Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Glossary » GDPR » Privacy Sheild

Privacy Sheild

Privacy Shield is an informal agreement between the United States and the European Union. It specified regulations that were designed to ensure that any transfer of personal data from within the European Union to the United States conforms to the data protection standards of the EU. It included a number of assurances from the government of the United States as well as an adequacy decision that formulated the legal basis for the transfer of data across the two regions. It was overturned by the European Court of Justice in 2020.

Additional reading

third party due diligence

What is Third Party Due Diligence – 6 Steps process to achieve

According to a recent study, 62% of data breaches stem from vulnerabilities in third-party relationships, highlighting the importance of rigorous third-party due diligence practices. As businesses forge complex alliances, robust third-party due diligence becomes a critical defense against inherent risks and exposure. Third-party due diligence practices are an essential safeguard for SaaS enterprises that manage…
Vendor Risk Assessment

Vendor Risk Assessment: Mitigating Third-Party Vulnerabilities

Gartner’s study reveals that 80% of compliance leaders uncover third-party risks post-initial onboarding and due diligence processes; this finding underscores the escalating complexity within vendor relationships. It emphasizes the necessity for risk management strategies when dealing with vendors. Investing in vendor risk assessment procedures—such as enhancing procurement processes, bolstering supervision, and mitigating associated risks with…
Getting FedRAMP Compliance

FedRAMP Compliance: Importance and Steps

Before the establishment of FedRAMP, the U.S. government’s approach to cloud security was inconsistent and inefficient, leading to increased risks to national information. The introduction of the FedRAMP framework in 2011 aimed to provide a standardized approach to cloud security practices and ensure secure cloud deployment by agencies, emphasizing FedRAMP compliance. Ever since, the FedRAMP…

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