How Compliance With Cybersecurity Frameworks Improves Business Functioning

Compliance with cybersecurity frameworks can improve business functioning by reducing the risk of data breaches, protecting customer information, and enhancing reputation. Frameworks such as NIST, PCI DSS, GDPR, CCPA, and ISO/IEC 27001 provide guidelines for managing cybersecurity risks and implementing appropriate security controls. Compliance can demonstrate a business’ commitment to cybersecurity and privacy, which can improve customer trust and loyalty. 

We spoke to business heads across industries and here’s what they had to say on the adoption of cybersecurity frameworks and how it has had a transformative effect on their businesses. 

We are a small UX agency, but with blue-chip clients like eBay and Shopify, as well as FS clients like NatWest. We needed to improve our security infrastructure in order to comply with the requirements of some of our customers’ master services agreements (MSAs). 

I had also noticed someone had hacked several smaller clients, sometimes with devastating consequences. And we had experienced hacking attempts through WhatsApp messages to new starters and of our website.

It has taken a lot of effort to implement the required policies, and most importantly the practices. It has also cost a lot, in terms of new software, upgrading our Office 365 licensing, and adding a new IT partner and an external consultancy. But it has been worth it.

We now have a level of understanding and control we have never had. It has improved not only our security but also our business processes. Going through this process has made me realize cybersecurity is a crucial area I should focus on as CEO.

Paul Blunden, Founder and CEO, UX247 Ltd

“Compliance with cybersecurity frameworks has enabled us to create awareness of the importance of data privacy and the implementation of other cybersecurity measures. This awareness has not only helped to improve the measures we implement to protect our customer data but has also enhanced their awareness of threats, thus providing more protection for our company systems.”

Liam Liu, Co-founder and CMO, Parcel Panel

“Compliance with frameworks such as ISO 27001, SOC 2, and GDPR has helped us improve our data protection practices and establish a trust-based relationship with our stakeholders. 

In addition, the implementation of PCI DSS has enabled us to safeguard our customers’ payment card data and enhance their confidence in our services. Compliance with these frameworks has not only improved our cybersecurity posture but also helped us stand out in a competitive marketplace by demonstrating our commitment to safeguarding our customers’ data.”

Basana Saha, Founder and Editor, KidsCareIdeas

“Adopting cybersecurity frameworks reminds organizations that security is a priority and that other vital improvements can be achieved by prioritizing security. It is not only important to secure our company’s data but also to conform to global standards and regulations, thereby building clients’ trust. And with clients’ trust, many doors for growth and development get opened.”

Marco Genaro Palma, Co-founder, TechNews180

“Complying with cybersecurity frameworks has had a positive impact on business by improving our ability to protect data assets and networks from potential threats, maintaining the security of customer information, and ensuring compliance with industry standards for IT systems.

Implementing these frameworks has helped increase visibility into our operations and help identify potential risks.”

Aviad Faruz, CEO, FARUZO