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Ensuring Regulatory Compliance
Compliance and risk should go hand in hand, organisations should consider implementing a governance, risk management and compliance (GRC) program to help improve information sharing among the three disciplines.
Organizations risk fines and penalties for not following laws and regulations. Internal policies combined with state and federal laws are necessary to achieve compliance. Governance ensures employees, employers, officers, and partners are fully aware of the compliance policy. Just as risk assessments are implemented in other aspects of cyber security, when used in compliance, they raise awareness of a data incident's potential and impact on an organization, the enterprise compliance report states.