May 5 2008   8:52PM GMT

Five Myths About Compliance

Arian Eigen Heald Arian Eigen Heald Profile: Arian Eigen Heald

Compliance: The state of conformity of a regulated party (including a corporation, institution, individual or other legal entity) with a legislative or regulatory requirement or a recognized standard.

1. If we’re compliant, that means we’re secure.

Would that this were so! Unfortunately, the letter of the law is usually far less than the spirit of the law. If Management isn’t invested in securing the entire network, they often settle for compliance with existing laws and regulations. Having a secure environment takes a lot of resources, time, and investment in infrastructure processes. Compliance is only the beginning.

2. We have {enter name of software here} so we’re compliant.

I’m sorry, but there is no such software. There’s plenty that give out some really pretty reports and provide some oversight, but that’s very different from securing an enterprise. Usually, multiple layers of software and good people are required.

3. Our vendors tell us they’re compliant, so our information is secure. If they get broken into, it won’t impact us.

Ultimately, it’s YOUR data, whether it resides on a third-party’s web site or inside your network. If they are broken into and your data is stolen, that is what the newspaper will report. Your customers will blame YOU for not monitoring the vendor more closely. You can outsource functions, but not responsibility.

4. Everybody in my organization is trustworthy.

The “fraud triangle” consists of the following elements: Incentive, opportunity and capability. Anyone can find incentive if the opportunity and capability exists. Insider attacks are far more effective than external hackers. Organizations of any size that don’t do internal monitoring are asking for trouble – they’ve provided opportunity, incentive is plentiful and often the hack takes very little capability. If people know they are being monitored, they will think twice.

5. Compliance only happens once a year.

If you have strong security controls, policies and procedures in place, your auditors won’t spend half as much time on site, the audit will not require hours and hours of extra work and you can be quite pleased with yourself at the end of the day. Isn’t it great when you give the auditors what they’re looking for and they go away? If all that stuff is working, you have a secure environment and an audit is a non-event.

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