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…
Jul 23, 2024
Staying ahead with Regulatory Compliance Risk Management
Recently, the European Commission informed Apple that its App store policies hinder competition by restricting app developers from directing people to other channels. This was deemed a breach of the Digital Markets Act (DMA) and could lead to a penalty of 10% of Apple’s global annual revenue along with further investigations. The DMA is a…
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…
Jul 23, 2024
Compliance Posture: How to Assess & Improve It
Managing compliance posture is like a circus—most parts work in harmony until one day, they just don’t. When one component slips, it doesn’t just stop, it creates a domino effect. Before you know it, you’re putting out fires, giving you less time to spend on business-critical tasks like managing compliance. It is a situation no…
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…
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…
Jul 22, 2024