Six Ways to Configure Radar Compliance
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Cyber events are complex and can create enterprise risk across your organization.
Whether you’re assessing an event to determine regulatory obligations or internal stakeholder notification requirements, Radar Compliance solves the challenges of ever-shifting regulatory expectations, delivers event-based disclosure guidance, and helps ensure consistent, documented, and timely reporting. Here are 6 ways Radar Compliance can simplify your organization’s obligation requirements and notification obligations.
1. Cyber Event Response and Management
When you’re assessing an event to determine external regulatory obligations or internal stakeholder requirements, Radar Compliance allows you to model your definition of materiality and define your notification triggers and obligations to all stakeholders, internal and external, from federal regulators to the board of directors, and even third parties.
With a consistent, automated assessment workflow powered by Radar Compliance, you reduce the risk inherent in manual processes and ensure clear documentation of your decision-making to build trust with regulators like the SEC, FTC, FDIC, and CMMC.
2. Internal Communications Management
Effective internal communication and collaboration are more critical than ever in today’s fast-paced regulatory climate.
To create a seamless solution for all your internal stakeholder communications needs, Radar Compliance can be configured to your specific triggers and notification obligations to ensure every internal stakeholder, from marketing to legal to the C-suite and Board, is equipped with consistent, timely information.
3. Process Controls Tool
To quickly triage cyber events and streamline risk mitigation, Radar Compliance helps document and demonstrate the escalation process, apply controls to identify reportable events, and easily reference the criteria for determining whether to notify regulators.
By clearly defining process frameworks and escalation events, Radar Compliance provides an audit-friendly report of your risk mitigation and obligation decision-making efforts.
And when multiple regulators are involved, Radar® Compliance can be used to identify differences in notification timelines and reporting requirements.
4. Joint Operations Center
When complex events require input from multiple departments, Radar Compliance can be configured to manage event-reporting obligations across multiple realms beyond data and security incidents. Radar Compliance can be set up to handle cyber, weather, or physical security incidents, creating a single source of truth for all risk reporting.
This documentation and evaluation process reduces the risk of missed obligations, regulatory sanctions, and noncompliance by mobilizing the infosec, Cybersecurity, IT, and Compliance teams to establish a controls process that enables incident response consistency by using the same set of notification triggers for each cyber-related event.
5. PII and Privacy Risk Assessment
When a cyber event involves personally identifiable information, it becomes a privacy incident. With just one click, you can configure Radar Compliance to add your privacy team to the event and streamline privacy risk assessment to meet strict privacy reporting and notification timelines.
6. Multifunctional Incident Response
When multiple business functions are required to make notification decisions, Radar Compliance can be configured to prioritize varying notification timelines and content. Including event triggers for compliance, legal, CISO, and security to allow each team to access the same records and reduce the risk of missed obligations, regulatory sanctions, and noncompliance with internal mandates.