Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Perimeter

5/17/2012
02:42 PM
50%
50%

Manage Risk As A Strategy, Comply With Regulations As A Tactic

Compliance alone should never be the only goal

Good business management makes it easier and safer to run a business correctly. And as a benefit, this makes compliance with applicable regulations and laws easier and natural, not merely a huge distraction.

I have a prospective client I have met with occasionally for a couple of years. They are in constant agony about how they can meet regulation requirements, deal with the associated cost, and find the time required to focus on compliance. At the same time, many of their business processes and computer systems are a patchwork fraught with very real risks and expensive manual processes. Their mindset is to find a cheap compliance approach to "add on" to their current systems and work procedures.

I have failed to get this prospective client to recognize that, while compliance is very important, the biggest risks to business survival are their current processes, procedures, and systems. They are literally only one big internal failure away from closing the doors for good. In the meantime, they keep searching for an unrealistically inexpensive compliance plan that will fit their one-of-a-kind approach to business.

These business leaders have an emotional need, not a logical approach. Out of habit, they feel safe with their current operations and have become blind to the dangers. With these obstacles firmly in place, it’s clear that nothing is going to change until it’s too late.

The irony of this situation is that, if this company leadership truly addressed their operational risks and flawed processes, almost every one of their compliance issues would be addressed with little extra effort or cost.

For many organizations, I recommend using compliance as a guide to improving their businesses. Regardless of your industry or applicable laws and regulations, compliance efforts include a focus on security, processes, procedures, documentation, oversight, and planning. By working to become compliant, or by maintaining compliance, businesses actually have a great guide to addressing many of their business risks. The guidelines for compliance in any industry can give businesses discreet actions to take, measurable outcomes, and documented metrics.

Regulations and laws can seem like a costly burden for organizations. There are costs of time, attention, and money to ensure compliance. We find the best-run companies understand that compliance with their applicable requirements is not an add-on task. In fact, they don’t even consider compliance to be an end goal. The best-run companies understand compliance is a valuable added benefit of simply running their businesses well.

Glenn S. Phillips, the president of Forte' Incorporated, works with business leaders who want to leverage technology and understand risks within. He is the author of the book Nerd-to-English and you can find him on twitter at @NerdToEnglish.

Glenn works with business leaders who want to leverage technology and understand the often hidden risks awaiting them. The Founder and Sr. Consultant of Forte' Incorporated, Glenn and his team work with business leaders to support growth, increase profits, and address ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
News
Inside the Ransomware Campaigns Targeting Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/2/2021
Commentary
Beyond MITRE ATT&CK: The Case for a New Cyber Kill Chain
Rik Turner, Principal Analyst, Infrastructure Solutions, Omdia,  3/30/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-30477
PUBLISHED: 2021-04-15
An issue was discovered in Zulip Server before 3.4. A bug in the implementation of replies to messages sent by outgoing webhooks to private streams meant that an outgoing webhook bot could be used to send messages to private streams that the user was not intended to be able to send messages to.
CVE-2021-30478
PUBLISHED: 2021-04-15
An issue was discovered in Zulip Server before 3.4. A bug in the implementation of the can_forge_sender permission (previously is_api_super_user) resulted in users with this permission being able to send messages appearing as if sent by a system bot, including to other organizations hosted by the sa...
CVE-2021-30479
PUBLISHED: 2021-04-15
An issue was discovered in Zulip Server before 3.4. A bug in the implementation of the all_public_streams API feature resulted in guest users being able to receive message traffic to public streams that should have been only accessible to members of the organization.
CVE-2021-30487
PUBLISHED: 2021-04-15
In the topic moving API in Zulip Server 3.x before 3.4, organization administrators were able to move messages to streams in other organizations hosted by the same Zulip installation.
CVE-2020-36288
PUBLISHED: 2021-04-15
The issue navigation and search view in Jira Server and Data Center before version 8.5.12, from version 8.6.0 before version 8.13.4, and from version 8.14.0 before version 8.15.1 allows remote attackers to inject arbitrary HTML or JavaScript via a DOM Cross-Site Scripting (XSS) vulnerability caused ...