Morgan Growth Equity Partners and PayPal’s venture capital arm. Other notable players in the space include Laika, which announced a $35 million funding round just last week from notable backers, including J.P. “Non-compliance can be twice as costly as being compliant, as a result of fines, damage to reputation, business disruptions, and so on.” “It may be easier to delay compliance, but eventually it can haunt a business if they avoid it altogether,” Markowitz explained. So in effect, Drata pulls in and analyzes data from a variety of sources to deliver real-time insights into a company’s security performance, and shows what steps it still has to take to achieve compliance. This constitutes part of the essential “evidence” gathering process that auditors require to verify that a business has a strict information security and privacy model in place. AWS and Azure), identity providers (e.g., Okta and OneLogin), developer tools (e.g. Drata serves to automate many of these processes by integrating with dozens of services spanning cloud platforms (e.g. Material evidenceĮnsuring that a company attains the relevant ISO or SOC standard for their industry is a resource-intensive process in itself, but maintaining compliance as their roster of SaaS integrations, vendors, employees, and devices grow is a gargantuan undertaking. “It’s a common occurrence for any cloud-based company handling their customers’ data - their customers want to see proof that they take data protection seriously,” Markowitz added.
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