Request Demo

Corporate compliance and oversight (CCO) is one of the main pillars to a strong integrated risk management (IRM) program and solution. Today, compliance leaders are faced with a rapidly changing landscape of new compliance requirements from regulatory bodies, partners, and vendors. When iterating your corporate compliance program, ensure the solution that supports your compliance team has the core requirements necessary to empower your team and augment their efforts.


Policy Development and Management

CyberSaint_CCO buying guide 1

Compliance policies are one of the primary forces that shape internal security requirements. As a result, any CCO solution must be able to support the development and management of those policies. Specifically, the ability to directly map your policies and controls to compliance requirements to ensure your organization meets given security requirements. These requirements can be delivered from industry governing bodies (HIPAA, DFARS, PCI) or through a partner (DFARS in this case if you are apart of a DoD supply chain). Alongside regulatory information management, your CCO should also support the management of internal policies such as ethics and behavior. A strong compliance management tool will be able to support the end-to-end creation and maintenance of your policies including the creation and version control as well as an approval workflow.

 

Aggregation and Normalization

CyberSaint_CCO buying guide 2

Any enterprise organization faces a complex world of regulatory requirements and compliance officers face the challenge of fatiguing out. A powerful compliance management software such as CyberStrong allows you to aggregate your compliance requirements from multiple sources and with features like control tagging, know which controls help you meet which compliance requirements. This combination of compliance requirements serves as a facet of a strong risk-based security program.

 

Control Assessment and Monitoring

CyberSaint_CCO buying guide 3a

CyberSaint_CCO buying guide 3b

A CCO platform, or IRM platform with CCO capabilities such as CyberStrong, supports the compliance process from end-to-end. This means that alongside the aggregation of compliance requirements, a strong CCO solution will support the assessment and monitoring of controls necessary to meet your compliance requirements. The features necessary to accomplish this task are collaborative functions (assignments) to support your compliance team, control catalog and reporting, and compliance metrics.

The CyberStrong Integrated Risk Management solution supports all of these functions through control tagging, our collaborative functionality, and our data visualization capabilities that gives a real-time view of your progress to compliance.

 

Workflow and business process management

CyberSaint_CCO buying guide 4

Agility is a critical trait to a successful compliance leader. With the release and update of compliance requirements from myriad sources, your CCO solution must be able to support ever-evolving management processes and workflows.

Your CCO management system must be able to provide the flexibility for continuous refinement and development while also helping to support current efforts. IRM platforms with CCO abilities like CyberStrong allow you to integrate new frameworks, and customize frameworks all built on the gold-standard of the NIST CSF. The CyberStrong platform also supports program management at a more granular level with control assignments and tagging to keep your team accountable and organized.

 

Investigative case management

CyberSaint_CCO buying guide 4b

No organization is 100% secure and as a result, compliance officers must be prepared to manage compliance issues and corrective action. Your CCO solution must be able to support this effort with compliance incident management and analysis. The solution must be able to also support the transparency that a risk-based compliance program necessitates. This includes relaying efforts and needs to non-technical stakeholders. Tools like CyberStrong are able to effectively and easily convey critical information to both technical and non-technical departments and leaders.

Don’t mistake complexity for value

Digitization is causing a strong CCO program to be indispensable to any enterprise. In choosing a solution do not mistake complexity for value. The solution you choose for your organization must lend the flexibility necessary to navigate the rapidly changing regulatory and compliance landscape. Ensure that your solution adheres to strong best practices and supports the development and maintenance of a risk-based approach. The compliance field will only come more complex in the coming years and a checkbox approach will leave your organization taxed. IRM systems like the CyberStrong platform that are built on the gold-standard NIST CSF empower compliance teams to meet the necessary compliance while providing a single-pane-of-glass view to senior leadership.

Read more about the value of an integrated risk management approach and critical capabilities of an IRM solution in the CyberSaint Integrated Risk Management Solution Buying Guide.

See why leading compliance teams use CyberStrong: 

 

You may also like

Developing Your Risk Management ...
on July 14, 2020

The scope and process for an organization seeking to implement the NIST Cybersecurity Framework (CSF) can be daunting for even the most experienced CISO to handle. Despite the ...

Choosing the Best Risk Cyber Risk ...
on July 13, 2020

Many vendors and organizations alike see opportunity and necessity in the nebulous realm of cyber risk quantification. As we’ve seen before, risk quantification and risk modeling ...

Using CyberSaint Power Controls to ...
on July 7, 2020

Two of the National Institute of Standard and Technology’s most popular frameworks, the NIST Cybersecurity Framework (CSF) and NIST Special Publication 800-53, are some of the ...

Prioritizing Cyber Risk Management ...
on July 6, 2020

The risk posed to organizations by cybersecurity threats is large and increasing. COVID-19 related adjustments at home and at work, the move to a remote workforce, and increasing ...

Alison Furneaux
Critical Capabilities of IT Risk ...
on June 22, 2020

Risk management is rapidly becoming the foundation of organizational security efforts, replacing checklist compliance as a cornerstone of a successful security program. This shift ...

What is Cyber Risk Management
on June 21, 2020

Risk management is a fundamental component of any successful organization and has been since the dawn of corporations as we know them. The primary function of risk management as a ...