As organizations continue to operate under strained budgets and resources, departments investing in and upgrading their information security programs must do so strategically. Whether you are looking to migrate your InfoSec program to a cloud platform or are beginning the process of implementing an IT security framework or obtaining a certification, considering the environment in which you house your data is essential to your success.
“The hesitation to adopt cloud computing solutions due to security concerns will now yield to the business resiliency potential that cloud computing can provide.”
- The CPA Journal
Businesses are placing greater reliance on cloud-based technologies for their potential to help promote social distancing by reducing dependency on processes that can be hindered by health-related protocols. Not only do cloud applications enable remote working, but cloud providers are also industry leaders in secure infrastructure, built-in access controls, data protection, and monitoring (mature cloud services typically hold certifications such as ISO 27001, PCI DSS, and SOC 2, among others) — meaning clients can expect their data to be protected under the highest security standards. Furthermore, cloud applications are often designed to be integrated with other enterprise applications, enabling an organization to sync its IT risk and controls data with other business functions’ data, contributing to a more holistic, enterprise-wide view of risk.
Investing in a cloud-based solution can be a cost-effective and efficient way for SMEs with low-maturity InfoSec programs to implement a compliance program based on well-recognized frameworks and resources. In contrast to managing your compliance program manually in spreadsheets, shared drives, and emails, a mature, purpose-built GRC solution is positioned to drive efficiency, visibility, and collaboration with stakeholders, right out of the box. A purpose-built, cloud-based GRC platform can enable you to:
Furthermore, organizations that are transitioning their InfoSec programs to a cloud-based solution can also realize efficiencies and benefits from migrating their data to a centralized GRC platform. Some of these benefits include:
As businesses look ahead to 2021, developing and fortifying a risk-based InfoSec program is essential for supporting business resilience and driving growth. Taking the time to vet an intuitive and easy-to-use solution to manage your information security program data can be a force multiplier that enables a business to accelerate its InfoSec capabilities without hiring more resources — which translates into efficiency gains and cost savings. This is especially important in light of industry concerns regarding continued risk volatility and unpredictability in the new year. The risks of negligence — in the form of data breaches, reputational damage, and regulatory fines — are far too costly to gloss over. Ensuring your InfoSec program is housed in an environment that is optimized for efficiency, visibility, and collaboration will set your organization up for success — and leveraging a purpose-built, cloud-based platform is one of the best places to start. Learn how AuditBoard’s integrated information security compliance solution can help you drive revenue for your organization.