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What is Data Compliance?
Data compliance refers to the policies, procedures, and technologies organizations implement to sustain data privacy and security compliance. It involves appropriately governing sensitive information to meet enterprise business rules and legal and governmental regulations. Sensitive data encompasses customers’ details, employees’ confidential records, financial information, intellectual property, etc. As data volumes and diversity grow exponentially, organizations […]
Tags: Compliance
December 4, 2023
The Complete Guide to the Financial Industry Regulatory Authority (FINRA)
The Financial Industry Regulatory Authority (FINRA) is the organization in charge of securities licensing and requirements. Under stringent financial regulations, FINRA develops and enforces compliance risk assessment procedures and rules governing broker-dealer firms in the United States. It also keeps track of securities licenses, audits firms to ensure compliance, promotes market transparency, and educates investors. […]
What are the five Trust Services Principles for SOC 2 and SOC 3?
In an era where data integrity and security are paramount, compliance frameworks like SOC 2 certification and SOC 3 are pillars of trust and credibility. These frameworks offer essential guidelines for organizations to validate their commitment to safeguarding sensitive information. SOC 2 and SOC 3 are essential compliance frameworks designed to assess the controls over […]
Tags: Audit Management, COSO, SOC
Data Exfiltration: What It Is and How to Prevent It
Protecting your data is an important component of your cyber risk management plan and involves a certain level of preparedness for an event like a data breach. However, even the best cybersecurity efforts will still fail at some point — when attackers abscond with your organization’s confidential data, either to resell it on the dark […]
Why do Compliance Programs Fail?
Establishing compliance programs represents a significant undertaking for organizations across sectors. However, many such initiatives fail to achieve their goals despite substantial investments of time and resources. Inadequate compliance efforts expose companies on multiple fronts – from cyber incidents and data leaks to significant fines, lawsuits, and even criminal charges from regulatory non-compliance with bodies […]
Why Are Remote Access Policies Important?
When the COVID-19 pandemic forced the closure of offices worldwide, many companies that hadn’t previously considered remote access to their corporate networks and servers had to do so quickly. Moreover, with the popularization of hybrid cloud systems and Bring-Your-Own-Device (BYOD) policies, the risk vectors related to remote access have increased significantly. More people can connect […]
Outsourcing Responsibility to Vendors Could Be Your Biggest Mistake
For small businesses especially, outsourcing has become the norm – and for a good reason. Specialized vendors can increase the efficiency of your company so you have the freedom to focus on your core business. Companies often confuse the outsourcing of business processes with the outsourcing of responsibility. In reality, you are still responsible for […]
What is a Vendor Framework?
For most businesses, third-party vendors are essential to the business ecosystem. A study by Gartner found that in 2019, 60 percent of organizations worked with more than 1,000 third parties. As those networks continue to grow, so will the cybersecurity threats that third-party vendor relationships pose to your business. These partnerships have unprecedented access to […]
Who Can Perform a SOC 2 Audit?
The SOC 2 standard for assessing cybersecurity was established by the American Institute of Certified Public Accountants (AICPA). This means only independent Certified Public Accountants (CPAs) and licensed CPA firms are qualified to conduct SOC 2 compliance audits and attestation for service organizations. The auditor or service auditor must be fully independent, with no ties […]
Tags: Audit Management
What is an ISO Stage 2 Audit?
An International Standards Organization (ISO) Stage 2 audit evaluates the implementation and effectiveness of a company’s management system. It is often referred to as the “certification audit,” the final step to achieve compliance with several notable ISO standards. The process for achieving ISO certification follows a consistent approach for all management systems standards, including ISO […]
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