Top GRC Trends to Look out for

By CIO Applications| Tuesday, July 28, 2020

Frequent review and assessment of an organization’s compliance program should become the industry standard to navigate the risky and obscure data security and privacy landscape.

Fremont, CA: Data security and data privacy are becoming more complicated. However, advanced security tools will help change the game and make it easier for businesses to keep up with their obligations.

Compliance and Risk Management Require Technology to Navigate Across State Lines

Data privacy is one of the biggest risks when it comes to security, and enterprises need to adapt to a patchwork of frameworks across state lines, which is hard order to follow when they mainly depend on people and manual processes. Organizations need to integrate technology like robotic process automation, AI, and machine learning (ML) to facilitate and automate the internal process so that they can keep up with regulatory change and achieve compliance efficiently and reliably.

Cyber risks are also a growing concern, and AI and ML can help organizations identify, analyze data security and data privacy risks, and meet legal obligations. Utilizing these technologies will help keep businesses up to date, prevent cyber risks, and meet the data privacy requirements.

Demand for IT Security, Privacy, and Compliance Talent

The need to tackle cyber threats and the challenges to hiring the right talent for businesses can make things difficult. With the evolving needs of abilities required for security and compliance leaders, it is becoming more challenging to find the right talents.

An efficient chief information security officer (CISO) needs to be experienced in IT risk assessment methodologies, skilled in multiple IT applications, capable of getting new technology, and acquire effective communication and leadership skills.

Strategies that emphasize only on hiring to meet the challenges of cyber risk and data privacy challenges are not enough to reduce the risks and protect the organization. CISOs’ strategies also need to involve assessing and adopting new technologies to automate incident response and compliance management.