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Business Driven risks include audits, changing government and industry regulations and standards. To prepare for this, you must be able to identify:
- What actions are you taking to address audit and regulatory requirements (such as Sarbanes-Oxley, HIPAA, and Basel II)?
- How do you keep up with evolving regulatory requirements?
- How are your trading partners and customers influencing your compliance and data protection requirements?
Quickly responding to changing requirements means one must be able to quickly:
- Identify what needs to be protected
- Assess risk
- Determine the current vs. the required level of protection
- Define mitigation alternatives to move toward compliance.
- Develop a governance model and corresponding management system.
IBM can offer insights relative to regulations and mandates (e.g., industry, financial, and supply chain) and enhance your market credibility by offering services that address these issues.
Regulatory compliance solutions
IBM can help you meet the requirements of these common regulations and standards such as:
- California Senate Bill No. 1386
- FISMA
- Gramm-Leach-Bliley Act
- HIPAA
- Payment Card Industry (PCI)
- Sarbanes-Oxley Act
- SCADA Systems
IBM solutions for regulatory compliance are based on integrated, end-to-end processes that are designed to encompass key aspects of security planning, management, and compliance reporting. More information is available at:
http://www.ibm.com/services/us/index.wss/offerfamily/iss/a1030800
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