Compliance Challenge #5: Speaking Different Languages
Compliance professionals shouldn't feel like they need an interpreter to communicate with IT and legal teams. In addition, most also serve as a translator to make sense of the laws and standards they're charged with analyzing. However, a truly effective compliance program will rely on a framework that not only includes a single, comprehensive taxonomy that intelligently classifies standards, guidelines and best practices, but also clearly defines terms through a common language so that people across the organization can get – and stay – on the same page.
Having a common language in place helps bridge the gap between ever-evolving regulations and internal company processes. It ensures that content is easily digested and understood, helping to streamline workflow, empower teams to make faster, better-informed decisions, and maximize business performance.
Companies are struggling to understand and implement the right policies and controls to meet ever-evolving compliance mandates. Yet strict adherence to individual compliance standards means they've likely implemented controls they do not need, while inadvertently leaving out important controls necessary for an effective program. This cookie-cutter approach can actually leave organizations more exposed than ever before to potential security risks and controls failures.
In this slideshow,Unified Compliance CEO, Craig Isaacs, explores current compliance gaps, major compliance challenges and practical tips to create more effective compliance programs.