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5 Benefits of Pentesting in Relation To Compliance

5 Benefits Of Pentesting In Relation To Compliance

Pentesting is one essential part of the entire compliance process. Companies can validate their cyber risks and mitigate them using Pentesting. This is significant  for companies that deal with sensitive data and are prone to cyber attack.

Cyber threats are evolving at an alarming rate. Hence, compliant firms are increasingly pressured by investors and regulators to protect their products against data breaches such as malwares, phishing, and ransomware. While these companies are open to assess greatest technology tools to help curb these breaches, penetration testing remains a vital tool that can aid in detecting and identifying vulnerabilities that are troubling a company’s overall security posture.

Therefore, in this article, we will outline what penetesting is, why it is important, and the benefits of pentesting in relation to compliance.

What is Pentesting?

Pentesting, also known as penetration testing, is a process of testing a computer system, network or web application to find potential vulnerabilities that an attacker could exploit.

Penetration testing is more rigorous than vulnerability testing. Penetration testing stimulates an attack to exploit weaknesses in order to improve the security in your systems, while Vulnerability assessment is not enough to test systems against all the possible options of exploitation that malicious hackers have.

In a penetration test, a qualified ethical hacker is allowed to scale the cybersecurity wall the company has built and discover the weak areas. Hence, this test or upgrading are vital to the security of a company so as to meet its regulatory requirements.

Why Is Pentesting Important For Your Company?

Miri Adjiashvili’s quote and mantra, addresses the importance of continuous penetration testing by emphasizing that ‘once is not enough’.

Since threat actors always target organizations and never stop discovering new vulnerabilities, it is important for companies to implore continuous penetration testing models.

That said, these are the reasons your company needs pentesting:

● It shows you the strength of your defense

● It helps your team detect and respond to threats better.

● It gives your organization and team more confidence.

● It strengthens customer trust and loyalty.

● It gives you an opportunity to fix vulnerabilities before an attacker does.

● It uncovers major vulnerabilities and prioritizes them into critical, low and medium.

5 Benefits of Pentesting in Relation to Compliance

Pentesting in relation to compliance is in different aspects. It depends on your company’s profile and regulatory requirements.

Since every business works in different ways, some organizations may fall within the scope of regulatory standards like the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Acts (HIPAA) and SOC2 that may help mitigate threat and secure compliance.

In addition, whether regular or annual testing is performed on a company’s security system, the most vital part is to manage the risk properly and help your company meet compliance requirements.

However, the question is what are the 5 benefits of pentesting in relation to compliance? 

Here are the common benefits:

1. Risk Prioritization: Pentesting identifies your high risk vulnerabilities so you can prioritize your remediation activities.

2. Security Culture: Pentesting aids in demonstrating mature security culture within the business.

3. Meet Standards: It helps meet regulatory and compliance standards, such as PCI DSS and ISO27001 .

4. Data Security: Pentesting  shows your clients that securing their data is important.

5. Protection from financial damage: A simple breach of the security system may cause millions of dollars of damage. Penetration testing can protect your company from such damages.

Conclusion

Pentesting is a better option if you want to ensure your company is protected against cyber threats. Hence, penetration testing in relation to compliance is very important for organization security regulation.

To enhance your company’s security, it’s not only important to identify the vulnerabilities but you need to take quick action to address them. Our penetration testing service at A&D Forensics, provides clear remediation advice to help protect your systems.

To speak with our expert for a consultation about our penetration testing, you can reach out to us here.

Contributor: Loveth Odije

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LEAD FACILITATOR – CRYPTOCURRENCY INTUITION

Chioma Onyekelu is a highly skilled and accomplished professional in the field of cryptocurrency and blockchain technology. She is a Certified Cryptocurrency Investigator and Crypto Compliance Specialist, as well as a Blockchain Forensic Specialist and a teacher. She is also a public speaker and her teachings include consultations and practical solutions for African Start-ups on the best and most cost-effective way to build with compliance in mind. With a wealth of knowledge and experience in these cutting-edge technologies, she is well-equipped to navigate the complex landscape of cryptocurrency-related crimes.

In her current role as a Blockchain Forensic Specialist at A&D Forensics, Chioma is responsible for tracing and investigating cryptocurrency-related crimes, as well as training law enforcement agents and compliance officers on the latest developments and best practices in the field. In addition, she is currently pursuing a Master's degree in Blockchain and Digital Currencies at the University of Nicosia in Cyprus, further solidifying her expertise and understanding of the technology.

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He was appointed by SEC Nigeria as Member Virtual Asset and Fintech Regulatory framework drafting Committee, He is a member of Global Digital Finance’s KYC/AML working group in France and a member of the Industry led Thinktank that worked on and came out with FATF cryptocurrency Travel rule InterMessaging Standard for Virtual Assets (IVMS101) to help combat money laundering and terrorism financing using cryptocurrencies around the globe.

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