effect on May 25, 2018.
Audits are necessary to determine whether or not an individual, company, or organization is meeting the requirements of a specific set of regulations or controls. Since certain regulations can impose steep financial penalties or other negative sanctions for non-compliance on both organizations and employees, it is extremely beneficial for organizations to routinely have compliance requirements verified and conduct audits to ensure continued compliance.
Penetration testing – sometimes called white-hat hacking – is how companies manage risk, increase business continuity, and protect clients from data breaches. In highly regulated industries such as healthcare, banking, and service industries, it also helps companies stay compliant. SOC 2, HIPAA, and PCI DSS are three of the main regulations that require penetration testing.
PCI version 3.2 changes include penetration testing every six months, replacing SSL with TLS, having a formal process for detection and reporting critical security control failures, and multi-factor authentication for admin accounts.
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