Checklist: Navigating SEC cybersecurity requirements
ARTICLE | January 09, 2024
Authored by RSM US LLP
Actionable steps for organizations
In light of the SEC's broadened cybersecurity requirements, your organization must adopt a proactive stance to achieve compliance and enhance its overall security posture. Consider the following crucial steps to guide you on this journey:
Conduct comprehensive asset inventory and management
- Know thy assets: Begin by meticulously inventorying all assets within your environment. These assets include hardware, software, data repositories and more.
- Invest in tools and processes: Recognize that asset management can be challenging. Invest in suitable tools and establish efficient processes to maintain an up-to-date inventory.
- Validation is key: Regularly validate your asset inventory to ensure completeness and accuracy. A comprehensive view of your assets is foundational to effective cybersecurity.
Implement a unified control framework
- Streamline your controls: To manage diverse requirements effectively, adopt a unified control framework such as NIST or ISO.
- Mapping all requirements: Map SEC cybersecurity requirements and other relevant regulations into a single framework to avoid duplicative efforts and streamline compliance efforts.
- Tailor controls to risks: Not every part of your organization requires the same level of security. Apply the control framework in a risk-based manner, ensuring that critical areas receive the highest attention.
Balance compliance and protection
- While the SEC focuses on incident response and monitoring, remember to maintain a balance by comprehensively securing your organization.
Implement continuous control assessment and monitoring
- Sustain control effectiveness: The journey doesn't end with compliance; it's an ongoing effort. Regularly assess and monitor the effectiveness of your controls.
- Leverage automation and GRC tools: Employ automation and governance, risk and compliance (GRC) tools to streamline control monitoring. Automation helps ensure adherence to rules and protect your organization effectively.
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This article was written by Matt Franko and originally appeared on 2024-01-09.
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