Legal and regulatory compliance

In a dynamic world, laws and regulations are subject to change depending on a range of factors, such as the industry, country, and type of information. In some industries, companies are well versed in the rules, while in others, they are just learning about them for the first time. Because of the frequency and significance of security-related incidents, governments around the world have realized the importance of safeguarding people and businesses from the misuse of sensitive information. This is a constantly evolving topic since new laws and regulations are required as technology evolves.

Without adequate security measures, a company is vulnerable to cyberattacks, hefty fines or penalties imposed by authorities, legal action taken because of carelessness, and unwelcome media attention that could undermine the company’s reputation, brand, and overall worth. There should be a clear definition and documentation of all statutory, regulatory, and...