5 Pressing Compliance Challenges You Will Face in 2021 The year 2021 ushers in a new decade of business change, especially considering the roller-coaster that 2020 was. As organizations move forward, there are various compliance challenges both new and old that compliance officers must come to terms with. Compliance refers to playing according to the rule book, so amid geo-political changes, data privacy concerns, questions on operational resilience, and cybercrime threats, there is new interest in policy and regulatory mandates. Read more
What Is SOC 2 Compliance? With digitization of services progressing at a relentless pace, businesses are storing large volume of customer data . But with sensitive information being routinely handled by service providers and third-party associates, there is a pressing need for increased information security. Data breaches and cybercrime too are a threat to security. In such a scenario, it is not uncommon for clients to want an independent review of your internal controls for data security prior to partnering with you, especially if you are a SaaS organization. Read more
What Is Risk Mitigation? And Why Is It Important? Risks are inevitable in business. Businesses must reduce their exposure to risks and find ways to mitigate them to remain competitive in business. The ultimate goal of risk mitigation is to minimize the likelihood and severity of adverse events while enhancing an organization's ability to navigate uncertainties. This blog explores the concept of risk mitigation and highlights its significance in managing and reducing potential threats to organizations. Read more
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