What does "compliance framework" define for technology practices? 🔊
A compliance framework defines the set of guidelines, standards, and processes that organizations must follow to ensure adherence to regulatory and legal requirements. This framework encompasses various aspects of technology practices, including data protection, auditing, and reporting obligations. By implementing a comprehensive compliance framework, organizations can mitigate risks, enhance accountability, and cultivate trust among stakeholders. This not only helps in avoiding legal penalties but also promotes ethical business practices, ensuring long-term sustainability.
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