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Resilience means so much more than just compliance…

Press release • 17 November 2020

Resilience means so much more than just compliance…

Doing good business means doing business safely and securely. It always has of course, but in our digitally transformed world, the phrase ‘safely and securely’ has taken on a whole new meaning. Risk of failure is no longer just reputational – where failure might impact Brand value or damage Brand awareness. Risk is now a business management issue, one where failure can lead to deeply problematic customer impacts, heavy regulatory penalties and ultimately business failure, in a way that hasn’t always been the case.

And as the odds and impact of failure rise around our increasingly complex digital architectures, organisations must embrace the management of these risks, the security of these structures and the data that populates them. In fact, they must come to acknowledge the opportunity that this more proactive approach to the management of risk brings to do good, sustainable, ethical business. This is how the concept of resilience shifts from being a tick-box exercise around regulatory compliance to one which will actually contribute to growth and ongoing operational excellence.

At Communisis we specialise in delivering services within regulated markets, and therefore the management of Risk has been an Executive Board preoccupation for many years. Our banking and insurance clients expect the highest levels of physical, data and cyber security from us and we’re one of the few organisations of our type to have formalised and professionalised this function in the creation of an Executive Board seat held by Michelle Griffey.

 

‘Resilience is not just about business continuity, or regulatory compliance, it’s more than that, it’s a way of life for our business.’

Michelle Griffey- Communisis Chief Risk Officer & Executive Board Member

 

With risk being a business management issue, full, externally audited, PCI compliance adds an additional layer of resilience for both those clients who require it and their customers.  This is why we have invested to bring our standards up to the same level as the card issuing companies require of merchants, ensuring the processing, storing, or transmission of credit card information is maintained in a secure environment and that customer data is kept safe.

As we continue to drive the digital transformation of our markets in support of our clients’ strategic objectives, they can rely on us to continue to build the resilience of our organisation in support. We believe this sets us apart in our market.

To find out more about the benefits and impact of PCI-DSS compliance to your operations and communications, and how you can take advantage, please contact us here.

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