Containers, services, and cloud-based apps have changed the way companies produce and deliver products and services and do business worldwide. This has altered the attack surface, necessitating highly different security techniques and technologies to prevent the disclosure of sensitive data and other cyber threats. Regulatory compliance has also changed, making it even more critical for businesses to adapt to this new paradigm. IT and regulatory compliance are required to guarantee that your corporation fulfills the data privacy and security requirements related to your industry, location, and business processes. But how can you enhance the power of compliance?
What is the role of Observability in compliance?
With each passing day, software becomes more and more sophisticated. Microservices and containers are examples of infrastructure patterns that continue to break down more extensive systems into sophisticated, smaller systems.
At the same time, the number of items available is increasing, and there are several platforms and methods for businesses to accomplish new and unique things. Environments are becoming more complicated, and not every company is prepared to deal with the expanding number of difficulties. The source of issues is unclear without an observable system, and there is no common starting point.
The total Observability of a system should not be considered a goal but rather an essential step in achieving critical business goals. Observability development aims to help security analysts, IT operators, and management recognize and handle system faults that might harm the company.
The development of Observability with compliance has four main objectives:
One of the fundamental aims of Observability is reliability. We must measure the performance of our IT infrastructure if we are to design a system that is dependable and meets the expectations of our customers. We may monitor user behavior, network speed, system availability, capacity, and other metrics using an observability platform software application to guarantee that the system is working.
For enterprises with legal or compliance obligations to protect sensitive data from unauthorized disclosure, Observability is critical. Organizations can discover possible intrusions, security risks, and attempted brute force or DDoS assaults before the attacker completes the attack and steals data by having full visibility into the cloud computing environment via event logs.
Reduce the cost of penalties
Observability helps businesses increase income and saves a considerable sum of money by reducing penalties. Depending on your sector, rules and requirements may be causing hefty non-compliance fees that significantly affect firms. Do the long-term costs of investing in the correct procedures, tools, and overhead worth the dangers of not being compliant? The answer is yes!
With settlement agreements and civil money penalties, the Health Insurance Portability and Accountability Act (HIPAA) expenses have risen dramatically in recent years. Fines under the General Data Protection Regulation (GDPR) are also increasing, rising by 20% from 2020 to 2021. It’s more critical than ever to stay on top of cybersecurity regulatory compliance obligations, and with Observability, companies can do that effectively and efficiently.
Automation Saves Time and Money
Data protection should include more than just ticking boxes to ensure that the company avoids fines and penalties. This is where Observability plays a massive role in securing all vital data, not just what is regulated. You can easily convince stakeholders, prospects, customers, partners, and others involved since automation expands efficiency and creativity across essential areas of your company and enhance ROI, regardless of whether your firm has a mature or immature compliance program. Automation will minimize management expense and analyst labor by removing duplicate material as the number of necessary compliance requirements grows, therefore saving time and money.
Here are a few quantitative and qualitative variables that you can track with the combined power of Compliance and Observability:
- Enhanced brand value ( lack of data breaches, consistency of external audit opinions on security, number of compliance certifications achieved)
- Possibility of pursuing new business ventures (some certifications will increase your credibility and attract customers)
- The severity of post-audit findings and the degree of effort required to correct them
- Increased customer trust in your products and services
- Increased profits (customer trust= more sales)
- Cost-cutting (cost of non-compliance)
- Number of closed compliance concerns over the number of identified issues
- Mean Time to Detect & Respond
- Total post-audit risk exposure analysis
LOGIQ is an all-in-one solution for complete observability data pipeline control and storage. Your IT department can use LOGIQ to aggregate log files, metrics, and traces, assess network performance against the most important KPIs, and acquire the insights and network visibility required to fulfill your business’s system dependability, security, and customer satisfaction goals – all backed by robust observability data pipelines that ship the right data to the right targets. With LOGIQ, you can enable your teams with total observability data pipeline control, enhanced data value, reduced data complexity, quick insights, and zero data loss.