Edgile Releases ArC Q3 2022 Update for ServiceNow
By Giovanni Sparacio
Last month, Edgile, the leading cyber risk and regulatory compliance consulting firm and ServiceNow Elite partner, announced the Q3 2022 release of its Automated Regulatory Compliance (ArC) Content Service for ServiceNow.
Edgile’s award-winning ArC service delivers more than 700 harmonized laws, regulations and industry standards and automatically loads them into ServiceNow IRM.
The Q3 2022 report includes actionable information on mandates and precedents, enabling an up-to-date risk and compliance readiness posture that is proactive instead of reactive. ArC subscribers also receive a quarterly summary of noteworthy regulatory news, risk trends and enforcement activities.
“Client feedback has been very positive. Financial services clients for FSI-specific mandates and privacy across all industries are two in particular that are getting tremendous value from the content updates.”
Brian RizmanEdgile Partner
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“Clients are very eager to receive our quarterly updates and get new sources on-boarded; we are seeing a 30% increase in requests year-over-year which means the message is getting out.”
Giovanni SparacioEdgile ArC Product Manager
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What’s new with ArC in Q3?
Edgile’s harmonized ArC Content Library now contains over 700 laws, regulations and best-practice frameworks! The Q3 2022 content update adds 30 new authoritative sources to the ArC Master Library across Edgile’s three core risk taxonomies—Information Technology Risk Management (ITRM), Operational Risk Management (ORM) and Enterprise Risk Management (ERM) requirements.
Additions to the ArC Master Library for this quarter include:
A catalog of financial-focused sources that aim to improve the management of financial risks and uphold servicemember consumer lending practices:
- Basel Committee – Principles for the effective management and supervision of climate-related financial risks.
- Military Lending Act (MLA)
A pair of Federal level sources that address standardized approaches to improved organizational security and risk management postures, including:
- DOE Cybersecurity Capability Maturity Model (C2M2) v2.1
- FedRAMP Penetration Test Guidance v3.0
A set of standards aimed at regulating, enforcing, monitoring and managing the security of the Bulk Electric System (BES) in North America, including:
- NERC CIP 004-7
- NERC CIP 011-3
- NERC CIP 014-3
Additional Center for Information Security (CIS) Benchmarks sources, including:
- CIS Software Supply Chain Security Guide v1.0
- CIS VMware ESXi 6.7 Benchmark v1.2.0
- CIS VMware ESXi 7.0 Benchmark v1.1.0
- CIS Amazon Web Services Foundations Benchmark v1.3.0
- CIS Amazon Web Services Foundations Benchmark v1.4.0
- CIS Microsoft SQL Server 2008 R2 Benchmark v1.7.0
- CIS Microsoft SQL Server 2019 Benchmark v1.2.0
- CIS Oracle Database 18c Benchmark v1.0.0
- CIS Oracle Database 19c Benchmark v1.0.0
- CIS Oracle Cloud Infrastructure Foundations Benchmark v1.2.0
- CIS Google Workspace Foundations Benchmark v1.0.0
- CIS IBM Cloud Foundations Benchmark v1.0.0
- CIS Alibaba Cloud Foundation Benchmark v1.0.0
A series of sources that expand consumer privacy and personal information security requirements at the state level:
- Kentucky Insurance Data Security Act
- Maryland Insurance Data Security Act
- Vermont Insurance Data Security Act
- VA – Virginia Consumer Data Protection Act
- FTC Holder in Due Course Rule (16 CFR Part 433)
- CA – California Consumer Privacy Act of 2018 (Amended)
- CA – California Consumer Privacy Act Regulations (CPPA)
A set of federal acts that support the digital facilitation of commerce, plus provide increased consumer protection for US servicemembers and civilians alike:
- Electronic Signatures in Global and National Commerce Act (E-Sign Act)
- Servicemembers Civil Relief Act (SCRA)
- Telephone Consumer Protection Act of 1991 (TCPA)
Managing regulatory changes with Edgile ArC apps
Included in the ArC Content Service subscription is the Built on Now® Edgile Regulatory Change Management application. The solution provides a closed-loop process to surgically identify necessary changes to policies, standards, and controls across the organization based on new statutes, regulations, and standards. Intelligent automation and sustainment workflows are leveraged to load the desired regulatory content changes into ServiceNow IRM using an easy-to-navigate IT risk management framework.
The ArC Content Service is maintained by Edgile’s compliance experts in PCI DSS, Sarbanes Oxley, FFIEC, GLBA, FRB Reg A-YY, HIPAA, Privacy, FDA, NERC CIP, and more. ArC monitors federal regulatory amendments and state privacy laws, including state sources for personal information protection, security breaches, data sharing, identity theft, and notification.
ArC subscriptions are available on a paid annual basis for the following 21 verticals: Medical Device Manufacturer, Pharmaceutical Life Sciences, Healthcare Provider, Healthcare Provider + Research, Healthcare Payer, Healthcare Payer + Medicaid, Financial Services – Banking, Financial Services – Banking and Broker/Dealer, Insurance – Property and Casualty, Insurance – Property, Casualty and Life, Casino Gaming, Utilities, Oil and Gas, Manufacturing, Technology, Retail, Government, Media, Transportation, Real Estate, and Privacy.
ServiceNow IRM Quick Start Packages
ArC Content is the backbone of Edgile’s comprehensive ServiceNow IRM Quick Start packages. Quick Starts help clients avoid the costs of integrating content with ServiceNow, and the expense (both time and money) of continuously monitoring, updating and operationalizing regulatory changes.
For details on ArC ServiceNow apps and solutions, or if you want to know if a particular regulation in your industry is covered, please contact Edgile’s Risk and Security team.
Automated Regulatory Compliance (ArC)
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Regulatory Change Management App
Automate evolving compliance mandates It’s critically important for enterprises to keep track of regulatory changes and how they impact the business. Many firms find that managing constantly changing regulations and laws can be a burden to internal risk and compliance teams—especially when using manual processes. edgile-regulatory-change-management-app
Automated Regulatory Compliance (ArC) for Privacy
Accelerated privacy compliance tracking for ServiceNow IRM The accelerated digital transformation of the economy has exacerbated cybersecurity-related risks and events faced by organizations across the globe. In response to the corresponding uptick in breaches, regulatory bodies and standards publishing houses continue to deliver privacy-focused sources that promote modern safeguarding techniques for sensitive information. Edgile-Automated-Regulatory-Compliance-ArC-for-Privacy
Continue Reading Automated Regulatory Compliance (ArC) for Privacy
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