Blog

What is information security compliance?

Learn the basics of InfoSec compliance and how it protects your organization’s data from cyberthreats

Katrina Dalao
Sr. Content Marketing Specialist, CIPM
May 4, 2023

What is information security compliance?
Difference between IT security and IT compliance
Types of data covered by information security
Why is information security compliance important?
5 steps to prove InfoSec compliance
Get started with Infosec compliance

Think of how much information your organization handles. On any given day, there’s likely to be multiple internal emails, customer transactions, and maybe some performance reporting — all of which are critical to your business and need to be properly secured.

Information security compliance is a proven way to ensure your organization’s data is protected. It involves meeting established regulations or standards that secure the confidentiality, integrity, and availability of information.

By setting an acceptable baseline to measure and evaluate security best practices, information security compliance helps minimize data breaches, safeguard against cyber risks, and improve your organization’s security posture.

What is information security compliance?

Information security compliance, or InfoSec compliance, refers to the process of meeting a set of standards established by a third party that ensure an organization’s data and IT assets are adequately protected. By implementing recommended controls and procedures, organizations are able to secure the confidentiality, integrity, and availability of their information.

Compliance requirements differ for every industry, location, and type of data that an organization processes or stores. For example, healthcare providers in the US are required to comply with the Health Insurance Portability and Accountability Act (HIPAA), while organizations that process credit card transactions must meet the Payment Card Industry Data Security Standard (PCI DSS).

Through a combination of evidence collection, risk assessments, and routine audits, organizations that achieve InfoSec compliance are able to safeguard against unauthorized access, data breaches, and damage to a company's profits and reputation.

What is the difference between IT security and IT compliance?

While closely related in concept, IT security and IT compliance are distinct in their functions and purpose within an organization.

Information technology security, or IT security, refers to the actual operations or control implementations, inclusive of all the practices and measures to protect an organization from cyberattacks, data breaches, or other potential threats. This can encompass a range of activities, such as installing antivirus software and firewalls, vulnerability management, or conducting employee cybersecurity training.

It’s important to note that IT security is the organization’s own initiative — not implemented to meet any third-party requirements. As such, IT security is usually the responsibility of the Chief Information Security Officer (CISO) or the overall IT security team and is a continuous effort to maintain or improve.

IT compliance, on the other hand, ensures that an organization’s IT security measures are sufficient in meeting industry standards and regulatory requirements.

However, although IT compliance is checked according to third-party directives, not every security framework is auditable or certified by a regulatory body. For example, NIST CSF, which provides industry standards and best practices to cybersecurity risks, and CIS 18, which ensures the integrity of financial reports and business practices, are both voluntary and self-assessed through internal compliance teams.

Whether IT compliance is required or voluntary, its main purpose is to prove an organization’s information security management system (ISMS) meets industry standards and show stakeholders that it’s capable of protecting all sensitive information.

Types of data covered by information security

A foundational question to ask when implementing an InfoSec program is: What type of data does your organization collect, store, process, or transmit?

Different types of data will naturally pose different types of information security risk. When it comes to security, data is usually classified according to type, risk sensitivity or vulnerability, and overall value to the organization.

Knowing the types of data collected and stored by your organization is immensely valuable in implementing an effective InfoSec program, setting controls, and ultimately complying with industry-specific regulations.

Most regulatory frameworks focus on varying levels of sensitive data, such as personally identifiable information (PII), protected health information (PHI), or a level of confidential information such as controlled unclassified information (CUI).

Personally Identifiable Information (PII)

First and last names
Address
Date of birth
Email
Social security number (SSN)
Passport number
Taxpayer identification number
Driver’s license
Vehicle plate numbers
Biometric data

Protected Health Information (PHI)

Medical records
Laboratory results
Health plan and insurance records
Appointment history
Prescriptions
Hospital admission records

Other sensitive data protected by cybersecurity compliance includes:

Racial or ethnic origin
Religious or philosophical beliefs
Political opinion
Marital status
IP addresses
Sexual orientation
Biometric data (fingerprints, facial recognition and voice prints)
Financial information (bank account numbers and credit card numbers)

Why is information security compliance important?

Organizations typically do a good job at implementing controls and managing risk. But many struggle to efficiently document these practices through their compliance program to measure and communicate their risk posture. For some markets or segments, information security compliance is a legal or regulatory requirement that must be met in order to operate (i.e., PCI DSS). However, meeting and measuring your program against applicable compliance standards comes with several important benefits:

Establish a consistent baseline to protect and secure sensitive data

InfoSec compliance programs are one of the most effective strategies to protect an organization’s sensitive data over time. As data continues to be collected and stored across networks, InfoSec compliance ensures the proper controls and policies are in place across different areas of your business to safeguard against security incidents and reduce any negative impacts in case they do occur.

Avoids noncompliance fines and penalties

In certain industries and geographical locations, failure to meet applicable compliance regulations results in significant fines, criminal charges, or other penalties. For example, the General Data Protection Regulation (GDPR), the European Union data privacy and security law, fines up to €20 million or 4% of the organization’s global annual revenue for severe infringements. Apart from regulatory penalties, organizations that suffer a data breach often have to shoulder high costs for remediation and operational disruptions.

Builds brand trust

For any organization, information security compliance is a way to earn the trust of clients, partners, employees, and other stakeholders. A recent McKinsey survey revealed 87% of consumer respondents said “they would not do business with a company if they had concerns about its security practices.” Half of the respondents also expressed being more likely to trust companies that are able to react quickly to breaches or hacks and “actively disclose such incidents to the public.”

Creates a competitive advantage

Regulatory compliance management proves an organization’s commitment and willingness to invest in the security of its customer data. This is especially important in highly regulated industries, such as healthcare and finance. By promoting a risk-based culture and taking a proactive stance toward InfoSec compliance, organizations are able to gain a considerable competitive advantage.

5 steps to prove InfoSec compliance

The path to InfoSec compliance is rarely straightforward. To help streamline the journey, here are the general steps, along with key questions to ask, to prove InfoSec compliance:

1. Scope program and assess risk

What security requirements are most applicable to your business based on: industry, geography, customer specific requirements, etc.?

2. Perform gap analysis

Where do your current operations meet standards of compliance?
What areas of the business need security controls implemented?

3. Remediate gaps

What business processes and documentation do you need to fulfill compliance requirements?
Who are the stakeholders you need to carry out these activities?

4. Manage and monitor program

How are you collecting evidence?
What is the process to validate if controls are operational?

5. Perform your audit

How do you export or share confidential information with your internal or third-party audit team
How are new requests or findings communicated?

Learn more about how to build an information security program from scratch.

Get started with Infosec compliance

The benefits of proving InfoSec compliance are more than just meeting regulatory frameworks. Organizations that prioritize implementing security policies and risk management controls can reduce the threat of cybersecurity incidents, protect sensitive data, and avoid the high costs of incident response and remediation after a data breach.

By building an InfoSec compliance program, organizations can gain a significant competitive advantage and establish trust with their customers and stakeholders.

OneTrust Compliance Automation helps businesses demystify compliance with built in content and expert guidance to scope, scale, and automate your security compliance program. Businesses using Compliance Automation can reduce their cost of compliance up to 60% with efficiencies gained. To learn more, request a demo today.

Blog

What is information security compliance?

Table of contents

What is information security compliance?

What is the difference between IT security and IT compliance?

Types of data covered by information security

Personally Identifiable Information (PII)

Protected Health Information (PHI)

Other sensitive data protected by cybersecurity compliance includes:

Why is information security compliance important?

Establish a consistent baseline to protect and secure sensitive data

Avoids noncompliance fines and penalties

Builds brand trust

Creates a competitive advantage

5 steps to prove InfoSec compliance

1. Scope program and assess risk

2. Perform gap analysis

3. Remediate gaps

4. Manage and monitor program

5. Perform your audit

Get started with Infosec compliance

You may also like

Third-Party Risk

Live Demo EMEA: Building a robust third-party risk management program with OneTrust

Join to explore how OneTrust's TPRM solution can revolutionize your third-party risk management approach. We will cover best practices for implementing and leveraging the software to minimize risks.

October 10, 2024

Third-Party Risk

APAC - Third-party risk management and due diligence: What’s the difference and why does it matter?​

Join this APAC webinar to learn the unique competencies of third-party risk and due diligence programs and examine when and how to align them to maximize the effectiveness of each.

September 18, 2024

Third-Party Risk

Third-Party operational risk: Shifting from reliance to resilience

Join this webinar to learn best practices for building a resilient third-party ecosystem and maintaining operational continuity in the face of unforeseen challenges.

August 15, 2024

Technology Risk & Compliance

Tech risk & compliance masterclass: The anatomy of a framework

Master the fundamentals of constructing robust compliance frameworks that can seamlessly integrate with organizational operations while aligning with regulatory and strategic mandates to deliver measurable insights on your progress and gaps.

August 14, 2024

Technology Risk & Compliance

Tech risk and compliance masterclass

Unlock tech risk management & compliance excellence. Master risk management, build robust frameworks, and foster cross-functional collaboration for long-term resilience.

August 07, 2024

Technology Risk & Compliance

Introducing OneTrust Compliance Automation

Join us as we explore OneTrust Compliance Automation, a holistic and fully integrated solution that streamlines and optimizes workflows, compliance, and attestation.

July 25, 2024

Trust Intelligence

TPRM Virtual Roundtable Series

Join the series of expert Roundtables on the topic of Third Party Risk Management

July 01, 2024

Third-Party Risk

TPRM privacy compliance: Questions to ask when working with third parties

Download this checklist to learn what questions to ask when designing a third-party risk management program that enables privacy compliance.

May 31, 2024

GRC & Security Assurance

Empowering your cyber defense: Key insights into the latest NIST CSF update with PwC

Join this webinar with OneTrust and PwC and gain insights into the upcoming NIST CSF update and learn how to effectively deploy it across your organization.

May 08, 2024

Third-Party Risk

Streamline compliance with the Digital Operational Resilience Act (DORA)

Download our infographic to learn about the new DORA regulation, who needs to comply, and how OneTrust can help streamline the process.

April 29, 2024

Third-Party Risk

5 Best practices for increasing resilience when working with third parties webinar

Learn how to leverage financial, operations, compliance, ESG, and cyber scores to drive resilience insights and detect possible supply chain disruptions.

April 18, 2024

GRC & Security Assurance

Certification Automation live product demo

Learn how OneTrust Certification Automation can help you scope, track, and manage security compliance holistically across complex operations.

April 10, 2024

Third-Party Risk

OneTrust third-party management demo video

Watch this demo video to learn how OneTrust third-party management helps organizations create resilient, secure, and scalable third-party ecosystems.

April 04, 2024

Third-Party Risk

6 steps to effective third-party risk management

See the path to managing third-party risk effectively with a checklist that outlines the six steps for a sound TPRM program.

March 29, 2024

Third-Party Risk

TPRM privacy compliance: 10 best practices when working with third parties

APAC - Third-party risk management and due diligence: What’s the difference and why does it matter?