The Issue:

As the role of the CSO shifts from technical security expert to risk
mediator, manager and advisor, compliance is rapidly becoming the domain of
the CSO. In this role, the CSO is faced with the continual tug-of-war in the
corporation between legal, business and IT. To make matters worse, the CSO –
as Chief Risk Officer – is put in the position of keeping the company out of
trouble, without having any control over the direction or the company, or the
actions of IT, business and legal. The only way that the CSO can affect risk and
manage risk is through implementation of a strong compliance management
process. Compliance management is the heart of governance and risk
management and as such, it’s the main tool in the CSO tool box.

Compliance is a complex issue and it requires a unique combination of
technical, legal, business and management skills. Compliance itself requires
solving the equivalent of a multi-variable equation: regulations, control
frameworks and change. To achieve continuous compliance management, CSOs
must implement tools and processes that automate and streamline the
compliance management process. The first step is implementation of logging,
eventually culminating in the establishment of a continuous compliance
management solution that not only reports on what has happened, but
implements triggers, monitors and controls to prevent what is going to happen.

Read this Issue Paper: The Path to Continuous Compliance Management