What is compliance risk management?
Risk management describes the process of proactively identifying potential risks, analyzing those risks, and taking precautions to minimize risks; compliance risk management describes an organization’s process of managing the risk of non-compliance with pertinent regulations. Because compliance risk management looks different for different companies, each company should develop an appropriate compliance risk management program that is designed to suit its specific business processes and regulatory compliance concerns.
Taking into consideration the speed at which business changes and the variety of regulations with which businesses must ensure their compliance — including SOC 2, GDPR, HIPAA, ISO, and other rules and standards — an organization should consider how it can best develop an integrated company-wide compliance strategy.
A comprehensive compliance risk management strategy enables an organization to understand and effectively address potential threats to its ability to conduct its business.
Join our upcoming webinar, where leading cybersecurity experts Ciaran Martin and Victoria Baines will discuss findings from Vanta’s second annual State of Trust Report. Understand the risks facing UK organisations, why good security means good business and how to minimise manual security work through AI and automation.
Join Danny Sheridan, Co-founder and CEO at Fern (YC W23), and Brian Kuan, Product Marketing Manager at Vanta (YC W18), for a deep dive into why startups should prioritize compliance early in their journey, and how Vanta can help you become SOC 2-ready in as little as four weeks—giving time back for you to focus on building a company.
Curious about why compliance is so important, which businesses need it, and how Vanta's automation can help you quickly achieve it? Join Vanta’s 45-minute live product demo where you’ll learn how Vanta goes beyond compliance to enhance your overall security and trust management.