Compliance management is particularly important in the areas of digital transformation, cybercrime and cybersecurity as well as HR work and teams. It describes all the measures and processes that companies use to ensure that they comply with laws, rules and internal guidelines. The aim is to minimise risks and prevent penalties or reputational damage.
Good compliance management regularly checks whether new legal provisions or industry-specific requirements exist and helps to align processes within the company accordingly. For example, a company can establish clear rules on how sensitive customer data is protected in order to comply with data protection laws. To this end, all employees are trained and technical protective measures such as access restrictions are put in place.
Think of compliance management as an early warning system: If legal requirements change, the system ensures that nobody in the company inadvertently does anything wrong. Especially in times of digitalisation, when data is becoming increasingly important and cyber attacks are on the rise, effective compliance management is essential to secure the trust of customers, partners and authorities.
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