The Cybersecurity Guide to Governance, Risk, and Compliance

CHAPTER 24Addressing and Remediating Regulatory Findings

“When faced with regulatory feedback and findings, approach them as valuable insights rather than obstacles. Embrace the opportunity to learn, adapt, and continuously improve your cybersecurity measures.”

Addressing and rectifying regulatory findings involves several critical steps. The first stage is understanding regulatory penalties and the best practices to avoid them. This is followed by managing regulatory feedback and results and formulating a remediation plan. Allocating resources and responsibilities for remediation is another key step in this process. The path then leads to monitoring progress and compliance and reporting to the regulator. Individuals can learn how to constructively respond to regulatory findings by covering these areas. Furthermore, they can allocate resources appropriately and manage the remediation process effectively. The goal is to provide a clear path toward managing regulatory issues and completing remediation and compliance tasks.

RECEIVING AND REVIEWING REGULATORY FEEDBACK AND FINDINGS

Managing regulatory findings is a comprehensive process that necessitates a deep understanding of the feedback and findings provided by the regulatory bodies. This journey of experience commences with identifying the types of regulatory findings. These findings vary widely in nature and severity, from minor observations requiring minimal corrective action to serious noncompliance issues threatening ...