It sounds simple enough on paper: As new risks emerge, the compliance function adapts to address them. In an age of rapidly evolving technology, however, that approach can leave organizations a step behind.
At the Compliance Week 2013 annual conference last month in Washington D.C., a panel of experts weighed in on approaches for retooling compliance efforts to adequately address modern technology risks. No easy task, that effort requires policy development, risk analysis, and improved communication with employees and business units, all of whom probably have their own, hard-to-budge views about technology and social media.
