TECHGuru

  An increasing number of businesses such as banks and insurance and payment card companies have to pay hefty fines and penalties due to non-compliance with standard industry regulations. The audit management process is becoming a costly and time consuming challenge for these businesses, especially where cloud migration is concerned. Audit management tools help companies arrive at risk-aware decisions and thus improve their business performance. With enterprises striving to reduce catastrophic losses, the adoption of cloud audit management has been a rising trend in recent years. Regulations differ from one country to another. Developed regions such as North America and Europe have set standard regulations for every industrial and service sector. These regulations have been introduced in order to safeguard consumer rights and promote fair competition in the industry. However, an increase in the number of regulations and lack of understanding by companies is leading to non-complianc...