Regulatory compliance monitoring and reporting is a key component of any cybersecurity program but it’s becoming increasingly difficult to ensure you are meeting your regulatory requirements. Driven by an increasing web of complex extraterritorial laws, industry-specific regulations, and general data protection laws.
This is not a valid excuse for non-compliance. Regulators and lawmakers will impose significant fines on organizations that aren’t able to align their cybersecurity and compliance programs.
A few of the key benefits of using a continuous compliance monitoring and reporting program that will resonate with business leaders, and those who make budgeting and resourcing decisions, include:
A compliance report is the documented evidence you must produce to auditors to prove your company is compliant with the requirements put in place by a government and regulatory agency under a particular regulation.
Compliance reports determine the compliance initiatives that have been effectively undertaken and the areas that need to be worked on to ensure full compliance. Besides being used as proof for submission to auditors, compliance reports can be utilized to make better decisions about risk management, allocation of resources and additional measures with respect to compliance.
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