Attain Regulatory Compliance with Enterprise Compliance Management Software

Today enterprises, both big and small, need to conform to various regulations in order to make their business environment safe and secure. Let's look at some important regulations, the need for compliance with these regulations, and the means of achieving compliance.

Today enterprises, both big and small, need to conform to various regulations in order to make their business environment safe and secure. Let's look at some important regulations, the need for compliance with these regulations, and the means of achieving compliance.

HIPAA Compliance 

The Health Insurance Portability and Accountability Act (HIPAA)was enacted at a time when the healthcare system was rampant with fraud and abuse. When it started getting out of control, the federal government had to step in not only to protect patient information but also to defend interests of the workers, when they change or lose their jobs. HIPAA compliance is necessary for any person or institution that directly or indirectly deals with patient health information (PHI).

ISO 27002 Compliance 

With most of the transactions happening online, there is a huge risk of data being compromised. If the enterprise fails to implement effective security measures, it leads to data breaches and data thefts.One such incident is enough for the enterprise to lose its reputation and goodwill. ISO 27002 compliance helps the enterprises in proving that information security practices are stringently followed and that their information is secure in accordance with an internationally recognized standard. 

GLBA Compliance 

The Gramm-Leach-Bliley Act (GLBA) was enacted to "enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes."Besides, it also protects the consumers' nonpublic information or personally identifiable information. GLBA compliance is necessary as it safeguards information from foreseeable threats in security and data integrity. 

PCI Compliance 

The Payment Card Industry Data Security Standard (PCI DSS), an information security standard for organizations that handle cardholder information,was enacted to reduce credit card fraud via its exposure. PCI DSS compliance is necessary since one slip or compromise could result in huge financial and brand-image losses .

Today' business environment is highly volatile and therefore enterprises have no other go but to conform to these regulations. This can be easily done with the help of enterprise compliance management software that includes all of the security and IT-GRC functions required to achieve compliance. It simplifies and reduces the time required for regulatory compliance and certification processes, while providing complete end-to-end automation of all security, compliance, audit, and IT risk management needs.

Hence, enterprises must invest in effective compliance management solution, as it not only helps them to meet appropriate IT compliance requirements but also to focus on their core business.

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Threat management solutions

Comprehensive Threat Management Solutions for Complete Protection

With technology advances, cyber-attacks are becoming increasingly sophisticated and insidious. An effective and up-to-date threat management solution that simplifies compliance with regulatory requirements is essential to continually monitor and expose new gaps in your information security infrastructure. Security is usually seen as a critical part of the IT infrastructure to ensure confidentiality, integrity and availability. Enterprises have been trying to constantly utilize advance security technologies to solve their security problems. With increasing threats clearly looming over their business, organizations need a simple and an integrated security solution.

As the threat becomes more complex, the concept of implementing multiple layers of defence becomes increasingly important. Threat Management, until recently was time-consuming, costly and gap-ridden, but an effective threat management solution gives you additional protection layers to strengthen your existing IT infrastructure against any malevolent attacks. IT security experts speak of the importance of having a multi-tiered network security plan in place for businesses-one with layers upon layers of security so that virtual immunity to cyber-crime is as close to certainty as possible. Most companies address the threats endangering their IT infrastructures with integrated or unified threat management solutions, instead of complex products that make administration daunting and expensive. Companies that are involved in securing IT infrastructure from threats embrace the principal of defence in depth.

Effective threat management is necessary for organizations to defend themselves against today's ever-present and pervasive cyber-threats. As threat management can be a challenge for many organizations, it is important to choose a threat management solution that is able to handle the demands of real-time applications. While there are point solutions to address security monitoring and IT-GRC issues separately, it is prudent to have a solution that enables end-to-end integration of advanced network monitoring and governance, risk and compliance and a unified and integrated solution to continuously monitor and assess your security posture and the level of compliance as required by federal laws.

Investing in a solution helps organizations solve multiple data-centric information security challenges, which includes advanced persistent threat detection, data leakage, insider threats, malware analysis, continuous controls verification, and network e-discovery of assets. The solution you choose must be holistic for advanced information security and Compliance providing easy monitoring and end-to-end automation of all enterprise security, compliance, audit, and IT risk management needs.

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Protect Your Enterprise with Adequate IT Compliance

While adequate security measures are necessary for safeguarding people, assets and information, compliance ensures that these security measures are effective and enterprises act responsibly towards customers, staff, environment and shareholders. How well organizations comply with these compliance standards can have a dramatic impact on their success or failure.

Government regulations such as HIPAA, SOX and the GLB Acts, usually require changes to many components of the network security infrastructure and IT procedures. In order to fully comprehend the complicated demands of some regulations, it is essential for organizations to employ specialists and consultants and produce special documentation that can assist with proper regulation deployment procedures. An enterprise that is able to enforce strict corporate policies and adhere to all the latest regulatory requirements will be able to protect vital information assets, keep customer confidence and safeguard business interests.It is therefore essential to have a healthy compliance program that is most likely to bolster your security measures and find and rectify weaknesses before they become a problem.

By integrating compliance data across the enterprise, corporate governance and risk management activities naturally mesh with corporate security protocols. This strengthens the organization’s overall security posture, while reducing the chance of unsafe activities, breaches in protective layers or instances of fraud which compromise their position.Most organizations have understood the importance of compliance to their core business and have deployed solutions that can address the issues.

Most solutions in the market today fail to provide sufficient protection and management guarantees needed to tackle threats caused by a dramatic rise in Internet usage and rapid advancements in consumer technologies. To better balance today’s compliance requirements, organizations are starting to look for a more comprehensive approach to solving the IT GRC problem. The best way to meet these challenges is for organizations to adopt an approach that reduces business risk, ensure better compliance and thereby, gain competitive advantage.

To minimize risk and maximize profitability enterprises can take the help of a reputed service provider who can ensure an effective compliance risk management program that involves people, policies, processes, and technology. They can help implement an end-to-end compliance and IT risk management program that will reduce business and IT risks, cut compliance costs, and help increase ROI. Purchasing sophisticated security equipment, configuring it to minimize risk, and implementing a host of policies and protocols that comply with the latest data security standards is another option.

With an effective IT compliance solution, organizations can secure efforts and improve vulnerability management and increase the visibility of risk throughout the enterprise.

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