Implementing Behavioral Analytics for Continuous Compliance and Its Benefits
Sticking to regulations and industrial standards is important for any organization. It is mandatory to remain compliant and avoid penalties associated with the violation of these regulations. One of the most important things you can do in this regard is to achieve continuous compliance. It enables your organization to stay informed about the changing regulations and industrial standards.
Different organizations are trying advanced methodologies to improve continuous compliance. One of the most effective approaches in this regard is behavioral analysis. It’s about the analysis of users and workers to check deviations from the regulations. Today, we will tell you how behavioral analytics can be done for continuous compliance and what benefits you can have afterward. Let’s begin this without further ado.
Behavioral Analytics for Continuous Compliance
You can opt for some strategies for behavioral analytics for continuous compliance. The following is a guideline for behavioral analytics.
Collect Data
The first thing you need to do is to collect data. You will have several types of data in your organization. You don’t need to collect it all. Simply go with the user data that is associated with the compliance, like:
- File access logs to check what files are accessed by users
- Email and messaging to check if there is any violation
- System logins and access logs
- Financial Transactions
Once you collect this data, the next thing you have to do is to normalize it. By normalizing this data, you will have a baseline for their normal behaviors. You can use it to detect any changes in the user’s behavior.
Use Machine Learning Algorithms
After normalization of collected data, the next thing you have to do is leverage the power of machine learning algorithms. These algorithms play a crucial role in behavioral analysis. You can rely on them to predict any changes in the behavior based on the normal baseline you set. Any deviations will be predicted by using these algorithms helping you to avoid potential compliance risks.
Monitoring and Alerting
The next thing you need to do is set monitoring and alerting systems. You have to monitor the activities of your workers or users to notice any deviations from normal behavior. It would help if you leverage the power of a robust monitoring system. Kosli is the best option you have in this regard. When it comes to monitoring tools, Kosli is among the market leaders.
Its advanced features and real-time monitoring enable you to keep an eye on the users’ activities and check if they are violating compliance regulations. Apart from monitoring, Kosli can assist in achieving continuous compliance as well. Only monitoring is not enough to do the whole job. You need to integrate an alerting system with the monitoring one. By doing so, you will get immediate alerts about the deviations or anomalies.
Benefits of Behavioral Analytics for Continuous Compliance
Behavioral analytics cannot be done within a few hours. It’s a challenging task that involves the collection of data, normalizing it, and then using machine learning algorithms. After that, you have to invest in a suitable monitoring tool and alerting system to know about anomalies. All these things cannot be done without understanding the benefits behind it. The following section is about the major benefits you can get by doing behavioral analysis for continuous compliance.
- First of all, it enables you to detect any deviation from normal behavior at an early stage by establishing a baseline of typical behaviors. Based on these detections, you can predict potential compliance risks.
- By considering real-time behaviors, these analytics help in risk assessment. This is an essential part of achieving continuous compliance as it allows the organization to develop strategies to mitigate these risks.
- Behavioral analytics plays a crucial role in insider threat mitigation. You can monitor the behavior of your workers and detect anomalies that can lead to violations of compliance regulations and take immediate action.
- Behavioral analytics is based on contextual understanding. It means it understands any deviation from normal behavior and informs if it is a potential threat to compliance.
Final Thoughts
Behavioral analytics plays a crucial role in achieving continuous compliance. It enables organizations to detect deviations from normal user behavior so that strategies can be developed to mitigate the risk of violations.
