5 Ways to Reduce Compliance Risk with Continuous Compliance Monitoring
Continuous compliance monitoring is the practice of monitoring organizational transactions in real time. While the concept of continuous monitoring is not new, the ability to do so with the help of advanced analytics and algorithms has dramatically improved in recent years.
Continuous monitoring has many benefits and helps organizations to reduce risk by enabling the following:
Automated risk scoring
Focusing on high-risk transactions
Leveraging AI and Machine Learning
Continuous program improvement
This white paper will examine these methods of reducing compliance risk and other considerations for organizations when implementing these strategies.