How Small Businesses Can Build Security Programs : According to a study of 117 organizations by Gartner at the end of 2020, spending on IT compliance is sure to increase after witnessing several years of unprecedented growth. This is mainly due to the disruption caused by the new COVID-19 pandemic.
At the same time, it also increases the burden on legal and compliance teams as they now find themselves navigating a barrage of organizational risks in a remote work environment.
Today, Artificial Intelligence (AI), automation, and compliance and continuous integration dominate the IT compliance landscape. But the need right now is to decode what it means for small companies and how they can leverage this concept to create security programs.
While exploring this issue, we need to keep in mind the truth that a powerful computing system is not synonymous with being the most efficient or productive tool for employees. Compliance can only be achieved if people fully understand a particular security process and are comfortable with it.
Small and medium enterprises need to identify or pinpoint what will work in their compliance environment. To do so, they must be guided by a fundamental understanding of ongoing compliance and how to identify appropriate integration and automation of actions.
Continuous Compliance Decoding
Continuous compliance involves having knowledge of how well the control environment is functioning. This means you know how controls in your organization are monitored and operated in sync with certain policies. The concept of compliance assumes that there is a strong compliance environment and that there are people who remain responsible for measuring outputs.
It should be noted that it makes no sense to evaluate your compliance landscape only over a period of time. For example, assess only at the time of the audit. You must integrate compliance assessments throughout the business lifecycle. In simple words, ongoing compliance should be a state of mind of an organization rather than a set of metrics. Everyone should have control and process. But that’s easier said than done for an organization in a state of flux or expansion.
Decoding Integration for Compliance
Integration means the compliance solution provider’s capacity to insert audit documents into an integrated platform for sharing with customers. The role of integration becomes important when you need to collect evidence. This can save you a lot of time during this activity. This means having a product that connects your compliance solution providers. For start-ups that are naturally characterized by labor-intensive processes, integrations like Documented Workflows or Google Forms are great choices.
According to the latest compliance-risk-governance or GRC trends, integration is indispensable for organizations to improve their compliance programs. Integration makes communication and collaboration smoother, eliminates the manual or labor-intensive work that revolves around collecting evidence, and makes ongoing compliance and monitoring a reality.
What is Effective Compliance Automation?
Automation means the ability to reduce human-operated tasks to data models and define and organize code for repetition. Compliance practices require a lot of manpower. Therefore, we cannot fully apply the term automation to it. However, audit evidence collection through integration can fit into the concept of automated solutions. Such automation ensures fast evidence-gathering tasks.
Small and medium-sized businesses can benefit from the concept of automated compliance by first analyzing tasks that conventionally cannot do without a consultant. You need to determine if the activity is repeatable across consultants. A good example here is doing an annual risk assessment. Another suitable example is measuring the applicability of your company’s cybersecurity policies against one standard. Carefully designed automated systems can achieve nearly 95 percent efficiency, even for the most complex tasks.
Today, integration is always changing especially as common technologies are constantly undergoing transformation. Therefore, start-ups may find themselves not witnessing the effects of integrated automation. The right thing to do for such an organization is to automate repetitive security practices. For example, they can integrate checks and balances instead of investing in expensive tools.
Understanding the Value of Adaptive Compliance
Outside of automation, adaptability is the single most important parameter when evaluating a compliance platform. Adaptive compliance allows companies to appropriately integrate new controls, risks, and evidence-gathering needs. Essentially, adaptive compliance systems are designed to manage the security practices that complement your organization.
As companies grow, their compliance environment also matures. They can edit a small part of their control and increase the overall control by 5 percent. During the audit, a strong compliance management system will allow the company to integrate control modifications. Monitoring these modifications is very important because the auditor will need some consistent evidence of compliance. Therefore, the ability to adapt or customize your cybersecurity policies will enable your organization to transform into a more efficient version of itself.
The adaptive compliance inspection module allows businesses to monitor and handle all inspection activities. Users can streamline the entire audit lifecycle, from audit scheduling to electronic report generation. You can adequately measure knowledge and progress with it.
For small and medium-sized businesses, it all comes down to making that automation approach a priority fully tailored to their organizational goals. Keep in mind that your priorities will change over time, so you need a system that can adapt to changes at the grassroots level.
Your focus should always be on combining flexible technology and investing in the ideal compliance technology to ensure that you are always on the path to innovation and delivering value. Contact Ezofis, an automation management company that excels in providing automation solutions for small businesses and startups.