In this article we will learn about the meaning of Digital Compliance, its importance for the corporate market and for people in general and we will also see what an inefficient work of the company with the security of its data has consequences for it and its customers.
What is Digital Compliance
We can define Digital Compliance as a series of rules of conduct that aim to ensure the security of a company’s data. Compliance basically consists of following such rules of a company, whether they are internal rules created by the responsible sector, or external rules.
Compliance is then defined as this set of security practices and protocols that aim to ensure that all company actions comply with these security and privacy standards, which must protect the company’s virtual environment.
Compliance was born in the 1960s in the United States after the American Congress defined anti-corruption norms and rules. In other words, Compliance was born to regulate the corporate environment, which had and still has a high risk of corruption and data theft.
An example of Digital Compliance
A company, for example, can define its protocol of norms and conducts creating internal measures that aim to guarantee the security of the company’s data, and consequently the data of its customers, which today are reasons for a kind of virtual war in the world.
Personal data has become one of the most valuable assets in the digital universe and companies, good or bad, want access to more and more personal data at all times, in order to define their commercial strategies.
How important is Digital Compliance to your business?
To understand the importance of your company in maintaining efficient Digital Compliance work, we can do a memory exercise and go back in time, to just a few years ago.
These two cases, very famous at the time and which have entered recent history, confirm what was already known about the age of technology and information in which we live: data is very precious for companies and can be used both for the benefit of society and for own benefits.
Advantages of applying Digital Compliance
There are many benefits that a company has when applying Digital Compliance.
Among these benefits we can highlight:
Substantially reduces legal risks
A company that adopts Digital Compliance greatly reduces the risk of suffering from lawsuits from, for example, cases of company data leaks by employees, malware attacks or through malicious links.
Adopting a series of security protocols and defining the rules of conduct for all employees leads to greater legal certainty for a company.
Transparency in the relationship with suppliers and partners
Even though they are not a direct part of your company, partners and suppliers are key parts for the growth of your business. So ensuring that they are developing relationships with you in a safe and private environment builds the trust that is so necessary for a business to thrive.
Thus, suppliers who know they are negotiating with companies that have Digital Compliance tend to prioritize deliveries and adopt special actions in the relationship between partner companies.
Allows internal investigations
A company that develops Digital Compliance is able to legally protect itself in case of failures in inspection actions.
This means that Compliance helps companies to take precautions, but also to carry out safer and more efficient internal audits.
A company that has a well-defined Digital Compliance is able to generate legal certainty for its team and transparency about what can and cannot be done, and this automatically provides employees with a healthier, well-being and trend-setting environment. to be more productive.
After all, Digital Compliance aims precisely to ensure safety through good work and coexistence practices, which generate a safer work environment for everyone.
One of the most apparent and important advantages of Digital Compliance in companies is data security and protection, which tends to increase as the business starts to adopt security measures and protocols based on the Data Protection Law and the Digital Compliance created by the company.
Enhance the company’s name in the market
Another benefit that a Digital Compliance job generates for a company is the appreciation of the brand, whether in the internal environment, among the team of employees, or in the external environment, with its partners, customers, and the general public.
Having a good reputation in the market, and developing clear rules for data security and transparency in the rules of conduct, provides the company with a series of benefits for the brand that reflects in the medium term in production and in the increase of revenues.