Glossary of Compliance
Compliance Glossary
Our list of curated compliance glossary offers everything you to know about compliance in one place.
Risk Management
Risk Management is a formal plan to identify and rectify risks. Some of these basic practices will help you achieve security compliance without breaking your budget.
– Put in place “Technical, Administrative, and Physical Safeguards” to protect Public Health Information(PHI)
– Identify and fix vulnerabilities in your system
– Work on it consistently and perform routine scans
Additional reading
A Beginner’s Guide to GRC Framework
GRC stands for Governance, Risk Management, and Compliance—an integrated approach encompassing processes, strategies, and actions that organizations implement to mitigate risks, strengthen their security posture, and ensure adherence to regulatory standards such as SOC 2 and ISO 27001. Let’s take a granular look at each of these: Governance: Governance establishes and outlines policies, processes, and…
Compliance vs Risk Management: Key Differences & Similarities
A report by Bloomsberg states that companies are spending 6-10% of their revenue solely on compliance! Furthermore, over 50% of executives see cybercrime as a top five risk now and in the next three years, with concerns rising. The above statistics are pieces of evidence that in the absence of compliance, you can lose money…
A Complete Guide on Security Incident Management
With increased dependence on cloud solutions, remote work, bring-your-own-device policies and other digital advancements, concepts like zero trust security, cyber insurance, and security incident response management are emerging as a trend. The incident response market size is expected to reach $33.76 billion in 2023 as opposed to $11.05 billion in 2017. With malicious activities becoming…

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