Are you struggling to keep up with the ever-changing compliance programs in your business? Look no further than the award-winning Data Driven Compliance podcast, hosted by Tom Fox, is a podcast featuring an in-depth conversation around the uses of data and data analytics in compliance programs.
Tom welcomes Igor Volovich, the Compliance Therapy doctor from Qmulos, to discuss how to bridge gaps between compliance, security, and risk management. Volovich emphasizes the need for education and evangelism to unlock the value that compliance could offer businesses. He introduces their compliance therapy branding and highlights the importance of evidence-based compliance management through automation to improve trustworthiness. As we move towards real-time risk governance, automation is key for continuous attestation. Compliance processes have been highly manual and outdated, but regulatory bodies recognize the importance of automation in managing risks.
In the podcast, Tom dives into the need for convergence in compliance and discussing risk in real-time and translating technical terms into risk frameworks. If you’re interested in the convergence of compliance, security, and risk, check out Qmulos’ published guide and resources on their website and social media profiles. Don’t miss out on the chance to learn from the experts and continue the conversation with Igor Volovich and Tom Fox. Listen today!
Key Highlights
· Introduction of Compliance Therapy Expert
· Objective Compliance Management: From Opinion to Evidence
· Importance of trust and governance in data
· Revolutionizing Compliance Processes with Automation
· Effective Risk Management for Businesses
KEY QUOTES
“Most of the folks have these really weird misconceptions about what compliance is We need to reframe the mindset to rejoin the conjoined twins of compliance and security and risk and get them back together.”
“How do we evolve from this opinion-based compliance management, to objective evidence based compliance management. That’s the question that we asked. It’s more robust. It’s more trustworthy. it’s more real. Right? We’re moving from fiction to fact.”
“Within the sphere of influence that we actually do have, how much control can you exert? How much control can you demonstrate reliably, incredibly? To me, that’s the metric. How much can you prove about what you know? Is it belief or is it true? That’s the thing that we try to focus on.”
“The ultimate answer is, of course, automation, you can’t throw more people at the problem.”
Resources:
Igor Volovich on LinkedIn
Tom Fox
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