Compliance and Risk Management for the Public Sector
Imagine you work for a federal agency that was hacked, resulting in thousands of compromised Social Security numbers. Or perhaps you work for a city whose water supply is unsafe to drink for an extended period. Maybe your county government department missed a compliance deadline for a federal mandate, which the local press is now criticizing you for.
During the aftermath of a crisis, the emphasis is on minimizing the damage and restoring public trust. Once the dust settles, risk management thinking usually takes over. The question then becomes: Can we prevent this from happening again?
Effective risk management and compliance management require information that is complete, readily accessible, and usable, to enable quick decision-making instead of impeding it. Unfortunately, information in most organizations is maintained in disparate systems and/or spreadsheets, and managed by a variety of sources (e.g., departments). As a result, it often is outdated, hidden in nondescript network folders, and/ or missing key data fields.
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About NAVEX Global, Inc.
NAVEX Global is the worldwide leader in integrated risk and compliance management software and services. Our solutions help organizations manage risk, address complex regulatory requirements and foster an ethical, productive workplace culture.