Managed compliance
FAQ
Managed state compliance ensures an organization's managed infrastructure and applications comply with relevant regulations and standards. It involves:
- Monitoring and managing systems, networks, and applications
- Implementing technical and administrative controls (e.g., access controls, encryption, logging)
- Conducting regular audits and assessments
- Complying with regulatory frameworks (e.g., GDPR, HIPAA, PCI DSS)
Key aspects:
- Protects against security breaches and data loss
- Ensures ongoing compliance with regulations
- Contributes to risk management
Managed compliance is important for:
- Legal and regulatory compliance:
- Mandatory adherence to industry-specific regulations
- Avoidance of legal and financial penalties
- Risk management:
- Identification and mitigation of security threats
- Prevention of costly incidents
- Customer trust:
- Demonstration of commitment to data privacy and security
- Increased customer loyalty and repeat business
- Competitive advantage:
- Potential to win new business and partnerships
- Industry-specific compliance as a differentiator
Non-compliance can lead to:
- Legal and financial penalties:
- Fines and legal fees
- Potential financial hardship or bankruptcy
- Reputational damage:
- Decreased customer trust and loyalty
- Lost business opportunities
- Negative media coverage
- Operational disruption:
- Implementation of new controls or processes
- Additional costs and delays
- Loss of business:
- Reduced business opportunities or partnerships
- Criminal charges:
- Potential legal action, especially in cases of intentional fraud or deception
Development managed compliance is crucial for:
- Early risk identification and mitigation:
- Incorporates compliance requirements into the development process
- Allows proactive steps to address potential risks
- Cost-effective compliance:
- Avoids costly retrofits and rework
- Designs systems with compliance in mind from the start
- Faster time-to-market:
- Ensures compliance from the beginning
- Provides a competitive advantage in time-sensitive industries
- Improved customer trust:
- Demonstrates commitment to data protection
- Builds customer confidence and loyalty
- Reduced compliance audit burden:
- Shows ongoing compliance throughout development
- Decreases time and resources needed for audits
Several roles and departments support managed compliance:
- Compliance officers:
- Oversee compliance programs
- Ensure legal and regulatory requirements are met
- Identify and mitigate compliance risks
- IT and security professionals:
- Implement technical controls and processes
- Ensure system and data security
- Maintain compliance with relevant regulations
- Legal department:
- Interpret and advise on legal requirements
- Ensure contract and agreement compliance
- Risk management professionals:
- Identify and assess organization-wide risks
- Develop and implement risk mitigation strategies
- Business leaders:
- Set the tone for compliance priorities
- Provide resources and support for compliance programs
- Ensure compliance is a priority across the organization