Microsoft 365 supports the compliance journey for financial services organizations
Many financial services organizations feel they are under the microscope of regulatory authorities more than ever before. Regulators are placing greater scrutiny on third-party vendors, particularly cloud providers, and for financial services organizations that choose to move to the cloud, security and compliance become the responsibility of the broader organization, not just IT. They must adopt advanced, agile technology solutions to provide capabilities like data loss prevention and automatic data classification, develop robust processes, and bring their employees up to speed on how to follow processes and procedures to ensure that rigorous compliance standards are met.
At Microsoft, we know achieving regulatory compliance is critical for financial services organizations. We have taken enormous steps to provide our customers with the tools, resources, and transparency to manage the cloud in a trusted environment and feel confident in meeting their regulatory compliance obligations. With Microsoft 3651, organizations can achieve compliance under a shared responsibility model. We have built over 1,100 controls in our Office 365 control framework that enable us to stay up to date with ever-evolving financial industry standards; for example, our Preservation Lock feature was developed to comply with Securities and Exchange Commission (SEC) Rule 17a-4 to prevent policies from being modified. We also have a specialist compliance team continuously tracking standards and regulations and developing common control sets for our product team to build into the service. In this whitepaper, we will explain Microsoft’s commitment to continuous compliance and discuss how a cloud platform like Microsoft 365 can help you manage and maintain compliance.
We will cover:
- Understanding the shared compliance model
- Reviewing Microsoft’s compliance commitment
- Easing compliance with the cloud platform
- Assessing and managing compliance risk
- Protecting data
- Streamlining processes
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