In this live episode of the Virtual CISO Happy Hour, our cybersecurity experts discuss the critical steps companies must take to navigate the complex landscape of data privacy. They discuss the importance of establishing regular data inventories and minimization efforts to ensure that only business-critical information is retained, thereby reducing the attack surface for threat actors.
The conversation shifts to the pitfalls of treating privacy audits as one-off events rather than ongoing processes. Our experts argue for the automation of data control operations and the continuous evaluation of their effectiveness, which is crucial for maintaining compliance and achieving certifications like ISO or SOC 2.
The episode also tackles the misconception of ‘cyber risk,’ advocating for a broader understanding of business risk and its real-world consequences. The discussion highlights the importance of aligning cybersecurity strategies with business KPIs and KRIs to effectively communicate the value of security measures to executives and boards.
Furthermore, they explore the role of CISOs in control design and effectiveness, emphasizing collaboration with CFOs to leverage their experience with regulatory compliance for more nuanced and effective control strategies. They also touch upon the significant cost savings that can be realized by reevaluating and updating corporate risk registers in response to changes in data storage and access patterns.
This episode is a must-listen for any professional involved in data privacy and cybersecurity, offering practical insights into making informed decisions that align with both security and business objectives.