Manufacturers today face regulatory compliance requirements and operational risks from multiple directions. Modern manufacturing also relies heavily on subcontractors and other outsiders, which drives up the need for — and also complicates — risk assessment and monitoring of third parties.
Zen GRC can help compliance officers coordinate all those tasks.
First, manufacturers face data privacy requirements for the personal data they might keep on employees or third parties. Those demands come from source such as: HIPAA, the Gramm-Leach-Bliley Act, the EU General Data Protection Regulation, and state breach disclosure laws.
Manufacturers also need strong assurance over the security of subcontractors, technology vendors, and other business partners that might touch the company’s valuable intellectual property. Suppliers to the Defense Department, for example, must meet the NIST cybersecurity standards to maintain DFARS compliance and their eligibility to bid on government contracts. That security must extend down through a manufacturer’s supply chain.
Finally, manufacturers also have reporting requirements around product safety from agencies such as the Consumer Products Safety Commission; as well as environmental, health, and safety standards from agencies such as OSHA or the EPA. If that data is stored or processed with outside technology vendors, the security of those vendors must be assured as well.
So manufacturers not only have a large regulatory burden; they have a diverse burden that cuts across different types of data and risk.
Frameworks do exist to help manufacturers address all these regulatory compliance objectives. Still, compliance functions will need to manage multiple frameworks simultaneously to achieve progress on multiple needs, each one moving at its own pace. For example, companies need to:
Assess the starting security posture of their own systems and any third parties they use
Identify security gaps they must fill to meet regulatory requirements
Establish corrective steps that might be necessary
Assign those corrective steps to control owners
Monitor whether those fixes are on schedule
Understand and respond to any new assessments might be necessary as new regulations emerge
Click on one of the tabs to learn more about ZenGRC's compliance, risk or reporting features.
As a cloud-based solution, ZenGRC deploys simply and quickly (six to eight weeks) even across a large enterprise. It provides a unified platform to manage controls across multiple frameworks, and a dashboard to let CISOs, and other executives, monitor key performance indicators for compliance and IT security efforts.Learn More