Going Beyond the Checklist: SAI360’s Holistic Approach to Cyber Risk Compliance Management

Nov 8, 2024

Data protection and security compliance aren’t just about meeting requirements. It’s about maintaining resilience amid evolving risks. Organizations need an integrated risk management approach that connects related areas of risk like IT risk, third-party risk, and regulatory risk with policy management and business continuity tools as part of a cohesive strategy.  

Did you know? Global cybersecurity training is expected to hit $10 billion by 2027. — Source: TechTarget 

Why does this matter?  

IT risk, third-party risk, and regulatory risk are closely related. How? A growing number of regulations have been enacted to ensure companies are taking strong measures to protect sensitive data. In many cases, these requirements extend to third-party partners because a security breach downstream carries ripple effects.

compliance

When risk management is siloed or decentralized, it can lead to costly gaps, inefficiencies, and redundancies.

SAI360 solves these challenges by unifying risk management processes within a single Integrated GRC platform powered by Workflow Data Fabric.

This unified data layer seamlessly connects and streamlines operations across the organization.

277 days. That’s the average amount of time it takes security teams to find and mitigate a data breach. — Source: IBM | Poneman Institute 

For example, SAI360 enables organizations to centralize and streamline risk management by integrating incident management, policy enforcement, and compliance activities across departments. Using the Workflow Data Fabric, incidents such as IT security breaches automatically trigger workflows that involve legal, compliance, and risk teams, ensuring a coordinated and timely response. At the same time, the Policy Manager module helps organizations create, implement, and monitor policies to ensure third parties comply with data security and privacy standards.

Integrated regulatory compliance tools further enhance this process by connecting seamlessly to regulatory content and data. These tools provide up-to-date insights, automate workflows, and streamline tasks like reviews, audits, and reporting. By reducing manual effort, eliminating silos, and closing risk gaps, SAI360 enables organizations to minimize risks, lower administrative burdens, and maintain a comprehensive and efficient risk management strategy.

How Does SAI360 Help Organizations Streamline Compliance?

By helping companies address regulatory standards across multiple frameworks, SAI360 is also simplifying compliance. For example, a company can efficiently manage and protect electronic health information (ePHI) under NIST SP 800-66. At the same time, they can align with ISO 27001’s broader information security standards.

The platform streamlines compliance with automated workflows, centralized data, and real-time reporting tools. This enables faster implementation, continuous monitoring, and easier audits. By mapping controls, policies, and procedures across multiple standards, SAI360 ensures alignment. It also eliminates redundancies and enhances efficiency.

Did you know? 80% of IT budgets of NIS2-affected companies in EMEA are spent on cybersecurity and compliance. Nearly one in two expect notable impact. — Source: CSO 

How is SAI360 redefining risk management approaches? 

SAI360 is redefining how companies approach risk management. By combining Governance, Risk, Compliance (GRC) technology with Ethics & Compliance training resources, SAI360 is helping companies tackle their greatest source of risk – their employees. This dual approach increases their ability to identify, manage, and mitigate risk more effectively. The key is to creating a proactive risk management culture is engaging employees with interactive, in-the-flow-of-work training.

Our differentiator? SAI360 is the only company that integrates GRC with Ethics and Compliance learning in a single platform. This unique combination transforms risk management by addressing risks holistically. It enables organizations to align their processes, engage employees through effective training, and build a proactive risk management culture.

Final Thoughts 

Your organization is a ship navigating the unpredictable seas of cybersecurity threats. Without a unified approach to risk management, it’s like sailing without a compass—uncertain and perilous. By turning compliance from a checklist into a shared journey, you can build a resilient vessel ready to face any challenge.