Navigating the Labyrinth: Top 6 Compliance Mistakes Organizations Make

By |2024-04-03T09:19:01-04:00February 28th, 2024|blog, Data Compliance, Information Governance and Management, Technology|

In today’s complex regulatory landscape, staying compliant feels like negotiating a maze. One wrong turn can lead to hefty fines, reputational damage, and legal repercussions. However, when companies understand common compliance mistakes and take proactive steps, compliance becomes an organic part of doing business. 1. Ignorance is Not Bliss: Failing to Keep Up with Regulations GDPR took effect in 2018, initiating a cascade of regulations across the globe. New privacy laws and industry regulations appear on the scene every year, and governing bodies regularly make adjustments. If organizations neglect to stay on top of regulatory changes, they may mistakenly assume

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How to Conduct a Compliance Risk Assessment

By |2021-06-07T05:46:21-04:00May 18th, 2021|Data Compliance, Information Governance and Management|

The privacy landscape has changed significantly since GDPR went into effect in 2018. In fact, Gartner predicts that by 2023, privacy regulations will cover personal data of 65 percent of the global population. These regulations place a heavy responsibility on the organizations that hold the data. Conducting a regular compliance risk assessment, therefore, proves essential. The National Institute of Standards and Technology (NIST) defines privacy risk assessment as “a process that helps organizations to analyze and assess privacy risks for individuals arising from the processing of their data.” From a data perspective, this means that organizations must first determine what

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