No matter the business sector or size, organizations across the board can no longer escape the looming need to satisfy audit and compliance challenges with regulations that affect their sector. In the wake of the breakneck expansion of digital technology, major security concerns must be addressed on various levels – strategic, individual, and collective. Since the stakes are particularly high with regard to sensitive assets such as personal data, critical equipment, and intellectual property, regulatory audit and compliance requirements take center stage in the organization.
Complying with these published requirements is difficult and costly. What’s worse is that the relevant regulations are themselves constantly changing in an effort to keep up with rapid technological progress. This makes compliance a moving target.
Then comes the real strategic challenge — creating actual security as part of the process rather than just blindly checking off boxes on a compliance list. Clients and stakeholders need assurances that critical assets are actually being protected. Therefore we must not just ensure that we are complying with the letter of the law but are adhering to best practices set out by government bodies, industry associations, and quality certifications such as ISO 27001.
Organizations can utilize privileged access management (PAM) to meet the audit and compliance requirements of the myriad regulations (GDPR, NIS, PCI-DSS, HIPAA, ISO 27001, etc.) through session management and password management.