Michelle Drolet is CEO of Towerwall, a specialized cybersecurity firm offering compliance and professional cybersecurity solutions. Read Michelle Drolet's full executive profile here.
Cyberattacks and data breaches are no longer merely an IT problem. They have the potential to cause business disruption, financial damage and reputational harm. Data theft can introduce a raft of legal and data privacy implications for organizations. According to IBM, the average data breach now costs organizations
On the other hand, a “compliance risk assessment” is a comprehensive review of all the industry standards, rules and regulations that a particular organization is subject to . Examples of these include HIPAA, NY DFS, PCI, GDPR and other privacy/security regulations. This is inclusive of how well-equipped the organization is to meet these rigid mandates and obligations.
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