Compliance in companies has gone from being a trend to becoming a fundamental need for many organizations. From protecting corporate integrity to ensuring regulatory compliance, compliance is positioned as a key tool for the success and sustainability of any organization.
In this article, we’ll discover compliance, its core functions, how it influences cybersecurity and the legal framework, and how solutions like Engec’s Kartos can make a difference.
What is compliance, and why is it so important?
Business compliance refers to the procedures, policies, and controls that ensure an organization complies with applicable laws, regulations, and internal rules. In a time of sanctions, fraud, and reputational scandals, having a robust compliance program is necessary and strategic.
An example of a company’s compliance could be a program that prevents money laundering by adhering to regulations such as the Law on the Prevention of Money Laundering. These initiatives protect companies from legal sanctions and strengthen customer and partner trust.
Outstanding functions of compliance in the company
The success of compliance lies in the breadth of its functions, which range from legal risk management to protection against digital threats. Here are some of the most relevant:
1. Legal and regulatory compliance
One of the primary responsibilities of compliance is ensuring that the company operates within the legal framework. This includes complying with local, international, and sector-specific laws and regulations.
For example, the company’s legal compliance may involve implementing a system to manage the GDPR (General Data Protection Regulation) and ensuring that customers’ data is adequately protected and managed.
2. Risk management
Identifying and mitigating risks is a crucial task of compliance. These risks can be financial, operational, or reputational. The aim is to prevent the company from facing financial penalties, loss of customers, or damage to its public image.
3. Promotion of an ethical culture
Compliance also seeks to promote a business culture based on ethics and values. This includes continuous employee training and creating a clear and accessible company compliance policy.
4. Strengthening cybersecurity
Cybersecurity compliance is more relevant than ever in an increasingly complex digital environment Protecting sensitive information, preventing cyberattacks, and ensuring operational continuity are fundamental aspects of any compliance program.
For example, a company can implement cybersecurity measures such as continuous threat monitoring, ensuring that systems are always up to date and protected against vulnerabilities.
5. Audits and internal controls
Compliance establishes auditing processes to ensure that standards are effectively complied with. This includes periodic reviews and mechanisms to detect and correct non-compliance early.
How to implement an effective compliance program?
Creating an effective compliance program requires a comprehensive approach tailored to the specific needs of each organization. Here are some keys:
- Risk analysis. Identify your company’s most vulnerable areas, whether legal, financial, or digital.
- Training and awareness Educate your employees on the importance of compliance and provide them with the tools they need to act ethically.
- Clear policies. Establish clear rules and procedures, ensuring they are understandable and accessible to all levels of the organization.
- Technological tools. Rely on technology solutions like Kartos to manage threat exposure and ensure regulatory compliance.
The importance of compliance in cybersecurity
Cybersecurity compliance protects the company’s systems and data and reinforces the trust of customers and partners. Some best practices include:
- Continuous threat monitoring.
- Use of advanced cybersecurity tools to detect suspicious activity.
- Creating clear protocols for responding to security incidents.
In this context, having solutions like Kartos is essential. This Enthec tool enables companies to proactively manage their threat exposure, ensuring a continuous threat exposure management (CTEM) approach that protects information and corporate reputation.
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Benefits of employing a solution like Kartos
Kartos is a comprehensive solution designed for companies looking to strengthen their compliance strategy. Some of its benefits include:
- Early identification of risks. Detects web vulnerabilities before they can be exploited.
- 24/7 monitoring. Ensures constant monitoring of digital threats.
- Compliance. Helps to comply with industry regulations and avoid legal penalties.
- Reputation protection. Minimizes the impact of potential incidents on customer trust.
Compliance in companies is much more than a legal requirement; it invests in sustainability, ethics, and corporate security. From regulatory compliance to cyber threat protection, their roles are essential to ensuring success in an increasingly demanding business environment.
Invest in cyber surveillance solutions like Kartos by Enthec to improve your company’s compliance. Its focus on continuous threat management gives you the peace of mind and support to focus on what matters: growing your business safely and responsibly.
Discover everything Kartos can do for you and protect your company today!