Edgile Releases ArC Q1 2023 Update for ServiceNow

By Giovanni Sparacio, Senior Manager

Edgile, the leading cyber risk and regulatory compliance consulting firm and ServiceNow Elite partner, announced the Q1 2023 release of its Automated Regulatory Compliance (ArC) Content Service for ServiceNow.

Edgile’s award-winning ArC service delivers more than 750 harmonized laws, regulations and industry standards and automatically loads them into ServiceNow IRM.

The Q1 2023 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.

What’s new with ArC in Q1?

Edgile’s harmonized ArC Content Library now contains over 750 laws, regulations and best-practice frameworks! The Q1 2023 content update adds 18 new authoritative sources to the ArC Master Library across Edgile’s three core risk taxonomies for Information Technology Risk Management (ITRM), Operational Risk Management (ORM) and Enterprise Risk Management (ERM).

Additions to the ArC Master Library for this quarter include:

A series of NIST sources that address standardized approaches to improving organizational security, privacy and risk management postures, including:

  • NIST SP 800-137A – Assessing Information Security Continuous Monitoring (ISCM) Programs: Developing an ISCM Program Assessment
  • NIST SP 800-59 – Guideline for Identifying an Information System as a National Security System
  • NIST SP 800-47 Rev. 1 – Managing the Security of Information Exchanges

A set of sources that expands privacy and sensitive information security requirements, including:

  • Australia Government Protective Security Policy Framework (PSPF) 
  • OMB M-06-16 – Protection of Sensitive Agency Information
  • IRS Publication 4812 – Revision 13 (2022)
  • Pennsylvania Data Breach Notification Law (amended)

A series of sources that aim to establish and operationalize security controls to reduce information security risks and improve organizational risk postures, including:

  • ISO 27005:2022
  • Digital Operational Resilience Act (DORA)
  • EU NIS 2 Directive
  • UK National Cyber Security Centre – Cyber Assessment Framework v3.1
  • MARS Volume II: Minimum Acceptable Risk Standards for Exchanges
  • South Australian Cyber Security Framework (SACSF)

A pair of Australian sources that covers the implementation of security requirements to safeguard critical infrastructure, including:

  • Australian Security of Critical Infrastructure Act 2018 (SOCI Act) 
  • Australian Energy Sector Security Framework (AESCSF)

A set of financial and payment processing related sources, including:

  • Payment Card Industry (PCI) – Software Security Framework Secure Software Requirements and Assessment Procedures Version 1.2
  • FFIEC – Authentication and Access to Financial Institution Services and Systems (2021)
  • 28 Texas Administrative Code Section 7.88 – Independent Audits of Insurer and HMO Financial Statements and Insurer and HMO Internal Control over Financial Reporting

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.

Resources

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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