What is compliance risk management?

Risk management is an organization’s process for regularly identifying, analyzing, and mitigating risks. In the context of SOC 2 and ISO 27001, risk management refers to security and compliance risk management, meaning you’ll want to understand risks to sector and geography specific regulation and compliance standards.

Each company is different, therefore each company should design a compliance risk management program that is tailored to its business processes and regulatory compliance requirements such as SOC 2, ISO 27001, GDPR, HIPAA, or other security standards.