Understanding how new regulations and standards impact your business is critical in order to reduce the risk of regulatory fines and ensure compliance of your organization. Unfortunately, the process is typically tedious, time consuming, and varies wildly depending on available resources.
When a new regulation is introduced, an analyst must read the new regulation and use past experience and knowledge of the organization’s internal controls and how they map to similar regulations to map controls to the requirements. In other words, this takes a lot of organizational knowledge and expertise to be done well -- and even then, it’s a spreadsheet exercise that’s a lot of copying and pasting. While the analyst will get better at this task over time, their knowledge is lost when they move on from this position and new personnel will essentially be starting over.
If this were just an occasional task, this approach might be ok. But the regulatory burden for organizations has continued to grow at an increased pace over the past 20 years. Additionally, companies are making changes in their business -- geographical expansion, the addition of new kinds of business, or a digital transformation -- that open them up to new regulatory burdens..
To make this process more efficient and accurate, RSA has introduced the RSA Archer Regulatory Content Analysis use case. Utilizing machine learning and Natural Language Processing (NLP), Regulatory Content Analysis provides analysis of how you have demonstrated compliance with previous regulations by looking at the Controls in place for the requirements defined in them. Utilizing this library of information, the Regulatory Content Analysis algorithm provides you with personalized regulatory analysis, suggesting control matches for the new regulation. It also shows you analogous requirements from existing regulations to help analysts understand the similarities. All of this information is displayed in an intuitive interface that assists analysts through mapping and makes the entire process more efficient and more consistent.
RSA Archer Regulatory Content Analysis provides:
Automatically suggested controls for new regulations based on your compliance program
Natural language processing and machine learning to process and analyze text-based regulations
Highlights of similar new and existing regulations for analyst reference
Manually matching of content utilizing advanced search and mapping features
The RSA Archer Regulatory Content Analysis use case can be utilized with the RSA Archer Policy Program Management use case to demonstrate the effectiveness of the organizational controls you have in place. This combination delivers a complete solution for managing your compliance to the broad and changing landscape of regulations applicable to your organization.
Interested in learning more about RSA Archer Regulatory Content Analysis? Join us for a Free Friday Tech Huddle on Friday, September 27 for a live demo. Free Friday Tech Huddles are only available to RSA Archer customers. If you are not yet a customer but you are interested in learning more, please contact your local representative or authorized reseller — or visit us at www.rsa.com.