Compliance: Don’t let IT be your Achilles’ Heel

Fujitsu / October 4, 2022

Ensuring that your organization is compliant means managing everything you do and every technology you use with a close eye on compliance rules and regulations. It’s a big task, says Fujitsu’s Business Development Manager Hybrid IT Managed Services Daniel Schneider, and is best achieved with the right partner.

Achieve Cloud Compliance

Referring to an ancient Greek myth might seem like a strange way to introduce the subject of compliance, but I’m not the first to do it. Far from it. If you look back, there are many references to the story of Achilles’ Heel in all kinds of professional contexts, from legal papers to discussions on construction, mining, and just about any other business. It’s an enduring myth because it warns us all that there may be one thing – one tiny vulnerability – that could bring everything down.
When it comes to cloud ecosystems, the story is instructive. The incredible volume of data that flows across networks – between employees, to and from customers, suppliers, partners, and different entities public and private – has prompted governments and authorities everywhere to strictly regulate its exchange, storage, and use. Europe’s GDPR is a prime example. It, like all the other similar regulations, can punish non-compliance with substantial fines. And financial pain is usually compounded by reputational damage. Together, they can be fatal to the health of any organization.
You can choose to see compliance as a chore and a cost, or just as a nuisance. Thankfully, not many organizations do. Most organizations are working to win and maintain the trust of their customers and employees as trust is the most important currency. It’s not that much sticking to the letters of law. And it’s not just data that’s at issue; how systems are used to move money from one place to another and one person to another are also covered by a range of regulations to stamp out fraud, money-laundering, and bribery. Technology touches everything an organisation does: data, money, and even health and safety.
Any gap in the system, any error (human or technical), any misuse of a technology or malicious attack, can lead to a breach and a big headache for the entire organization. That’s why organizations are focusing heavily on compliance. It’s a necessary investment in customer, partner, employee trust and time consuming, but the cost of negative exposure, lawsuits, and fines could be catastrophic. Fear of compliance issues is, in some sectors, slowing the move to the cloud. The financial sector is especially vulnerable. A recent report showed that the sector was hesitant about moving its data and payment systems onto cloud platforms. Though it did reveal that there was a growing understanding that a hybrid approach should be a preferred option. The use of cloud and cloud service providers [CSPs] offers a significant uplift in resilience and security compared to banks’ on-premises environments.

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