Let’s get straight to the point: compliance represents an action performed according to a rule; established and directed by a standard. It is a term widely adopted in the business language.
To some, it may seem like one of the fashions of the business coach.
What does compliance have to do with my business?
There are many market guidelines, laws and even internal regulations that aim to create the “rules of the game”. Any set of rules (legal, labor, tax, environmental, contractual, competition etc.) has this function.
Companies must comply with established standards for their industry, avoiding legal problems and serious financial losses.
Is there such thing as IT compliance?
Information technology must support several business areas to meet specific demands, preventing, for example, that a company becomes vulnerable to fines. Records for fiscal audit, electronic payment standards, data protection etc. are among the sets of rules that the technologies can support.
IT compliance means adopting technology practices that allow not only to promote efficient performance or to integrate different platforms, but also to comply with the specific rules of each business segment.
Applied to information security, compliance means both to comply with a peculiar security policy to each company and with the specific industry standards to which the company is linked.
How to identify nonconformities in my environment?
Fail to comply with norms means risks (legal, operational), so it is important that companies are able to identify possible breaches that put it in a vulnerable condition.
An operational risk could be represented by a breach in a system configuration that puts at risk, for example, confidential information. A legal risk would be a potential legal battle for failure to protect information effectively.
An efficient way of prevention are vulnerability and compliance management platforms such as BLOCKBIT VCM. This type of technology allows to map security settings and correlating them to a given set of rules to identify if there are nonconformities.
This type of technology is able to identify compliance failures pertaining to each company’s security policy, as well as industry standards and government regulations. This facilitates the management of information security, as it indicates if there are and which violations need to be mitigated/remedied.
What are the compliance rules that my company must meet?
Each industry has very specific standards to follow. It’s hard to name them all.
But let’s point an example that most global companies need to be aware effective immediately, which is data protection regulation. European Union approved a General Data Protection Regulation (GDPR) which aims to give more protection to private data and empower data owners.
It also influences the debate about data protection all over the world, promoting a global trend which is to create standards for collection, storage and data security. Under penalty of fines, companies will need to adapt to these rules to be in compliance.
How compliant with industry standards is your company?