Tag Archive: compliance framework

Governance, Risk Management and Compliance Definitions

Written by
Published 04/29/2016

Governance, Risk Management and Compliance Definitions   Governance, risk management and compliance is a complex and challenging business even for the most seasoned of experts. Which makes it even more arduous for those just starting out. Understandably, it is common for startups and organizations that are just beginning their compliance program to turn to an existing staff member to tackle the job, rather than hire a compliance specialist. With that in mind, we wanted to share some common terms and definitions that are key to understand if this is your first foray into compliance: Compliance – adherence to a set of rules established by a regulatory body Risk – the chance that a negative outcome, financial loss, or error can…

Tags: , , ,
Categorized in:

Top 3 Challenges When Updating Your Compliance Framework

Written by
Published 10/07/2015

Well, it’s happened again. The framework you worked so hard to implement across your company needs updating. This typically occurs every 4-6 years to provide organizations with enough time to prepare. For example, Sarbanes-Oxley, GLBA/FFIC, FISMA, and HIPAA are frameworks associated with traditional computing. Traditional frameworks like these took a long time to update. Yet, in the last several years, frameworks covering new technology change every 2-3 years. Standards that cover cloud, mobile, encryption, and vendor management fit this new model.  Thus, you will need to prepare to update your framework on an annual basis to keep up with all the changes. Each change to your existing compliance framework will pose a challenge. First, you should understand the impact the…

Tags: , , , ,
Categorized in: