Taking the Pain Out Of Compliance for Legal and GRC Teams

The legal department plays a crucial role in enhancing enterprise security profiles. Historically, legal and cybersecurity departments have been siloed from one another in organizations both large and small.

With security now a concern at the Board level, legal’s role in enterprise risk management – advising on threats and potential liability – must include the impact of data security threats. It's more important than ever for legal teams to engage with security teams and keep a pulse on all things security related.

Enforcing data security and handling policies

While security teams are tasked with the practical and tactical aspects of detecting, responding to, and preventing threats, the legal team’s responsibility is to align the organization to comply with internal policies, external regulations and contractual obligations it may have with third parties regarding security and data handling controls. 

In the past, much of the focus was on privacy, but with more prescriptive cybersecurity regulations across industries and geographies, legal must now play a more active role as a partner in architecting security policies. Legal’s responsibilities include:

• Architecting and maintaining DPAs: DPAs need to be reviewed and updated regularly to reflect changing legal requirements and evolving partnership needs.
• Ensuring compliance with data privacy regulations: Organizations must consider Europe’s GDPR, 20+ different US state level laws, Canada’s PIPEDA, South Africa’s POPIA, Japan's APPI and South Korea’s PIPPA just to name a few examples.
• Ensuring compliance with cybersecurity regulations: EU AI Act, NIS2, DORA, US AI Exectuive Order (based on NIST frameworks), CISA, Canada’s AIDA, India’s CSCRF, and China’s CSL to name a few.‍
• Ensuring compliant responses to security events: Legal teams need to ensure that when organizations are breached they are able to properly notify both their partners and regulatory authorities – this is crucial for limiting legal liability.

Riscosity: Security for Legal and GRC Teams

Legal and GRC teams have the responsibility to ensure sensitive information is protected and the organization remains in compliance with data privacy regulations, cybersecurity laws, and third party agreements – but they don't have visibility into the very data flows that could put the organization at risk. They need a platform to serve as the single source of truth for data going to third parties, and better yet, a platform that allows for protections to be put in place without the need for engineering support.

How Riscosity Helps

Riscosity is the modern data flow security platform. The Riscosity platform discovers and catalogs all communications to third parties (including AI tools), and provides the ability to protect outbound data flows in real time – ensuring that sensitive data only ever reaches its intended destinations. GRC teams are able to leverage Riscosity for a handle for of powerful use cases, including:

• Data flow risk management - Understand who you’re exchanging data with. Programmatically identify and classify which sensitive data is going to which 3rd party with unparalleled accuracy and without regular tuning.
  
• Data sovereignty and residency - Maintain knowledge and control over the location of sensitive customer and operational data, globally. Detect and immediately stop the transfer of sensitive information to high-risk geographies.
  
• Regulatory compliance - Accelerate responses to compliance and privacy audits with a centralized sensitive data catalog across your ecosystem.
  
• Continuous vendor monitoring - Receive alerts of new third parties receiving data and of any changes to the data being received by approved third parties.
• ‍Executive reporting - Keep organization leaders and stakeholders informed on the progress of data security initiatives, allowing them to maintain alignment against board-level KPIs.

With the Riscosity, legal and GRC teams gain peace of mind that sensitive data will always be protected. No matter the regulation or agreement – we provide the visibility and control that organizations need to maintain compliance. Curious to learn more about how we can help? Feel free to reach out at sales@riscosity.com!