Four Tips to Tackle Compliance Issues

Companies need to ensure that providers understand their compliance requirements and analyze them on specific company governance, risk, and compliance needs.

Apac CIOOutlook | Thursday, November 19, 2020

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Companies need to ensure that providers understand their compliance requirements and analyze them on specific company governance, risk, and compliance needs.

Fremont, CA: Staying compliant with various regulations has been a security concern and hard work for IT professionals. The digital transformations have made it more difficult for IT professionals to reduce security risks and related compliance issues.

Here are four tips to help tackle compliance issues:

Carry out Due Diligence on Third-Party Service Providers

Make sure that the organization’s security and compliance culture are implemented in the supply and third-party providers so that potential risk from them can be minimized. Always carry out due diligence on all partners to ensure that their security and compliance levels are maintained regularly at levels acceptable to the organization.

Create Strong and Adaptable Foundations

Organizations need to get the groundwork right. Implement the best frameworks and standards for data management and protection. Because frameworks are versatile, new ones can be mapped to them efficiently when changes are required, and compliance issue is reduced. Compliance strategies are needed to be updated to address regulatory change. Therefore, it is essential if changes are expected and planned ahead of any significant changes.

Compliance and data-centric technologies can be advantageous for companies. When used correctly, it can support highly regulated environments.

Make Security and Data Protection a Priority

Data-driven security with a layered security approach is vital to handle potential issues. Companies need to understand their environment and data assets to have a collective view of the risk so that they can plan a strategy to reduce cyber threat risks. Access control is essential, therefore implement encryption and prevent access by devices without secure access.

Companies need to ensure that providers understand their compliance requirements and analyze them on specific company governance, risk, and compliance needs.

New Technologies Need New Skills

Companies to make sure that they have the right skill set to support technology and initiative changes to handle compliance. This requires employing or contracting people with particular talents that the companies do not have. Individuals with compliance and technology skill sets are advantageous, along with data analytics, cybersecurity, cyber-risk, and AI skills.