Founded by Ken Lynch in 2009, Reciprocity Labs helps companies improve customer privacy. It does so by engaging compliance departments to help them handle their internal stakeholders better and prove to the world that their internal operations are in order. ZenGRC allows companies to track, manage, and assess data security compliance. It also helps the companies to remediate risk.
Reciprocity formulates inefficient systems to more efficient ones, delivers great value at an affordable price, and helps businesses adapt to the ever-changing technological world. The platform offered simplifies audits, manages vendor risk, and allows control consolidation across various compliance standards. In an age where regulations have become overly complicated, ZenGRC is now more than ever a crucial tool for the security of sensitive data.
Why you Should Be Compliant
If you are a business that stores, processes, and transmits customer data, you should be compliant with certain regulations. SOC 2 is one of them. This safeguards the security and privacy of data. Although SOC 2 is voluntary, your organization still needs it to protect data from breaches. SOC 2 is an audit procedure that shows a company manages its customer data. This report varies from one enterprise to another. If you are already SOC 1 compliant, you still need to comply with SOC 2.
SOC 2 proves to clients that they can trust you with their data, and also offers you a competitive advantage over other businesses that don’t have proof of compliance. This also assures you that all your systems are secure. Reciprocity Labs can offer your business high-end GRC solutions, which can ensure that your audit managers stay agile when addressing compliance.
ISO Compliance
This is a certification that offers validation to a company, proving that it conforms to specific industry standards. Because of the rising security threats, your company will need to show customers and auditors proof of security advancement. The best business practice today is ISO compliance, and it can maintain customer satisfaction.
ISO certification comes in different standards. Each requires a particular type of documentation, meaning that for your company to be ISO compliant, you need to determine the model you want. ISO requirements mostly focus on ISO 31000, ISO 27001, and ISO 9001.
ISO implementation as a stand-alone is expensive. To start with, your company will be required to invest in training for the employees who will deal with the certification of the implementation and maintenance. You may also need to hire consultants for the implementation process. Also, you will need to think about the hidden costs likely to arise from the time used, focusing on the implementation rather than the regular assignments. For your company to establish compliance, you will need to conduct surveillance audits that cost money.
Automate ISO Certification Audit Processes with ZenGRC
Companies are exposed to high costs when compiling documentation needed for the implementation of ISO programs. Once you begin incorporating ZenGRC, you will have better access to content that can enable you to map out controls. When compliance is managed with spreadsheets or drives, it may not be possible to see gaps.
ZenGRC offers your company a SaaS compliance platform that can help the management to map out controls and conduct a gap analysis for better timeline management. With a ZenGRC analysis tool, you can create a more agile compliance program. Reciprocity can offer you one-click access to the audit document required.
How ZenGRC Boosts Compliance and Saves Time
Many companies have ineffective compliance strategies. In that case, compliance teams find themselves struggling with workflows, a lack of visibility in the compliance posture, audit deadlines, and outdated spreadsheets. Reciprocity solves all these problems by turning corporate compliance into a valuable asset.
Reciprocity’s risk and compliance (GRC) software enable risk, compliance, and audit managers to be in line with the business industry. ZenGRC is a cloud-based solution that serves all businesses and industries, including finance, technology, retail, among others. Some of the features you can expect from this solution include contract and policy management, compliance management, audit management, risk assessment, and reporting.
ZenGRC can help your organization in compliance, information security, and internal auditing. Not only does it automate routine compliance and audit evidence collection, but also creates new compliance programs. We also ensure that you are PCI DSS compliant. This governs the security of your customers’ payment cards and data. These risks vary depending on the size of the company. For large enterprises, you may be processing millions of card transactions annually, which could create a greater risk of data breaches.
The level you qualify for is largely determined by the transactions completed and the payment cards accepted. Reciprocity can offer your company a PCI audit handy book to help you streamline your PCI DSS compliance. One of the best ways to succeed in PCI DSS compliance is to keep off spreadsheets. ZenGRC provides companies with the assistance needed to stay compliant and keep customers happy and safe. If this is what you need, why not contact Reciprocity today?
Author Bio
Ken Lynch is an enterprise software startup veteran, who has always been fascinated about what drives workers to work and how to make work more engaging. Ken founded Reciprocity to pursue just that. He has propelled Reciprocity's success with this mission-based goal of engaging employees with the governance, risk, and compliance goals of their company in order to create more socially minded corporate citizens. Ken earned his BS in Computer Science and Electrical Engineering from MIT. Learn more at ReciprocityLabs.com.
