Bridging the Gap Between Regulation and Risk

In our cybovent panel discussion, three senior cybersecurity experts came together to explore the evolving relationship between regulatory compliance and risk-based security strategies. The discussion challenged the common misconception that compliance alone ensures security, emphasizing that true protection requires a risk-informed approach tailored to an organization’s specific threat landscape.

We discussed the strategic value of compliance as a catalyst for action—particularly when new regulations create momentum for visibility, budget allocation, and executive engagement. Our guests shared their real-world experiences of how compliance requirements can serve as leverage to align business priorities with security needs, and how organizations can navigate this dual mandate effectively.

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Meeting notes

• Introduction and Compliance Topic: Lars introduced the session, mentioning that the focus would be on compliance and its impact on organizational risk. He also welcomed the guests and attendees.
• Guest Introductions: Andreas, Michael, and Joachim introduced themselves, sharing their backgrounds and experiences in cybersecurity and compliance. They also shared anecdotes about pointless requirements they had encountered.
• Compliance vs. Security: Lars initiated a discussion on the gap between compliance and security. Andreas, Michael, and Joachim shared their perspectives on why compliance does not always equate to security, citing reasons such as diverse business needs, political motivations, and the impracticality of one-size-fits-all regulations.
• Improving Regulations: The panel discussed whether regulations are improving. Andreas and Joachim noted that while regulations are becoming more harmonized, there are still challenges. Michael mentioned that feedback loops with regulators are helping to improve the situation.
• Convincing the Board: Joachim, Michael, and Andreas shared their strategies for convincing board members to support security initiatives. They emphasized the importance of linking security to business objectives, using risk-based approaches, and building trust with the board.
• Practical Implementation: Michael and Joachim discussed their approaches to implementing compliance requirements. They highlighted the importance of starting with existing standards, focusing on efficiency and effectiveness, and collaborating with industry partners.
• Recommendations: Andreas, Michael, and Joachim provided their key recommendations for the audience. They advised thinking before acting, leveraging existing resources, and maintaining efficiency and effectiveness in compliance efforts.