Keeping up with the lightning pace of regulatory change has become an increasingly difficult task for companies in nearly every industry, causing some to throw up their hands. Instead, they are turning to third parties to maintain their compliance mandates.
“Compliance-as-a-service,” as it has come to be known, is essentially a Web-based offering that helps a company achieve and maintain compliance with all relevant rules and regulations in real time through verifiable IT controls. The systems are often cloud-based. Such a service also includes monitoring and reporting to alert the company to a system failure or data breach.
“Rather than the ...