intelligentID | June 23, 2017
How many compliance regulations is your organization trying to track? While maintaining only one set of compliance policies can be hard enough, what about 10 or more? Amazing amounts of time, manpower, infrastructure, and log-monitoring are dedicated to continuous compliance maintenance and the struggle becomes all the more difficult when preparing for an audit. According to the Ponemon Institute “True Cost of Compliance” study: “…while the average cost of compliance for the organizations in our study is $3.5 million, the cost of non-compliance is much greater. The average cost for organizations that experience non-compliance related problems is nearly $9.4 million.” The same report will tell us that on average, 27% of an IT department’s budget is driven by compliance regulations.
These numbers accurately display a dangerous phenomenon: loss of both security and revenue from within an organization itself. It is a problem that faces every industry, and as successful growth rate climbs, so does the insider threat. There is a bright side to the ongoing research, however. The more preemptive and solid an organization’s security measures are, the lower the changes of security breaches and total losses – and the lower the budgetary needs are for similar data security and compliance regulation monitoring moving forward. The experts agree: the more prepared you are, the less you’ll lose. And the trends of lax compliance only increases when employees are working from a vacation spot during their annual holiday time off from the office. It is during this time, that compliance reporting must become a priority for you and your organization.
With Intelligent ID’s compliance reporting tools, we can make identifying compliance gaps simple and facilitate the gathering of audit data all without ever touching a log. Once IID is configured to your specific compliance regulations, whether federal, local, international, or even your own corporate policies, it will alert and report on any violation of those policies. Not only can you see exactly which policy was violated, our quick investigation tools can tell you when, where, how, and why the violation occurred so you can tackle the root of the issue. Visit our compliance reporting tab and see at-a-glance the status of your regulatory compliance by individual user, group, department, or the organization as a whole to help identify problems accurately and target training accordingly.
Intelligent ID is endpoint-based user monitoring and analytics software that secures organizations’ business assets by continuously monitoring and alerting management to suspect events taking place anywhere an endpoint may travel. This includes data loss or theft activity, compliance infractions, workplace liability issues, inefficient use of time and resources, infrastructure concerns, insecure file access, and more. For further information, visit us at www.intelligentid.com or contact us at email@example.com.