Gauge risk and brace your business for a stalwart compliance mechanism.
VLC Solutions understands that risk management and compliance adherence can be a struggle for businesses. With a consistently
transforming regulatory landscape, it can be arduous for enterprises to match pace accordingly.
This causes the liabilities to snowball at the organizational level and so do the risks attached to it. Slipping up on critical compliance standards can land you on possible breaches of security and subsequent penalties, eventually impacting your business repute.
The various compliance regulations that we primarily deal with are CMMC (Self Assessments and Preparedness) , FISMA / NIST 800-53 , HIPAA Security Standards , ISO 27001:2013 , MARS-E Security Standards , New York Cybersecurity (23NYCRR 500) , Payment Card Industry (PCS-DSS).
The Spillover Nature of Compliance Services
Understanding the underlying relevance of compliance.
For plugging the loophole of fragmented compliance adherence, the management forces need to ensure a centralized and streamlined operating model
so that the contemporary regulations are met.
At VLC Solutions, we narrow down our focus to just that and let your business stay updated on robust vendor management, cybersecurity support, risk assessment, and compliance standards. We also assist you in developing high-end strategies to suit your compliance needs, adapting to the dynamic landscape of regulatory compliance norms.
Compliance Risk Management: The Whys and Hows
Smart and Healthy organizations need to address organizational compliance in a calculated fashion. Utilize the below list to secure your business to proceed with a wide-ranging compliance and risk management strategy.
It is essential to make the departments of your business aware of their compliance responsibilities. A plan to set up a benchmark to determine this would be your first step. Identifying unseen stakes and risks and developing insightful systems of communication chains form a prominent trait of all team members.
Third-Party Vendor Plan
Using third-party software services, applications, infrastructure, etc. or even a SaaS should embolden your business to rack up a firm vendor management policy that infuses the least unrestricted access.
Compliance norms require you to be having a pre-emptive stance to address concerns rather than reacting to challenges when they occur. Businesses should be well-planned to approach risk and regulatory glitches.
Calculate your managerial acknowledgment in business decisions pertaining to compliance regulations. Seek administrative assistance and see if they’re on board with rolling out the same plan.
A Three-Phased Compliance Plan:
The procedure for enhancing your compliance mechanism can be primarily embedded into three major phases. Adhering to a strategic process can assist in pre-determined vision and implementation. Cut down on your penalty payments on CMMC (Self Assessments and Preparedness) breaches by religiously following the below checklist.
Stage 1: Identifications
Set in motion a basic plan with the following assurances
- Organize an in-depth inventory assessment
- Work on reliable managerial assistance
- Demarcate the departments associated with compliance concerns
- Conduct an analysis to recognize potential assets that are compliance related
Stage 2: Execution
Get your plan off the ground by checking the intent of earnestness in your team with respect to regulation adherence.
- Organize sessions for employee education on compliance parameters
- Create a unified compliance committee within your business
- Call in domain experts or professionals to aid in further assistance
- Delineate the difference between security and compliance and that one doesn't automatically guarantee the other
- Figure out a robust third-party vendor policy for a distinct security engagement