MIS Research - 16
Information Technology Compliance
Information Technology Compliance
Name’s Name
Institution Affiliation
Challenges faced by IT division in Regulatory Compliance
The tendency of increasing time and cost is one of the obstacles to the effectiveness of the compliance system
Data breach encounter whereby companies have to come up with ways to protect confidential data
Increase in cybercrimes that leads to company intimidation in spite of size and sector.
IT Governance and its effectiveness of the IT Division to attain Regulatory Compliance
Governance helps companies to achieve their strategies and goals
Government implementation programs require experts to ensure speed bumps are decreased.
Frameworks such as COSO, CMMI exist in the industry to ensure there is proper governance, for instance evaluation of operations and cybersecurity risks
IT governance ensures IT value delivery, Risk management, measurement of performance and strategic arrangement.
Vision, Architecture, and a Detailed Plan of Action that follows a Life Cycle Concept
Vision
- Having that solves the challenges related to privacy and security, financial regulations and document retention in the company
Architecture
- Having a system with the following elements: consistency, conformity, and relevant
Plan of action
- Having a system that eliminated non-compliance
Business Processes and IT Compliance
Business processes are successful due to the existence of;
-Methodology
-Team
-Tool
-Management-level involvement
All these strategies are designed to solve a certain requirement hence it helps in achieving the vision and plan of IT compliance.
Planning the IT compliance
The plan involves four phases:
Initiate
Plan
Develop
Implement
Responsibilities assigned
Person Q - Challenges faced by IT division in Regulatory Compliance
Person R - IT Governance and its effectiveness of the IT Division to attain Regulatory Compliance
Person X - Vision, Architecture, and a Detailed Plan of Action that Follows a Life Cycle Concept
Person Y - Business Processes and IT Compliance
Person X - Planning the IT compliance