Connecticut Leads the Country With Cybersecurity Rules
Cybersecurity rules have been on the rise across the country–and right now, Connecticut leads the country in those critical regulations. Protecting businesses and consumers alike online has become more critical than ever before, particularly with the rise of cyber threats this year. Fortunately, cybersecurity protections and regulations are also improving across multiple organizations–and Connecticut is out to ensure that its businesses are able to meet those critical cybersecurity regulations.
Incentives for Cybersecurity Controls
Managed Security Services Provider provides cybersecurity services to a wide range of organizations–and now, Connecticut is offering incentives to companies that choose to use those MSSPs or otherwise implement those vital cybersecurity protections. By working with an MSSP, Connecticut businesses can have confidence that they have taken every step necessary to mitigate threats and improve their overall cybersecurity–and according to the new regulations, if they take those steps and institute those protections, Connecticut businesses will receive financial incentives.
Right now, there are laws that force companies to pay fines and penalties if they are breached, particularly if a hacker gains access to confidential customer information. The legislation introduced by Connecticut indicates that if the business is breached despite putting those protections in place–that is, meeting those comprehensive security levels suggested by an MSSP or other provider–the business will not have to pay those fines and penalties. Essentially, working with an MSSP and ensuring that the business has adequate cybersecurity protection says, “Hey, we’ve done our part, and we kept up with all the things we were supposed to do; this breach just happened anyway.”
Cybersecurity protections do cost money to implement and keep running. However, it can ultimately lead to considerable cost savings–especially with models like the Connecticut cybersecurity model.
The Advantages of Connecticut’s Policy
According to Connecticut’s policy, the biggest benefit is that companies that have faced immense data loss that would ordinarily result in serious penalties would not have to worry about those penalties if they have done everything they can to protect themselves. Essentially, this law acknowledges the simple truth that it is difficult, if not impossible, to create cybersecurity protections that will completely block any threat from the outside. Malware grows daily, and hackers find a new way to take advantage of vulnerabilities that haven’t yet been identified by the greater security community. Many MSSPs, including Alvarez Technology Group, let their clients know that it’s not about creating an impenetrable wall as much as it is about ensuring that you have a full response system that will allow you to protect your business as much as possible, then react quickly in the event of a threat. An effective response plan might, for example, include how you’ll react to segment an infected portion of your network, how you will find out what information has been compromised, and even how you might notify customers of a breach.
Connecticut’s policy helps acknowledge this necessity–and offers incentives for businesses that are willing to go the extra mile.
Spreading Cybersecurity Awareness
California and several other states are also looking at implementing a similar policy. In fact, it’s expected that in the near future, the federal government will institute similar policies to help encourage a nationwide increase in overall cybersecurity standards. These standards are rapidly spreading across the nation as an increasing number of lawmakers and businesses alike recognize the need to adapt their requirements in order to meet the needs of businesses facing an increasing level of cyber threats.
Are you looking for strategies that will allow you to enhance the cybersecurity protection around your business and help you take advantage of those incentives? Contact us today to learn more about how our services can help you.