Security News > 2020 > November > How do I select a compliance solution for my business?

A recent survey revealed that, on average, organizations must comply with 13 different IT security and/or privacy regulations and spend $3.5 million annually on compliance activities, with compliance audits consuming 58 working days each quarter.

To select a suitable compliance solution for your business, you need to think about a variety of factors.

With the complexities of global compliance, do you have the right in-house technical capabilities and policies to future-proof your organization? Conduct a gap analysis and map out an end-to-end, integrated compliance solution instead of operating with disparate point solutions or large in-house teams that rely on manual processes.

They should look for an integrated risk and compliance solution that seamlessly supports this ongoing effort by aggregating the various external and internal compliance-related and operational risk information into a single, SaaS source that can remain flexible with changing variables and helps them build a more resilient and higher performing business.

Integrated solutions with a unified view of information are vital because they help all departments - from risk and compliance to legal and HR professionals - work together to better understand the challenges inherent in their business, and streamline risk and compliance management and reporting.

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