Managing compliance and security in after-pandemic world

Things have changed dramatically in the recent year and the COVID-19 pandemic had serious repercussions on different aspects of the society including the corporate world. The pandemic had massive impact on the ecosystem of the healthcare and it completely shook up global economy. Another major impact of the pandemic has been shift to the remote work culture across different industries. As per one of the analyst firms Gartner Inc. 88% of the enterprises and companies had to shift to the remote work culture for ensuring smooth functioning of their business operations. This WFH culture is set to stay here with companies like Deutsche Bank providing long-term WFH option to their employees.

The employees that work from home use remote mechanisms for transactions, sharing and collaborations on highly critical and sensitive data. According to an interview with a UK bank shows there was a huge spike in the volume of remote access in the recent past. During a period of one week, bank had to handle and oversee about 52,000 attempts for remote access to the banking systems. The security concerns with regards to remote access is heightened as workers use devices that are outside the protective remit of the enterprise or company. This results in the intricate mesh of human touchpoints and complex technologies.

The security gap caused by remote work

The remote access increases the risk levels for data and other confidential information. According to cyber security research that was conducted recently, the security gaps has an effect on security posture of the company. Some of the threats faced by enterprises due to remote working includes data exposure, increase in phishing, insider threats as people often use insecure devices giving opportunities to cybercriminals.

The compliance issues

The rise of digital enterprise has led to data compromises and security breaches. For the enterprises it is important to implement the best practices for handling compliance to ensure security in the remote work environment. Some of these practices include ensuring basic hygiene of security, impact assessment, zero trust architectures, security policies, monitoring and visibility.

While the remote setting has added a different layer of complexity for meeting the regulations, however having the right tools and policies will ensure that organizations achieve required security which is essential for maintaining regulatory compliance. The virtual employee monitoring software is an important tool in ensuring compliance, security and high productivity levels at remote work.