Continuous Compliance: How to Combat Regulatory FatigueJune 22, 2016, Reuven Harrison
Whether it’s protecting consumer credit card numbers, a company’s intellectual property, or a patient’s medical records, most of the government and industry regulations in place today were designed to protect the privacy and safety of people, as well as valuable applications and data. Given the escalating global problem with privacy and security, these regulations were needed. However, the downside of this is that enterprises must now operate under the requirements of multiple regulations and security standards. What we’re seeing as a result is something I call “regulatory fatigue,” where enterprises face a jungle of constraining regulations that ultimately inhibit their agility and productivity.
For many of our customers, the compliance burden is growing annually, but the budget for supporting it is not. There can be several audits per year for separate regulations such as PCI DSS, SOX, and so on. Additionally, it’s becoming more common today for business partners to require a controls assessment before entering into a services contract. Unfortunately for many companies, manual processes remain prevalent. For example, many compliance managers are still tracking their organization’s regulatory status in a manual spreadsheet, increasing their exposure to risk and even hefty compliance-violation fines.
Enterprises can reduce their regulatory fatigue and maintain their agility by shifting their approach to one of “continuous compliance.” That is, attaining a state where all compliance requirements are met, and then continuously maintaining that state. It’s easier and less time-consuming than the traditional “snapshot-in-time” approach. And when continuous compliance is achieved by automating policy violation alerts, remediation efforts and change processes, it becomes even more efficient and controlled, avoiding the delays and misconfigurations often associated with manual procedures.
Our experts have put together a survival guide to help CISOs, CSOs, Chief Compliance Officers and other stakeholders who must ensure regulatory compliance within their organizations. This guide walks through some of the key regulations in every industry, and gives detailed steps on how to adopt the continuous compliance approach.
If you’re ready to put an end to regulatory fatigue, download the free compliance survival guide today:
Also watch the webinar: