Cybersecurity and its current importance within compliance management in Nicaragua

By: Daniela Matus

In recent years, the operation and interconnection between companies due to the use of internet and everything related to new technologies, has increased and with it, the strengthening of cybersecurity mechanisms.

Cybersecurity is understood as the practice of protecting information systems against digital attacks, being that the information of a company is the most important tangible asset in its operation, it is appropriate to include cybersecurity within the corporate compliance management.

Compliance management comprises all the measures, structures, and processes that a company establishes to ensure compliance with existing legal regulations. This compliance management within a company brings together different aspects, among which the element of training as a control stands out, which enters into conjunction with cybersecurity. A good compliance program must have a continuous training plan for employees on cybersecurity, whose objective is to identify, analyze, measure, and manage the risks associated with information security, as well as to establish preventive controls against the threats that may be encountered and reduce them.

Compliance management in cybersecurity issues reduces the risk of information losses in the company and prevents data from being disclosed to third parties.

In this sense, one way to establish a correct method of compliance management could be to perform an analysis through an ISMS audit (Information Security Management System) in the face of existing legal standards that may apply depending on the business line, as well as applicable international standards such as ISO/IEC 27001, which is an international reference standard that allows the assurance, confidentiality and integrity of data and information, as well as the systems that process it, thus, it will be possible to identify risks and implement controls, as well as define an action plan.

Therefore, it is essential to have a cybersecurity element within the Compliance Program, in order to prevent and detect cybercrimes that may generate information losses.