Compliance Monitoring
Compliance monitoring verifies that organizations adhere to laws, regulations, and standards. This section will explore the intricate process of compliance monitoring, touching upon due diligence, attestation, internal and external approaches, and the role of automation, as follows:
- Due diligence/care: Effective compliance monitoring begins with due diligence. It involves the meticulous examination of an organization’s processes, practices, and policies to ensure they align with regulatory requirements. Due diligence isn’t just a box-ticking exercise; it’s a proactive effort to identify vulnerabilities and weaknesses, including comprehensive risk assessments and ongoing evaluation to maintain a strong security posture.
- Attestation and acknowledgment: Attestation and acknowledgment involve the formal recognition and affirmation of an organization’s commitment to compliance. Attestation signifies that an organization acknowledges...