Knowledgebase

Knowledgebase

What Is the Importance of Compliance Monitoring?

Posted on Aug 05, 2021 1:32 am

Compliance monitoring is an important topic that’s often underrated by businesses.

The truth is, compliance monitoring doesn’t end with the initial assessment of your network. It’s vital to continue to ensure all changes have been reconciled. It’s also critical to make sure that there are no vulnerabilities in your system.

Here, we’ll highlight the importance of compliance monitoring. We’ll also discuss how network governance compliance monitoring can help keep your company in line with regulatory requirements, as well as provide a higher level of protection for sensitive information on your network.

Learn more about the importance of compliance monitoring by reading on.

Understanding Compliance Monitoring

Compliance monitoring relates to your quality assurance testing. It’s how businesses keep a watchful eye over their organizations. Compliance also helps companies to meet regulatory guidelines and internal process responsibilities.

In many cases, compliance monitoring is the law. For example, lawmakers may require a company to submit a compliance monitoring plan before allowing it to operate. In the report, the company’s must detail their plans for compliance monitoring.

Here, companies must provide a detailed accounting of the robustness of their monitoring program. In this environment, compliance is a central tenet of governing rules.

In most cases, this kind of company will have a dedicated compliance team. The team will take responsibility for the tracking and monitoring of compliance. They’ll make sure that all daily activities comply with appropriate procedures.

Also, a separate internal audit team might provide additional checks and balances. This kind of team is typically present in larger organizations. They’re also usually established within more complex entities.

Compliance monitoring is an important part of the overall network governance process. The result is a higher level of protection for your company’s sensitive information, which will help to keep it protected against cyber threats now—and in the future.

The Importance of Compliance Monitoring

Compliance is important because it ensures that your company’s cloud security and data privacy policies are being followed. It also helps to ensure that you’re not violating any laws or regulations.

In simple terms, compliance monitoring makes sure that your operation is performing as it should. It can also enable you to identify areas of non-compliance.

Non-compliance could come in the form of a violation of internal policies. It may also arise due to a violation of external regulations. Furthermore, non-compliance could prove accidental or intentional.

Part of compliance monitoring involves documenting the existence of your process. Monitoring the process helps organizations to prove that proper procedures are the norm. What’s more, it shows that they’re robust and enforcing them.

In the long run, compliance helps to improve organizational performance. The first step to achieving this result is monitoring.

You must know where your company stands before you can quantify improvements. You can only confidently ascertain that your company’s improved by identifying compliance gaps.

The only way to track said gaps is by maintaining a comprehensive scorecard over time. Furthermore, you must carry out rigorous checks against your compliance scorecard.

Wrapping Your Head Around a Plan

There are many things that you must consider when creating your compliance monitoring plan. First, you must develop a comprehensive plan.

It must cover all the compliance risks that your various departments face. It must also include the proper steps for mitigating those risks.

Also, it’s important that your compliance plan is appropriate for the size of your company. It must also serve the complexity and nature of your business. Here, it’s vital that your compliance plan addresses the environment in which you operate.

A comprehensive compliance monitoring program should describe how you test for compliance. It should also clearly identify who’s responsible for carrying out compliance tasks.

Also, your plan should specify how often you’ll test for compliance. It should also highlight how you record and collect evidence for compliance testing.

Before you start creating your plan, however, it’s important that you perform a detailed assessment of your risks. During this assessment, it’s critical to consider the compliance risks faced by your entire organization.

This kind of assessment will help you to gain a clear and complete nature of your risk profile. With this information, you can develop a foundation for a solid compliance monitoring program.

Compliance Tools to Get You on Track

Compliance affects all areas of operation. Even companies that are loosely regulated must comply with government or industry standards.

Today, good governance isn’t an option. It’s a mission-critical element of business operation.

Still, compliance monitoring can prove complex—especially for large organizations. Fortunately, compliance automation software makes the task manageable.

With the right software, you can get on a smooth path to robust compliance reporting. In turn, you can ensure a more compliant organization.

The following tools may help you find your way down the path to compliance.

Cohesity

Cohesity is a leader in backup and recovery software. The application is key in helping companies defend themselves against ransomware.

As a business leader, it’s important to stay on top of cloud trends, especially if your company is heavily dependent on data. Today, more companies turn to cloud services as part of their data protection strategy, whether a private cloud or public cloud.

With DataProtect, you’ll enjoy the confidence of protection and modern data sources. What’s more, it operates on a single platform.

The technology also enables you to create SmartFiles. SmartFiles is a software-defined file and object service. It can give your organization next-level intelligence, efficiency and scalability.

Also, Cohesity can give you access to automated disaster recovery. With it, you can enjoy near-zero downtime and zero data loss.

Rubrik

As most of today’s business leaders know, data is the most valuable asset of any company. Any data loss can cause irreversible damage.

Data recovery is a core aspect of compliance for this reason. At data centers, companies store secondary copies of important information. The copies serve as a failover for production workloads.

In the 2021 cloud computing environment, many of the issues of traditional disaster recovery are negligible. Companies don’t have to deal with a physical site. Still, they must have a plan for disaster recovery.

Rubrik enables companies to store backup data across many locations. This capability eliminates the single point of failure.

With Rubrik, you can archive data for cloud users. The platform also automates the backup and recovery of data.

VMware

Today, a growing number of employees work from home. As a result, IT departments are struggling to secure integrated systems and shared resources. They’re also trying desperately to find ways to cut costs.

Luckily, VMware can serve as a solution. It can improve your company’s efficiency and save you money.

With VMware, you can create a virtual representation of many resources. These resources might include:

• Applications
• Networks
• Servers
• Storage

You can even use a VMware cloud to virtualize data, memory and storage.

S3 Storage

S3 storage is a solution that supports the access and management of data. More importantly, it enables storage using an S3 compliant interface.

S3 compliance is one of several programs that can help you to meet various regulatory requirements. These regulatory requirements might include:

• FedRAMP
• FISMA
• HIPAA
• HITECH
• PCI-DSS
• The EU Data Protection Directive

With an S3 storage solution, you can store an unlimited number of objects. This kind of resource makes use of a scalable cloud-based file system. More importantly, the file system is highly available.

Finding a Partner in Compliance

These are the top tools to aid in compliance monitoring and keeping data secure. With them, you can protect your data, clients and company. They make it easier to deploy an IT monitoring strategy.

Hopefully, we provided you with information that can help you to improve your company’s compliance monitoring. If you have questions, however, NETdepot is glad to help.

We can help you to deliver a frictionless customer experience. More importantly, we can show you how to leverage the latest technology so that you can deploy robust compliance monitoring effectively.

Start on the Path to Compliance Today

Now you know more about the importance of compliance monitoring. You’ve also learned about the global leader in Security as a Service (SaaS) and infrastructure managed services—NETdepot.

It’s important to have a compliance officer on staff, but—often—it can prove beneficial to let a fresh pair of eyes take a look at a problem.

Our team of experts is ready and waiting to consult with you about how we can provide the best possible solution for your organization’s needs. What’s more, we have an arsenal of network tools at your disposal, such as our Houston colocation center.

Contact NETdepot today at (844)-25-CLOUD or connect with us online to learn more about our solutions for compliance monitoring.

Tags

Contact Us

/** * Pardot script * */