Compliance and risk management aren’t the same, but they are closely aligned with one another. Companies operating with IT and data-intensive technologies and industries must attend to the reality that risk of breach, damage, or data loss exists in their system and that they will almost always have to manage the balance between optimized business goals and security and compliance requirements. 

Risk management, however, can be a simpler and more streamlined process with the use of automated tools. Here, we’ll introduce how automation speaks to risk assessment and management. 

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Modern businesses are data-driven, and that fact has put compliance and data governance at the forefront of contemporary security and IT support. With so much information, much of it pertaining to private consumer issues like finances, health, and Personal Identifiable Information (PII), it’s imperative for businesses to comply with regulations that protect that data from theft or unlawful viewing. That’s why businesses are turning to compliance process automation to make auditing and reporting faster, more efficient, and more accurate. 

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