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Compliance Technology Solutions in Saudi Arabia: A Growing Need
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As the Kingdom of Saudi Arabia continues to invest heavily in its digital transformation, ensuring compliance with various cybersecurity frameworks and standards has become a top priority for organizations operating within the country.
The Importance of Compliance Technology Solutions
In this article, we will delve into the importance of compliance technology solutions in Saudi Arabia, highlighting key areas such as PCI DSS, ISO 27001, SWIFT Security Framework, National Cybersecurity Authority’s Essential Cybersecurity Controls, and SAMA’s Cybersecurity Framework.
PCI DSS Compliance: A Must for Payment Card Industry
What is PCI DSS?
The Payment Card Industry Data Security Standard (PCI DSS) is a security standard specifically designed for the payment card industry. Entities that store, process or transmit cardholder data are required to comply with PCI DSS, validate and report their compliance to card associations/brands.
Compliance Services by Versos
Versos, a Saudi-based Qualified Security Assessor Company (QSAC), offers comprehensive PCI DSS services, including gap assessment, remediation support, and certification. The company is currently managing the PCI DSS compliance of many leading financial institutions in Saudi Arabia.
ISO 27001 Compliance: A Defense-in-Depth Approach
What is ISO 27001?
Defense-in-depth is an increasingly important requirement for all organizations to improve security. Secure technology implementation and proper Information Security Management System (ISMS) policies and procedures are major building blocks in such defense.
Services by Versos
Versos offers Information Security services to medium and large organizations, with a particular focus on compliance audits as well as business process audits. The company follows a Plan-Do-Check-Act (PDCA) model that includes scoping, policy development, security architecture design, information security management forums, technical controls and standards, training and awareness, and compliance audit.
SWIFT Security Framework: A Must for Financial Institutions
What is the SWIFT CSP?
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) Mandated a security framework under its Customer Security Program (CSP) to address the growing needs of security to protect against cyber fraud and attacks. The SWIFT CSP program objectives are the detection and prevention of fraudulent activities through a set of security controls.
Compliance Services by Versos
Versos experienced consultants can help customers ensure their SWIFT infrastructure complies with the SWIFT CSP framework by conducting gap assessments, remediation, and final attestation.
National Cybersecurity Authority’s Essential Cybersecurity Controls
What are ECC?
In 2018, Saudi Arabia’s National Cybersecurity Authority (NCA) released guidelines named Essential Cybersecurity Controls (ECC). The guidelines are applicable to all public and private sector entities that either own, operate, or host critical national infrastructure (CNI).
Compliance Services by Versos
Versos experienced consultants can help customers comply with all 114 ECC controls across all ECC domains, including cybersecurity governance, cybersecurity defense, incident response, and supply chain security.
SAMA’s Cybersecurity Framework: A Must for Financial Institutions
What is the SAMA framework?
Improving security posture for financial institutions is a strategic priority to protect internal systems, customer data, and transactions. Saudi Central Bank (SAMA) released its own cybersecurity framework in May 2017 to help affiliates measure their current security posture and maturity and remediate any reported cyber security risks and gaps.
Compliance Services by Versos
Complying with the framework is mandatory for all SAMA affiliates in Saudi Arabia. Versos experienced consultants will be able to help customers reach their target SAMA framework maturity level across all framework domains, including leadership and governance, risk management and compliance, incident response, and supply chain security.
Conclusion
In conclusion, compliance technology solutions are essential for organizations operating in Saudi Arabia to ensure they meet various cybersecurity frameworks and standards. By understanding the importance of these frameworks and working with experienced consultants like Versos, organizations can improve their security posture and protect their assets from cyber threats.