Today's biggest challenge is to establish continuous monitoring and have better visibility into the control failures and gaps and in mapping compliance and business risks, primarily when personnel operate from remote offices.
Organisations believe having a control monitoring platform which is data-driven, would enable organizations to build a multi-line of defence in view of providing an integrated posture of risk and compliance breaches within the organization.
As the head of critical control functions, including risk management, audit, compliance, security, and the business, would you think it is essential to establish a risk-based approach to detect risk and compliance exceptions and ensure compliance to control framework from anywhere? Will a data-driven approach minimize the breach penalties, audit / compliance review delays?
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