Digital Compliance - PowerPoint PPT Presentation

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Digital Compliance

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Navigate the evolving landscape of digital regulations seamlessly. Stay compliant with data protection laws, accessibility standards, and emerging digital guidelines to foster trust and credibility in the online sphere! – PowerPoint PPT presentation

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Date added: 9 January 2024
Slides: 8
Provided by: adasitecompliance
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Title: Digital Compliance


1
Digital Compliance
2
The Future Of Website Compliance Emerging
Regulations And Trends To Watch
  • With the recent publishing of WCAG 2.2 as the
    W3C Recommendation web standard, with an
    additional nine success criteria, multiple
    questions have cropped up about the future of
    website compliance. Besides, multiple expected
    and unexpected changes impact global and supply
    chains, thus triggering more risks like data and
    consumer privacy threats and cybersecurity. It is
    no wonder there is now an increase in regulatory
    technology, leading to the need for streamlined,
    cost-effective, and technologically advanced
    solutions for website compliance. We at ADA Site
    Compliance thoroughly know web accessibility
    complexities. Our team of compliance experts
    keeps themselves constantly updated about the
    latest regulations and trends to help your
    business prioritize website accessibility and
    consequently improve your bottom line.
  • Ten Regulatory Technology Trends to Watch in 2024
  • There are ten important reg tech trends to watch
    out for in 2024. Each of these trends can
    redefine compliance technology
  • AI-Driven Compliance Solutions
  • With AI and machine learning automating and
    enhancing regulatory adherence, tasks like
    sifting through vast data volumes, detecting
    abnormalities, and generating real-time
    actionable insights have never been quicker. It
    helps organizations stay ahead of emerging
    regulatory compliance trends and requirements.
  • Blockchain Technology
  • Blockchains immutable and transparent ledger has
    made huge strides in the Know Your Customer
    process. Secure and efficient customer
    verification helps reduce fraud and streamline
    due diligence.
  • Real-Time Monitoring
  • Multiple organizations continually assess
    compliance posture and adjust strategies to
    ensure compliance with the shifting regulations
    to take new risks and help with risk management.

3
  • Cybersecurity Takes Top Priority for Optimal Data
    Security
  • The constant rise in cyberattacks makes
    cybersecurity a top priority for organizations.
    Compliance officers generally follow these steps
    for optimal cybersecurity compliance efforts
  • Keeping updated with the latest cybersecurity
    threats and attacks
  • Developing and implementing appropriate data
    security procedures for employees with IT and
    security teams.
  • Regular risk assessments to identify risks and
    vulnerabilities and focus resources and
    initiatives where needed
  • Implementing appropriate access controls and data
    protection measures to minimize the risk of data
    breaches and unauthorized access
  • Creating incident response procedures outlining
    the necessary steps to take in case of
    cybersecurity incidents
  • Data Transfer Across Borders
  • Cross-border data transfer will take a more
    critical stand in 2024, with regulations like
    Europes Schrems II raising concerns about
    legally transferring sensitive information and
    data between jurisdictions. Regulatory technology
    initiatives require companies to seek compliant
    and secure ways to transfer sensitive data
    internationally.
  • Safe Supply Chains
  • Governments are concerned about having safe
    supply chains, especially in the healthcare and
    defense industries. Regtech solutions include
    organizations working with suppliers and partners
    who maintain optimal cybersecurity.
  • Prompt Report Of Incident
  • The quick and transparent reporting of
    cybersecurity incidents through robust incident
    response plans is another one of many regtech
    solutions.

4
  • Compliant Remote Working
  • Remote working is the new normal, bringing unique
    compliance challenges like maintaining data
    security. Regtech requires sophisticated
    compliance training and compliance programs
    leveraging technologies for a more immersive
    experience.
  • Data Privacy Regulations
  • Data privacy rules like GDPR are expected to have
    more new, stringent laws. The increased focus on
    countries outside the European Union enacting
    their own data privacy laws also adds another
    complex compliance layer for the analysis of data
    used.
  • Global Regulatory Cooperation
  • With an increasing number of globalized
    businesses, there is a growing need for
    regulatory harmonization. Standard global
    regulations will play a role in simplifying
    compliance and promoting international
    cooperation.
  • AI An Advantage or Disadvantage to Mankind?
  • Undoubtedly, the most emerging trend in 2023 and
    2024 is the advent of artificial intelligence. It
    is because the many AI tools available online
    make work so much easier and more efficient
    through
  • Better compliance reporting
  • Automation of manual tasks
  • Absolute scalability and adaptability
  • Minimal human error and bias
  • Real-time monitoring and detection
  • Better risk assessments
  • Risk prediction and mitigation

5
  • Is It Ethical to Use Artificial Intelligence?
  • Undoubtedly AI tools do help streamline
    compliance issues. However, with the streamlining
    process, multiple questions revolving around the
    ethical use of AI for issues like algorithms have
    cropped up that need addressing.
  • Benefits of Using Regulatory Technology for
    Compliance Processes
  • The increased dynamic and complex regulatory
    landscapes have led to the creation of new
    regulations and the updating of existing ones.
    Compliance officers must thus understand and
    apply appropriate compliance processes and
    sustainable practices to maintain compliance in
    their organizations. Multiple regulatory tools
    and technologies are available today for
    compliance officers to automate the compliance
    process as per complex regulatory environment
    requirements. The other benefits of leveraging
    regulatory technologies for compliance and policy
    management include
  • Automating tasks and reducing the reliance on
    manual efforts saves time and improves efficiency
  • Effective real-time monitoring and assessment of
    compliance risks will help take appropriate
    proactive measures
  • Improved data management and reporting systems
    providing easy access to assignments like
    documentation and audit trails
  • Agility and adaptability to be updated with
    regulatory changes through regular updating of
    compliance policies, policies, and regulations
  • Data Privacy Regulations At the Hilt of
    Emerging
  • Data and analyzing data privacy of any
    organization ensures the organizations stick to
    legal and regulatory requirements. Data privacy
    regulations are also so vital in todays changing
    business landscape. Protecting individual rights
    is now an integral part of data privacy
    regulations. Compliance officers are thus
    directly responsible for safeguarding personal
    data and computer systems from unauthorized
    access and misuse of user behavior to maintain
    trust between the organization and stakeholders.
  • With organizations operating in various regions
    with individual data privacy requirements,
    compliance officers and privacy professionals
    must understand regulations affecting
    international data transfers regardless of the
    organizations geographical location. The
    constant introduction of new laws and updating
    existing regulations require compliance officers
    to keep themselves updated about them and adapt
    their compliance strategies. This ensures the
    organization remains compliant, avoids penalties,
    and adapts to new compliance requirements as they
    pop up.

6
Using Voice Search for Easy Searches Thanks to
AI, search engine technology has dramatically
shifted how people conduct searches. It is mainly
due to the growing use of assistants on mobile
devices, like Siri, that has influenced the
popularity and shift in search technology. With
convenience and faster internet speeds taking
priority, an increasing number of people are now
using voice searches to conduct online searches.
Voice searches work with the help of natural
language processing that enables computers to
understand written and spoken human
language. Conclusion The pandemic has led to the
growing trend of organizations moving their
business operations online. Organizations must
ensure digital compliance with appropriate
regulations and industry standards. Compliance
managers and officers can help their
organizations remain compliant by staying updated
about emerging trends and regulations. We at ADA
Site Compliance thoroughly know web accessibility
complexities. Our team of compliance experts
keeps themselves constantly updated about the
latest regulations and trends to help your
business prioritize website accessibility and
consequently improve your bottom line. Contact
ADA Site Compliance today for all your website
accessibility needs!
https//adasitecompliance.com/future-website-compl
iance-emerging-trends/
7
ADA Site Compliance
Website Digital Accessibility Solutions
https//adasitecompliance.com/
8401 Lake Worth Rd Lake Worth, FL
33467 info_at_adasitecompliance.com (561)
258-9300 https//www.facebook.com/ADAsitecomplian
ce/ https//twitter.com/siteCompliance https//www
.instagram.com/adasitecompliance/
https//www.linkedin.com/company/adasitecompliance
/ https//www.youtube.com/channel/UCCf20J8_Uf2S4KG
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