Implement Best Practices for Better Results
Compliance is no longer a choice, it’s a necessity. Businesses are also facing an ever-increasing number of compliance requirements. These requirements come from various sources, including government regulations, industry standards, and customer expectations.
The most common IT regulations include:
- General Data Protection Regulation (GDPR)—A regulation in the European Union that protects the privacy of individual’s personal data
- Payment Card Industry Data Security Standard (PCI DSS)—A set of security standards for organizations that process credit card payments
- Health Insurance Portability and Accountability Act (HIPAA)—A law in the United States that protects the privacy and security of patient health information
- Sarbanes-Oxley Act (SOX)—A U.S. law that requires public companies to maintain accurate financial records and internal controls
- Gramm-Leach-Bliley Act (GLBA)—A law that regulates the U.S. financial services industry and protects the privacy of consumers’ financial information
- Personal Information Protection and Electronic Documents Act (PIPEDA—This Canadian law protects the privacy of individual’s personal information
- California Consumer Privacy Act (CCPA)—This law gives consumers more control over their personal information
- SEC new cybersecurity regulations—These regulations are designed to improve the cybersecurity posture of public companies and registered investment advisers
In addition, there are a number of security frameworks that organizations you do business with may expect you to adhere to. Two common ones are:
- NIST Cybersecurity Framework—Developed by the United States National Institute of Standards and Technology (NIST), it provides guidance on how to improve cybersecurity.
- ISO/IEC 27001— This international standard provides requirements for an information security management system (ISMS).
Compliance is essential for businesses because it helps to protect your data, customers, and reputation. It can also help to reduce the risk of fines and penalties.
Maintaining Compliance Is Hard
There are many challenges that businesses face when it comes to maintaining compliance:
- The constantly changing regulatory landscape—Compliance requirements are continually changing, making it difficult for businesses to keep up.
- The complexity of compliance requirements—Compliance requirements can be complex and challenging to understand.
- The lack of resources—Many businesses don’t have the resources, experience, or expertise to dedicate to compliance.
Sagacent Solutions and Services
We have several solutions and services available to help your business with governance, risk, and compliance (GRC). These solutions can help businesses to:
- Compliance consulting—Let us guideand support you as you develop and implement your compliance program.
- Compliance Audits—This service helps you understand regulatory requirements by reporting on your compliance status and by making recommendations for remediating shortcomings and implementing compliance controls.
- Compliance software—We can provide software to manage compliance requirements, risks, and controls.
- Managed Compliance Services—Let Sagacent provide a team of experts to help you manage your compliance programs.
Get Complete, Custom Compliance Solutions from Sagacent
Sagacent offers a comprehensive suite of GRC solutions and services to help your business meet your compliance requirements. Our solutions are designed to be easy to use and understand, and we can customize them to meet the specific needs of your business.Our team of experienced GRC professionals can help you assess your compliance risk, implement compliance controls, and report on your compliance status.
Get in Compliance
Contact us today if you need help with regulatory compliance and GRC. We would be happy to discuss your specific needs and how we can help you to meet your compliance requirements.