Whether your operations rely on machine learning, Big Data, or artificial intelligence (AI), it is critical to streamline your information security monitoring efforts. Having a strong cybersecurity risk mitigation program that is built upon regulatory compliance will help to keep your organization safe from internal and external threats.
You can use technology to find the right risk management solution for your business.
Using Technology for Compliance
What is Compliance Technology?
Compliance technology simply refers to the variety of services that can help your organization stay up to date with regulatory and industry compliance requirements. Compliance technology software helps to streamline your compliance program management, especially in the IT security arena.
As the IT security market evolves, new challenges emerge and government and regulatory bodies regularly issue new compliance guidelines. For example, over the last 12 months, a number of cybersecurity regulations went into effect. In particular, we had the California Consumer Privacy Act of 2018, the New York Department of Financial Services Cybersecurity Regulations, and the European Union’s General Data Protection Regulation (GDPR).
The Payment Card Industries Security Standards Council (PCI SSC), the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and the International Standards Organization (ISO) also updated their standards.
With the ever-changing IT security requirements, it is important for organizations to have a central location where they can monitor and manage their compliance. This is where automated compliance technology solutions come in.
What is Automated Compliance Technology Software?
Automation compliance technology software is a program that handles or processes technology compliance tasks on behalf of an organization. You simply have to define a set of tasks or actions on the software and leave it to do the rest.
For example, you can use workflows to get the software to automatically input particular data, manage reminders, schedule recurring events, assign tasks to specific individuals and more.
Using automation technology software will help you save time by eliminating the time-consuming administrative tasks that have to be done when auditing your organization for compliance and review scheduling.
Managing Compliance With Big Data
Big Data helps you to make sense of an overwhelmingly amount of information that may be gathered across your organization as well as the internet. When it comes to information security compliance, Big Data can provide a clear picture of the security issues facing your enterprise by assembling and compiling data across all operational sectors.
For example, previously unknown vulnerabilities (also known as “zero-day” attacks) can be tracked before they occur. You can also use Big Data to review your organization’s relationship with third-party vendors or systems to determine the risk they pose to your data environment and ecosystem.
Artificial Intelligence Compliance Technology
There are various forms of artificial intelligence (AI) compliance technologies. AI technologies involve the use of machines to carry out monotonous, time-consuming tasks based on specific algorithms set by a user.
For example, you can use an AI-based program to consolidate review information found across the internet to guide your compliance management policy. The program can search for information online by reviewing specific words and output the results to help you understand changes to regulations. Using such a program will ensure your organization is up to speed on changing regulatory requirements, ensuring you maintain compliance at all times.
You can also use AI software to review compliance risks. For example, you can program the software to assign risk levels to certain threats based on the criticality of the information and the likelihood of the events happening.
Finally, AI solutions can help you sift through a variety of compliance regulations to find the similarities across the networks and provide a gap analysis.
Machine Learning Compliance Technology Solutions
Machine learning works closely with artificial intelligence and involves using Big Data to teach computers how to gather data, analyze it, and make predictions.
For example, a machine learning software can review current ransomware threats, review the actions that they make systems perform and then based on those actions, determine whether your systems have been compromised.
Machine learning not only completes a task but goes further to predict what might happen next based on the data gathered and analyzed.
Monitor Risks with the Right Compliance Technology
For a security-first approach initiative to be successful, it is critical to monitor IT processes across your organization continuously. Malicious actors are always looking for vulnerabilities and the efforts you’ve put to safeguard your systems today may not necessarily be effective in the future.
When deployed meaningfully, compliance technology solutions can uncover threats in your data environment and ecosystem. For example, a compliance technology software can help you to review software updates released to ensure that your systems have the latest patches.
To find the right compliance technology solution, consider your company’s maturity level, desire to scale, and future business objectives.
Ken Lynch is an enterprise software startup veteran, who has always been fascinated about what drives workers to work and how to make work more engaging. Ken founded Reciprocity to pursue just that. He has propelled Reciprocity’s success with this mission-based goal of engaging employees with the governance, risk, and compliance goals of their company in order to create more socially minded corporate citizens. Ken earned his BS in Computer Science and Electrical Engineering from MIT.
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