Compliance as a Service

Data security and the policy of storing personal data is one of the most indispensable issues for every computer’s owner in both large- and small-sale business. And when too much data comes on the spot, it raises another problem of organizing information and keeping sensitive documents inside the company. This gimmicky trend concerning the protection of information in IT technology is known as compliance as a service.

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This new IT-direction has become a massive phenomenon in 2015 and today, it can be considered the best method for availability, flexibility, storing and sharing information among the computers inside your office.

What is compliance in a broad meaning?

Generally, compliance as a service is presupposed for specific standards, for instance PCI-DSS or HIPAA. What does it mean? It means that in addition to the servers, you are purchasing a variety of compliance services such as data encryption, disaster recovery, reporting, vulnerability scanning, antivirus software, etc. They are introducing an amazing opportunity of storing the data and keeping it in a safe place.

One should pay attention to the fact that even compliance-as-a-service is rarely a complete solution for compliance. To avoid the problems, you constantly need to add updated software to keep the information private and confidential.

How to manage a large number of compliance requirements?

The solution to this problem is to continuously control and account of all the requirements that apply to the organization. For this drawn card requirements. Compliance Mapping can be carried out on areas of activity and kept up to date with the support of specialized division of the JMC.

Furthermore, the requirements for each card are correctly classified by the processes or procedures inherent in the areas of activity. For example, to protect against computer viruses the requirements must be grouped in the class “anti-virus protection.”

To cope with the risk management, it’s useful to use the following tools related to compliance with the rule:

  • Management activities aimed at risk reduction;
  • Key risk indicators (KRI);
  • The key indicators of the state of control procedures associated with the risk (KCI);
  • Outer and inner audit policies.

However, the results of these tools can be included in the calculation of residual risk.

Event Management aimed at reducing the risk, it is at least in the control of the following parameters:

  • the effectiveness of interventions aimed at reducing the probability and (or) damage risk event (a measure of how exercise reduces the risk);
  • the degree of application of measures aimed at reducing the probability and (or) damage risk event.

Finally, it should be emphasized that one must carefully watch the difference between compliance as a service and the executive function. Being a manager, it is crucial for you to keep in your mind that the participation in the control environment is useful to involve absolutely all employees of the organization. The firm is supported by the needed level of compliance, unless management has the motivation to create highly efficient communication between the various divisions and the desire to convey to all the subjects of the environment under supervision.

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