Compliance Review is basically the monitoring and reviewing of current processes to determine whether they are aligned with compliance requirements.
Regulations and international standards establish the requirement for maintaining the quality and security of a service or product. Compliance with such standards (GDPR, ISO 27001, PCI-DSS, HIPPA, etc.) ensures credibility with your customers, partners, and staff. It also helps to prevent any disastrous events by making sure your security policies and measures are effective. Moreover, presently, non-compliance can cost businesses more than just fines; it can cost them their reputations.
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What We Offer
We have extensive experience conducting gap assessments and compliance reviews against multiple international and local standards. We deliver these services as part of GRCaaS as well as for specific standards or regulations.
We have developed expertise in maintaining compliance and developing Unified Compliance Frameworks for large organizations. We deliver compliance services for the following:
Importance of Compliance Review
Compliance Review ensures that the organization’s business processes are running as they should be. It helps identify areas of non-compliance that could be related with either internal or external regulations.
The plethora of new regulations affecting businesses, together with the increasing fines being imposed by regulators, has resulted in compliance becoming a vital issue for all industries. The costs associated with the failure of adhering to compliance are quite high; the organization’s license could be revoked by the regulator, heavy fines could be imposed and the findings could be publicized which would impact the organization’s reputation negatively.