Staying informed about all of the cyber security compliance standards is essential to keeping your company safe from hackers. Read on to learn about the various steps you can take to stay up to date with your industry’s compliance standards.
Keeping the lights on across America is no simple task. It takes more than a thousand operators—spanning the four, interconnected, transnational power grids—all working together.
The North American Electric Reliability Corporation (NERC) is a not-for-profit international regulatory authority that ensures the security of bulk power systems (BPS) across all of North America. NERC’s primary responsibilities include defining and enforcing standards that safeguard against physical, cyber, and other threats. These protections keep power flowing to all North American populations.
With the astounding amount of new tech available to both individuals and organizations, it’s hard for industries to keep up to date with the cybersecurity demands that arise from their implementation. The Center for Internet Security Critical Security Controls (CIS CSC), is a constantly updated framework that is designed by the wider cybersecurity community that tackles this very issue.
It’s not only merchants that are affected by PCI DSS 4.0, but payment facilitators will also need to make changes to their cybersecurity protocols. Payments Facilitators (PayFacs) must follow the same procedures as companies to ensure that personally identifiable information (PII) is secure from breaches.
There are daily risks to your business. Technology has improved how business is conducted, but it has also opened the door for cybersecurity risks. There are standards and regulations designed to prevent hackers that organizations must be in compliance with. However, it’s not easy identifying all potential vulnerabilities in a system or network.
Performing a factor analysis of information risk (FAIR) is an important proactive security measure. The assessment looks at the security controls and potential vulnerabilities in the network’s cybersecurity framework. Identifying these threats before a breach occurs will save businesses money and time in fines and penalties.
Without the foundation of well-thought standards and procedures to protect your company, you are putting it at risk. For some companies, it can be difficult to figure out which standard is the best for them. Luckily the North American Electric Reliability Corp. (NERC) provides standards that help with exactly that. It helps you prepare for any possible cyber threat coming your way. And you do not have to struggle to understand what each standard asks of you.
The old Payment Card Industry Data Security Standard (PCI DSS) v3.2.1 is still in effect. The new PCI 4.0 standards are not slated to be effective until the end of 2020, at the earliest. Again, the current PCI 4.0 draft isn’t final, and the 3.2.1 is still the standard to go to for compliance today and maybe for a long time. There will also be a period of time after the new standards are published when businesses will be given time to switch over to the latest version of the PCI DSS after its public release on the PCI Security Standard Council website.
The EU US Privacy Shield is the latest in data protection frameworks to manifest since the implementation of the GDPR. In an agreement between Europe and the United States, to foster positive transatlantic trade, the framework has been developed to facilitate the easier transfer of personal data from the EU to the US.
When thinking about whether your company would benefit from Privacy Shield certification the most important question to answer is: is my company under the jurisdiction of the Federal Trade Commission (FTC) or the Department of Transport (DOT)? If the answer is yes, then the Privacy Shield could be of real benefit to your organization when dealing with the transatlantic transfer of personal data from the European Union to the U.S.
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