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Governance and Risk Compliance as a Service: An Insurance from the Unknown and Uncontrollable

‘The problem isn’t with what you know that you don’t know but what you NOT know you don’t know’

If this sounds complex, that’s precisely what compliance management is. However, in simple terms, compliance operations entitle periodic assessment to analyze whether current operations, assets, and IT systems are adherent to national, global laws and regulations or not. Often these regulations entitle security measures, data privacy and residency laws, resource/asset management regulations, financial policies, international standards commitments for a service, and more.

40 million dollars: Average financial impact due to non-compliance on a global scale

54% Security losses curtailed by companies deploying data governance solutions

20 million euros/2% of annual turnover, whichever higher: Fine imposed by a single GDPR violation

But, most organizations, especially SMEs, lack compliance-specific resources and are not aware of the ever-evolving national and global regulations and IT standards. Hence, with time, firms lag in due compliance and eventual remedial actions that could lead to drastic consequences.

Any loophole could make enterprises highly vulnerable to cyber-attacks and legal hassles, jeopardizing operational futures.

This is where Compliance-as-a-Service or Governance and Risk Compliance Consulting managed providers come in handy.

Is Compliance-as-a-Service Really Worth it?

Don’t think twice if your enterprise tick at least one of the below boxes

Escalating operations and management costs due to frequent regulation changes

Lack of general awareness on what to comply with and how to achieve the same

Lack of monitoring and visibility of IT infra health, deployed across multiple departments

Security teams are fatigued with alerts overload leading to a lack in 24/7 governance of implemented security solutions

Lack of dedicated cybersecurity, compliance and governance team overseeing all operations

Delayed enterprise expansion plans owing to IT legality and related concerns

Dataflow management, hosting, and transfer concerns across regions

Time-hungry, resource-intensive manual approaches to compliance and governance leading to frequent lapses

But, implementing compliance and governance individually isn’t easy. Such efforts could lead to upwards of 5 million dollars in expenses, excluding the unprecedented time and resource losses.

What Drives Up Enterprise Compliance Management Costs?

  • Data protection and data management policy enforcements
  • Frequent audits and assessments to realize the current compliance scenario
  • Developing internal governance policies and compliance management processes
  • Adequate hiring, upskilling of staff to manage compliance-related tasks
  • Acquiring due regional, national, and international compliance and standard certifications
  • Additional investments in security monitoring, governance technologies, and platforms

Take the Cloud4C Tonic: Outsource your Governance, Risk, and Compliance management activities end-to-end. Focus on Core Operations that Matter More.

As the world’s largest application-focused managed cloud services provider, cybersecurity tops the priority list for client deliveries. Usually, different organizations need to comply with different sets of standards or achieve tailored sets of certifications. Cloud4C compliance consulting experts run periodic assessments on client infrastructure to realize the latter’s current compliance needs. Following the initial procedure, a fail-proof compliance management strategy is drafted to realize and meet the ever-evolving regulatory needs in the future. Gain 24/7 support with the maximum enterprise security guarantee.

Discover More: The Unreal Benefits of Outsourcing Governance, Risk, and Compliance Management Services

icon for world class compliance audits while providing compliance as a service

Access to world-class compliance specialists adept with the ever-changing compliance, legal, regulatory, and IT standards. Alleviate all compliance concerns with respect to data, infrastructure, data residency etc. with cutting-edge cloud solutions.

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Industry and vertical-specific compliance management and governance and risk compliance consulting offerings, audits, and processes to meet custom enterprise demands and objectives.

icon for cybersecurity management while providing compliance as a service

Advanced cybersecurity management as a package. Advanced solutions to address end-to-end functionalities in the threat management lifecycle. Help prevent data breaches.

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Explore deep risk and security analytics to make smarter risk management strategies. Integrate with threat intelligence tools for contextual insights on attacker behaviours, motives, and techniques.

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Seamless compliance with national and global regulatory standards including IRAP, SAMA, FINMA, RBI, MAS, OJK, PCI-DSS, GDPR, HIPAA, HITRUST, GXP, ISO, and more.

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Dedicated compliance services based on geo-native requirements, seamlessly aligned to data residency and privacy requirements. Rapidly adapt to advanced disaster recovery strategies.

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Automated compliance audits and assessments across the entire IT and cloud ecosystem periodically, overseen by domain specialists

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Greater visibility and strategic actions to optimize costs and resource allocations

Cloud4C Experts: Charting your route to higher ROI's

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What’s Covered: Cloud4C End-to-end Governance and Risk Compliance Management or Compliance-as-a-Service Capabilities.

Having successfully dealt with 4000+ transformation stories across 25 nations, Cloud4C is best positioned to realize the important, modern compliance regulations and standards enterprises should abide by.

The following is a descriptive chart:

IRAP

irap compliance in compliance services

 

Information Security Registered Assessors Program or IRAP concerns a set of security protocols and frameworks to audit, analyze, and measure cybersecurity efficiency of an organization basis Australian security requirements and standards. This is monitored by the Australian Signals Directorate (ASD)

Bank Negara

bank negara malaysia compliance while delivering compliance services

 

A major compliance framework and regulations catering to BFSI activities and banking institutions monitored by Bank Negara Malaysia (BNM)

Central Bank of Oman

central bank of oman compliance  while delivering compliance services

 

Regulations certified by Central Bank of Oman catering to all BFSI functions and banking institutions in Oman

SAMA

saudi arabian monetary authority SAMA compliance while delivering compliance services

 

Centralized cybersecurity framework and processes regulated by Saudi Arabian Monetary Authority to guide organizations across all industries to effectively protect their operations, assets, and data.

FINMA

Swiss FINMA compliance in governance and risk compliance management under compliance services

 

Regulations and frameworks offered by the Swiss Financial Market Supervisory Authority to supervise banks, financial institutions, insurance companies, stock exchanges, securities dealers, etc.

UAE Compliances

Dubai electronic security center  compliance in governance and risk compliance management under compliance services Government of Dubai UAE FINMA compliance in governance and risk compliance management under compliance services

 

Broader UAE compliances regarding data residency, privacy, and other regulations governing enterprise functions in the United Arab Emirates.

RBI

Reserve Bank of India RBI compliance in governance and risk compliance management under compliance services

 

Compliance regulations for BFSI activities and financial institutions concerning security, operational management, data administration, etc. Delivered by the Reserve Bank of India, the nation’s premier banking organization.

MAS

Monetary authority of SIngapore MAS compliance in governance and risk compliance management under compliance services

 

Guidelines issued by the Monetary Authority of Singapore, the nation’s central BFSI authority on outsourcing operations and processes of financial institutions.

OJK

OJK Indonesia compliance in governance and risk compliance manager under  compliance services

 

Regulations issued and monitored by the Financial Services Authority of Indonesia (Otoritas Jasa Keuangan) on the functioning and operations of financial institutions.

GDPR

GDPR compliance in governance and risk compliance management under compliance services

 

General Data Protection Regulation is a set of advanced regulations governing the collection and usage of personal data from individuals residing in the European Union.

PCI-DSS

PCI DSS compliance in governance and risk compliance management under  compliance services

 

The Payment Cards Industry Data Security Standard sets frameworks and benchmarks to ensure that all enterprises engaging in accepting, storing, processing credit card data maintain a highly secure environment.

HIPAA

HIPAA compliance in governance and risk compliance management under compliance services

 

Standards and frameworks set by the Health Insurance Portability and Accountability Act to ensure the privacy, security, and integrity of sensitive patient information. The HITRUST (Health Information Trust Alliance) certification is garnered by healthcare companies as proof that they comply with HIPAA standards.

GXP

GxP compliance in governance and risk compliance management under compliance services

 

The GXP compliance standard is an acronym for regulatory requirements and guidelines applicable for the broader life sciences, food, and medical products, etc (The ‘X’ stands for any letter applicable vertical-wise). For instance, Good Laboratory Practices (GLP), Good Clinical Practices (GCP), Good Manufacturing Practices (GMP).

ISO Standards

ISO Standard and compliance in governance and risk compliance management under compliance services

 

Introduced by the International Organization for Standardization, these frameworks certify the global standard requirements applicable to any offering or service. The number after an ISO refers to the concerned category: ISO-27001, ISO-27017, ISO-27018, ISO-22301, ISO-20000, etc.

We Go Beyond the Usual Territories: Extended Data and Asset Compliance-as-a-Service

Governance and Risk Compliance Auditing
  • Log retention, management, and analysis
  • Deep analysis to detect malicious behaviors
  • Integrate data from a large variety of security tools and solutions
Asset Discovery and Monitoring
  • Active and passive asset discovery
  • Inventory and change control
  • Threat detection and prevention
Reporting and Audit Support
  • Audit-ready reports for multiple compliances and regulations
  • Comprehensive asset inventories
  • Detailed vulnerability assessments
  • Custom reports and services

Implementation Strategy 101: Meet your Compliance-as-a-Service Team

Checks, audits, and monitors databases, data, and dataflows so that they successfully comply with an organization’s custom regulatory requirements such as GDPR, Data Residency laws, etc.

Audits current IT processes and functionalities, runs periodic assessments to realize compliance loopholes in the organization. In charge of presenting insightful compliance audit reports to initiate further actions.

Identifies vulnerabilities across the entire organization and implements due risk management protocols. Runs periodic risk assessment processes.

In charge of an organization’s entire information security operations, this role helps in implementing modernized data security frameworks to protect rest and in-transit enterprise information. Ensures that all current data operations comply with relevant regulatory standards.

Many national and international compliance and offering standards such as ISO requires an agile, transformative approach from organizations. This often includes the deployment of management systems to ensure all business processes are properly administered, inter-linked, and visible end-to-end. The Management System Manager is in charge of overseeing such developments.

  • Data Protection Officer

    Checks, audits, and monitors databases, data, and dataflows so that they successfully comply with an organization’s custom regulatory requirements such as GDPR, Data Residency laws, etc.

  • Auditor

    Audits current IT processes and functionalities, runs periodic assessments to realize compliance loopholes in the organization. In charge of presenting insightful compliance audit reports to initiate further actions.

  • Risk Manager

    Identifies vulnerabilities across the entire organization and implements due risk management protocols. Runs periodic risk assessment processes.

  • Chief Information Security Officer

    In charge of an organization’s entire information security operations, this role helps in implementing modernized data security frameworks to protect rest and in-transit enterprise information. Ensures that all current data operations comply with relevant regulatory standards.

  • Management System Manager

    Many national and international compliance and offering standards such as ISO requires an agile, transformative approach from organizations. This often includes the deployment of management systems to ensure all business processes are properly administered, inter-linked, and visible end-to-end. The Management System Manager is in charge of overseeing such developments.

Proof Of Expertise

security assurance in governance and risk compliance management under  compliance consulting services

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Cloud4C Compliance as a Service for BFSI enables banking and financial institutions to identify and meet regulatory requirements in a cost-effective way. More information is available in the whitepaper.

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The Difference: Why Trust Cloud4C’s Governance and Risk Compliance Management or Compliance-as-a-Service Offerings?

icon for world's largest application focused cloud services provider  delivering compliance consulting services

Trusted, World’s largest Application-focused Managed Cloud Services Provider and one of the leading managed cybersecurity companies

icon for global enterprise clients while  delivering compliance consulting services

Serving 4000+ enterprises including 60+ Fortune 500 organizations in 25+ countries across Americas, Europe, Middle East, and APAC for 12+ years

icon for security controls, certified cloud experts delivering compliance consulting services

40+ Security Controls, 25+ Centres of Excellence, 2000+ global cloud experts

icon for global and local regulatory compliance coverage  delivering compliance consulting services

One of the most trusted managed compliance companies with pre-met compliance needs for local, national, and global compliance requirements including IRAP, GDPR, HIPAA, SAMA, CSA, GXP, and ISO Certifications

icon for large cloud volumes managed while delivering compliance consulting services

3200 UTMs, 13000 HBSS, 800000 EPS

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7 Security frameworks utilizing the MITRE ATT&CK, CIS Critical Security Controls, and more

icon for compliance reuirements for OEMs in delivering compliance consulting services

Experience in managing compliance requirements for multiple OEMs with modernized security and governance offerings

icon for automated security solutions while delivering compliance consulting services

Automated Security Solutions for threat prediction, detection, and response: Advanced Managed Detection and Response Solutions (MDR)

icon for SOC expertise world's while  delivering compliance consulting services

Global expertise in managed SOC (Security Operations Center) services and solutions

icon for cybersecurity consulting, audit and assessment while delivering compliance consulting services

Dedicated Cybersecurity and Compliance Consulting, Cybersecurity Assessment, and Audit Reporting offerings leveraging advanced automation solutions

icon for cybersecurity team delivering compliance consulting services

Advanced Cloud4C Cybersecurity Incident and Response (CSIRT) team

icon for threat intelligence in cybersecurity consulting, while delivering compliance consulting services

Threat Intelligence powered by Industry-leading platforms such as Microsoft, OSINT, STIX&TAXI, MISP, etc. and Cloud4C Threat experts

icon for threat management using cloud native tools  while delivering compliance consulting services

Considerable threat management expertise in securing large and complex environments and using advanced functionalities of leading industry tools as well as Cloud-Native Security tools

icon for SIEM deployment while delivering compliance consulting services

Experience in deploying and managing robust SIEM – helping enterprises to proactively assess vulnerabilities and automate, accelerate incident response

icon for expertise in deployment of public, private, hybrid, mutli cloud models while delivering compliance consulting services

Comprehensive expertise in managed public, private, hybrid, and multi-cloud governance and risk compliance services, especially powered on AWS, Azure, GCP, Oracle Cloud, IBM Cloud, etc

Australian Federal Agency

Compliance Success Stories that Define
Us and would Inspire You

australian federal agency unlocking compliance management using  compliance as a service offering

Australian Federal Agency

RPA-powered Azure cloud solution and IRAP compliance integration for streamlined SAP workflow management of State's leading Federal Agency

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fintech player ensuring banking regulatory compliance using  compliance as a service offering

BankIT

India's leading e-payments enterprise achieves RBI Compliance and Business Continuity through robust, integrated DRaaS solution suite

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Legacy bank leverages banking cloud solution for total compliance in all markets

Global Premier Bank

GDPR and Digital Compliance, Innovative Cloud Architecture for worldwide operations of a Top 10 Global Bank

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payment company achieves compliance standards using compliance consulting offering

Payswiff

Digital Payments Major achieves cloud-enforced PCI DSS compliance paired with advanced security controls

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 IT services provider achieves complete compliance  using  compliance consulting services

Senrysa

Transformed, AWS-backed Flexible Operating Model overcomes scalability issues while ensuring high application performance, PCI-DSS compliance and a secure ecosystem

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Compliance-as-a-service - FAQs

  • What is a compliance service?

    -

    Compliance services entitle periodic assessments, audits, and deployment of compliant systems and frameworks to ensure an organization is compliant with national and international standards, data laws, etc

  • What do you mean by Compliance-as-a-Service or CaaS?

    -

    Compliance-as-a-Service is a package in which organizations can choose to avail compliance-specific services including auditing, consulting, and implementation offerings on top of the availed managed cloud services. Clients can opt for compliance management tools and solutions too delivered from the cloud.

  • What are the main advantages of CaaS?

    -

    The primary advantage of Compliance-as-a-Service is the minimization of risks and threats occurring to an enterprise’s core and overall operations. Dataflows need to be compliant with certain regulatory requirements to ensure the complete safety and privacy of stakeholders. Non-adherence to the same could be perilous to an organization’s progress.

  • What are RegTech companies?

    -

    RegTech companies provide compliance and regulatory management solutions including documentation tools, audit tools, compliance check platforms, etc

Cloud4C - Empowering Your Enterprise With A Compliant Eco-system