Ensuring compliance is an important part of meeting legislative mandates and protecting your organization, but establishing sound policies, enforcing them, and monitoring are no longer enough. Governance auditors, regulators, partners, and customers now want to see evidence that you’re meeting regulatory and security compliance standards, as well.
Satisfying information governance demands takes centralized control, systematic logging, reporting, and auditing processes that are thorough enough to track users across apps and data, yet flexible enough to address emerging regulations and standards.
With growing security threats and breaches, regulatory committees are trying to ensure organizations do what they can to protect sensitive data. But with more than 300 security and privacy-related standards, regulations, and laws, and more than 3,500 specific controls worldwide—it can be difficult for IT to keep up with evolving compliance and governance standards.
Failure to comply can result in fines and penalties, outraged customers, loss of sensitive data, increased scrutiny from regulators, and costly damage to an organization’s brand and reputation.
Security standards aren’t a one-size-fits-all set of requirements. They vary across industries, and each has a unique set of regulations. For instance, a legal firm may have to handle information differently for a healthcare-related case than for a financial institution—and any payment cards used across all industries has its own set of requirements.
An integrated approach can help streamline regulatory processes and best practices, and a consolidated framework can help IT ensure simplified information governance and compliance.