SOC 3 Compliance: The Complete Guide
As cloud computing gains popularity, security incidents are becoming more commonplace. Consumers are becoming increasingly more conscious about how their data is used and are demanding more of the companies they work with. This is pressuring organizations handling sensitive customer data to prove publicly that they have the right systems in place. One widely accepted…
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Jul 23, 2024
Risk Quantification: Understanding Key Elements, Models, & Challenges
Cloud-hosted companies are facing a number of challenges – increasing cloud adoption, digital disruption, increased regulatory practices, broken or mismanaged controls, and more. All these are adding a list of high risk items, but realistically speaking, it is not possible to address it all and if everything is important, then nothing is important. This has…
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Jul 23, 2024
Complete Guide To Data Governance Roles And Responsibilities
Organizations must comply with various regulations and standards governing data usage, such as GDPR, HIPAA, and others. This is why you need to understand the roles and responsibilities in data governance to help ensure compliance. No one puts the definition of data governance more aptly than Mike Ferguson, Intelligent Business Strategies – “Data governance is…
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Jul 23, 2024
What Are Compliance Metrics? How to Measure & Monitor?
“Compliance effectiveness and the value of compliance are tough to measure. That’s unfortunate because regulators want to see that sound compliance policies are in place and efforts are being made to track their effectiveness. If the regulators are finding compliance problems, then there may be a breakdown somewhere in the first, second or third lines…
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Jul 23, 2024
What Is a Compliance Audit and How to Conduct It Effectively?
Imagine building a company from scratch only to lose it to a preventable oversight. 67% of organizations have faced a cybersecurity incident in the past year or so. A thorough compliance audit is your first line of defense. It evaluates your position concerning laws, internal bylaws, regulations, and industry practices relevant to your organization. While…
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Jul 22, 2024
Proactive Risk Management Vs Reactive [How to Implement It]
In September 2017, Equifax, one of the largest credit reporting agencies, reported a data breach. Sensitive personal data of 147 million people, such as Social Security numbers, birth dates, addresses, driver’s license numbers, and credit card information, was exposed. Investigations pinpointed the incident to a failure to address a known vulnerability in their web application…
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Jul 22, 2024