Understanding legal considerations
One of the biggest threats to an enterprise is the risk associated with a lack of compliance with laws and regulatory authorities. Legal regulations can be complex and may need the expertise of trained legal staff knowledgeable in these matters. Litigation and fines can be a possible consequence. There may also be the risk where the regulatory authority revokes the business's Authority to Operate (ATO), certainly in areas such as nuclear power or finance. We will take a look at some important factors.
Due diligence
An organization must understand all the regulatory and legal requirements when operating within strict regulatory frameworks. Part of the responsibility is to ensure that the business takes steps to assess what mitigations and controls should be implemented to protect information systems. A simple way to remember due diligence is to think, What are my responsibilities? If you are storing sensitive data, you should assess all...