And the Compliance Oscar Goes To...

Spring is in the air, which is the perfect time for new beginnings, reestablishing goals, and crushing the competition. Whether you’re celebrating the beautiful new blooms, or the Best Picture Winner, we want to encourage you to take a look at your organization's security and compliance goals for 2024. What can you do to start working towards achieving them? In our humble opinion, a great place to start is by assessing your risk management processes!??

In this month’s issue of The Readiness Report, you’ll learn:?

?? Why risk management is essential to your company’s success?

?? How you can improve your org’s risk management process?

?? How you can be a winner this award’s season??

How You Can Win a Compliance Oscar of Your Own?

Who do you think would be better at managing risk, Barbie or Oppenheimer???

Oppenheimer may seem like the obvious choice, with his high-pressure and extremely technical career, however, Barbie has over 200 careers, so we think she’s pretty good at everything she sets her mind to.?

Regardless of who you think would make a better security professional, we wish both of these films the best of luck this weekend at the Oscars! But, more importantly, we want to dive into how you can be a winner this year by strengthening your risk management processes.??

Audit Readiness: Don’t Get Snubbed because of Your Risk Management Strategy??

There’s been a lot of talk about actors and directors getting snubbed this awards season for one reason or another. Whether you agree with the Academy’s choices or not, we would hate for you to get snubbed of any business opportunities of your own due to your risk management processes not being up to par with your competitors.??

In today’s ever-evolving threat landscape, risk management is more important than ever. No matter if you’ve been managing risk for years or you’re just starting to improve your organization’s risk management program, here are a few risk management best practices that we think are important for anyone to consider:?

1. Involve Stakeholders?

Each of the stakeholders within your company represent different roles and responsibilities within your organization, giving you a holistic representation of your business and the risk associated with its different sectors.??

1. Set the Tone from the Top?

Management support is essential in creating risk awareness and a strong risk culture throughout the entire organization.??

1. Prioritize Communication??

Without good communication throughout the whole organization, risks can fall through the cracks, leading to major security events and breaches.??

1. Create Clear Risk Management Policies?

Having clear risk management policies in place will help identify all potential risks that could affect your business, the likelihood and impact of those risks, how to mitigate and prevent those risks, and how you will monitor and manage new risks.??

1. Establish Continuous Risk Monitoring?

Clear monitoring processes must be established to ensure that any and all risk mitigation efforts are working and effective.?

To learn more about these 5 risk management best practices, make sure to check out the full blog here.??

We know that managing risk can feel like an overwhelming and never-ending task, so if you need help getting started or have questions about your organization’s risk management strategy, connect with a KirkpatrickPrice expert today.??

How to Be a Front Runner: Get Your Risk Assessment Reviewed for Free?

One of the most important parts of risk management is undergoing regular risk assessments! Without a risk assessment, you won’t be able to tell where your vulnerabilities lie and where your security team’s focus needs to be directed. But how do you know if your risk assessment is doing what it needs to do???

Start your risk assessment review today!

The More You Know??

So, you’ve completed your risk assessment, but what now? How is your organization going to treat your risk in the way that’s best for you? In this short video, one of our expert auditors, Shannon Lane, breaks down four ways you can handle your org’s risk.??

Privacy Notifications?

Keeping you up to date on all of the latest laws and regulations.?

We know that it can feel overwhelming to try to keep up with the current, upcoming, and updated privacy laws popping up all over the US. States across the country are developing data privacy laws and regulations to keep their residents’ personal data safe and secure, and while this is a great initiative, it’s understandable that organizations might fall behind on staying informed of the latest laws their expected to comply with.??

Luckily, the International Association of Privacy Professionals (IAPP) has a resource to help with this! In the US State Comprehensive Privacy Laws Report—Overview you’ll have access to an overview of the state privacy laws, including this US State Privacy Legislation Tracker. We hope this resource is helpful as you work to stay on top of new and existing privacy legislation, but, as always, if you need help developing or have questions regarding your organization’s privacy program, connect with a KirkpatrickPrice privacy expert today.??

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KirkpatrickPrice is the leader in cyber security and compliance audit reports. Our experienced auditors know audits are hard, so they take complicated audits such as SOC 1, SOC 2, PCI DSS, HIPAA, HITRUST, GDPR, and ISO 27001 and make them worth it. The firm has issued over 10,000 reports to over 1,200 clients worldwide, giving its clients trusted results and the assurance they deserve. Using its Online Audit Manager, the world’s first compliance platform, KirkpatrickPrice partners its clients with an expert to guide them through the entire audit process, from audit readiness to final report.

Connect with an expert?today!

Header image source: @JustRalphyyy on Twitter?