Compliance management

There was a time when organizations rarely considered compliance as a function that required outsourcing. However, when compliance began to emerge as a more prominent component in business negotiations and contracts, not being compliant became a business impediment. As a result compliance garnered more attention and became an essential part of growth.  Fast forward to…

According to recent studies, close to 57% of companies spend between 4 and 10 hours a week manually aligning their policies with compliance requirements. As your business scales up, it can be overwhelming for employees to navigate complex policies and procedures, especially if it is managed manually via excel or a document tracker. The long-term…

Transparency and visibility enhance the flexibility and resilience of a cybersecurity program. In the absence of audit logs, security professionals heavily relied on manual records and periodic review reports as their watchful eyes. However, as threats advanced, the demand for real-time updates increased and necessitated an automated and continuous system of tracking activities. Enter audit…

Compliance is a mandate for industries such as healthcare, fintech, information technology, telecommunications and more. Within these sectors, the frameworks’ increasing complexity necessitates meticulous supervision and effective maintenance of the compliance function. Regulatory bodies are getting stricter with enforcement actions, imposing severe penalties and fines in place. Moreover, as businesses expand globally, geographical challenges arise…

An audit contains various steps like planning and preparation, selecting a focus area, creating a checklist, informing various teams, and so on. However, it cannot take place without the tests of controls. In fact, both SOC 1 and SOC 2 audits require testing relevant controls to ensure compliance validity. Hence, let’s understand what are the…

In Dec 2022, OU Health, a hospital in Oklahoma, notified about 3000 patients about a breach of their health data after an employee’s laptop was stolen. Sensitive data like treatments, social security numbers, and insurance details were compromised. The incident highlights the importance of implementing all types of security controls. But what are security controls?…