Given the increasingly stringent privacy regulations across the globe, you can no longer put compliance on the back burner. Being compliant requires both fulfilling all your obligations under applicable regulatory standards and providing proof of the same. Thus, in order to pass critical audits, you must have documented validation of compliance.
You need a comprehensive solution that automates and streamlines your compliance processes, making it easier for you to adhere to extensive regulatory requirements.
Compliance as a Service (CaaS) is an IT solution that employs cloud computing to store data and manage regulatory compliance for businesses. It not only stores sensitive data in compliance with regulatory requirements but also helps in reporting and managing compliance across your organization
Simplifies the Compliance Process
With the help of the right CaaS solution, you no longer need to spend hours staying updated with the latest regulatory changes, preparing correct documents for regulatory bodies, and managing your data security. Your CaaS solution will take care of all that and more.
CaaS solutions can be easily subscribed to and configured based on the unique compliance needs of your business. That said, the right CaaS solution will save you a lot in terms of time, energy, and resources required to keep up with the changing regulatory requirements for your business.
Provides Automatic System Updates
With the right CaaS solution, you can stay away from the hassle of having to update your systems every time an industry regulation changes. Your service provider will automatically roll out the updates for you.
An all-inclusive CaaS solution can help businesses streamline their compliance processes and stay up to date in accordance with the evolving regulatory environment. The right CaaS solution:
HIPAA or Health Insurance Portability and Accountability Act is a compliance standard that is designed for the protection of sensitive patient data. Any organization that deals with protected health information (PHI) is obligated to maintain and follow the process, network, and physical security measures in order to be HIPAA complaint.
Concerns Associated with HIPAA Compliance
GDPR or General Data Protection Regulation (GDPR) is essentially a regulatory standard according to which businesses are obligated to protect the privacy and personal data of European Union (EU) citizens for all transactions that are carried out within the EU member states. GDPR is intended to unify and reinforce data protection for all individuals that reside within the EU and control the export of personal data outside the EU.
Concerns Associated with GDPR Compliance
Cyber Insurance is a type of insurance product that is designed to protect businesses against the potential damages associated with cybercrimes such as ransomware and malware attacks. It is a customizable solution for businesses to mitigate specific risks associated with cybersecurity breaches and prevent unauthorized access to their sensitive data and networks.
Concerns Associated with Cyber Insurance Compliance
The National Institute of Standards and Technology (NIST) has developed a framework called the Cybersecurity Framework (CSF) for streamlining cybersecurity for private-sector businesses. NIST CSF is a set of voluntary standards, recommendations, and best practices that are designed to help organizations prevent, identify, detect, respond to, and recover from cyber-attacks.
Concerns Associated with NIST Compliance