Sherlocked Security – RegTech Compliance Automation
Automate Compliance Workflows and Strengthen Your Regulatory Adherence
1. Statement of Work (SOW)
Service Name: RegTech Compliance Automation
Client Type: Financial Institutions, Healthcare Providers, E-commerce, Regulated Enterprises
Service Model: Compliance Framework Automation + Audit Readiness + Continuous Monitoring
Compliance Coverage: GDPR, PCI-DSS, HIPAA, SOC 2, ISO 27001, NIST 800-53
Service Focus Areas:
- Regulatory Compliance Framework Mapping
- Automated Compliance Workflows (Policy Enforcement, Reporting)
- Real-Time Compliance Monitoring & Risk Assessment
- Continuous Audit Readiness & Evidence Gathering
- Automated Reporting and Documentation for Compliance Audits
2. Our Approach
[Regulatory Framework Mapping] → [Compliance Policy Definition & Automation] → [Real-Time Monitoring & Risk Assessment] → [Audit Readiness & Evidence Collection] → [Continuous Improvement & Reporting]
3. Methodology
[Regulation Mapping] → [Automated Policy Enforcement] → [Compliance Monitoring Tools (GRC, SIEM)] → [Audit Preparation] → [Continuous Monitoring & Alerts] → [Real-Time Reporting & Dashboards]
4. Deliverables to the Client
- Automated Compliance Workflow Implementation (GDPR, PCI-DSS, SOC 2, etc.)
- Real-Time Compliance Dashboard for Continuous Monitoring
- Compliance Policy Automation with Rule Enforcement
- Audit Readiness Reports & Evidence Gathering Tools
- Quarterly Compliance Health Check & Risk Assessment Reports
- Compliance Monitoring & Alerts for New Regulation Changes
- Recommendations for Strengthening Compliance Framework
5. What We Need from You (Client Requirements)
- Access to current compliance documents and policies
- Existing compliance tools and platforms (GRC, SIEM, Audit management systems)
- Organizational structure and roles for compliance responsibility
- Overview of current regulations and industry-specific standards
- Participation from legal, risk, IT, and compliance teams
- NDA and scope confirmation
6. Tools & Technology Stack
- GRC (Governance, Risk, Compliance) Tools: Drata, Vanta, ServiceNow, LogicGate
- Continuous Compliance Monitoring: Splunk, SolarWinds, Qualys, Rapid7
- Security Information and Event Management (SIEM): Splunk, ElasticSearch, IBM QRadar
- Policy & Automation: Terraform, Ansible, Chef, Puppet
- Cloud Security: Prisma Cloud, AWS Config, Azure Security Center
- Reporting & Dashboards: PowerBI, Tableau, Grafana
7. Engagement Lifecycle
1. Kickoff & Regulatory Mapping → 2. Policy Definition & Automation → 3. Automated Compliance Monitoring Setup → 4. Audit Readiness & Evidence Collection → 5. Real-Time Reporting → 6. Continuous Monitoring & Updates
8. Why Sherlocked Security?
| Feature | Sherlocked Advantage |
|---|---|
| Full Compliance Automation | Automates policy enforcement, audit preparation, and reporting |
| Real-Time Compliance Monitoring | Continuous monitoring and alerts for any changes in regulations |
| Scalable for Multiple Regulations | Designed to manage multi-regulation environments (GDPR, PCI, HIPAA) |
| Seamless Integration with Existing Tools | Easily integrates with GRC, SIEM, and cloud security tools |
| Continuous Reporting & Health Checks | Keeps your compliance status updated with actionable insights |
9. Real-World Case Studies
Global E-Commerce Company Struggling with GDPR Compliance
Issue: Inconsistent application of GDPR policies and audit preparation challenges
Impact: Risk of fines due to incomplete documentation and non-compliance with GDPR data protection rules
Fix: Implemented RegTech compliance automation, ensuring that GDPR-related policies were automated and monitored in real time. Developed audit-ready workflows and tracking for ongoing compliance health checks.
Healthcare Organization with Complex HIPAA Requirements
Issue: Manual, error-prone process for HIPAA compliance tracking and reporting
Impact: Delays in preparing for HIPAA audits, inconsistent reporting on patient data protection efforts
Fix: Automated HIPAA compliance workflows with policy enforcement, integrated with continuous monitoring tools, and produced automatic compliance reports, ensuring faster audit preparation and maintaining HIPAA standards at all times.
10. SOP – Standard Operating Procedure
-
Regulatory Mapping & Framework Setup
- Identify the relevant regulations (GDPR, PCI-DSS, HIPAA)
- Map compliance requirements to internal policies and procedures
- Integrate regulatory changes into continuous monitoring systems
-
Policy Definition & Automation
- Define compliance policies (e.g., data encryption, access control)
- Implement automated policy enforcement using infrastructure-as-code tools (e.g., Terraform, Ansible)
- Configure continuous policy checks and alerts
-
Real-Time Compliance Monitoring & Risk Assessment
- Set up real-time monitoring for compliance metrics (e.g., data residency, encryption status)
- Continuously assess risk against compliance standards and generate reports
- Implement alerts for non-compliance events or deviations
-
Audit Readiness & Evidence Collection
- Automate evidence gathering for audits (logs, access reports, data protection practices)
- Maintain an up-to-date, ready-to-submit compliance portfolio for auditors
- Regular audits and reporting using compliance tools (Drata, Vanta)
-
Continuous Monitoring, Alerts & Reporting
- Monitor for regulation updates (new laws, amendments) and adjust policies
- Generate real-time dashboards for compliance health and risk levels
- Ensure automated reporting is always ready for internal or external audits
11. RegTech Compliance Automation Checklist
1. Regulatory Mapping & Framework Setup
- Identify applicable regulations (GDPR, PCI-DSS, SOC 2, HIPAA, etc.)
- Define compliance requirements for each regulation (data protection, access control)
- Establish mapping of internal policies to regulatory guidelines
- Implement regulatory change monitoring and real-time alerts for any changes
2. Automated Compliance Policy Enforcement
- Automate policy enforcement using IaC (Infrastructure as Code) tools like Terraform and Ansible
- Define mandatory compliance checks (e.g., encryption, MFA, access control)
- Set up compliance policy automations for continuous validation (e.g., Terraform policies)
- Configure automated workflows to handle policy violations and deviations
3. Continuous Compliance Monitoring & Risk Assessment
- Implement continuous monitoring for compliance-related events (access, data storage, encryption)
- Integrate with SIEM tools (Splunk, ElasticSearch) for real-time risk assessment and alerts
- Assess risks regularly based on new regulatory requirements and business changes
- Generate real-time risk dashboards for exec teams to review compliance status
4. Audit Readiness & Evidence Collection
- Ensure compliance evidence (logs, reports, access) is collected automatically
- Integrate tools to gather audit-ready documentation (e.g., Drata, Vanta)
- Maintain a centralized repository of audit evidence with automated updates
- Schedule quarterly audit preparation checks and run audit simulations
5. Reporting & Executive Dashboards
- Create compliance dashboards with metrics on risk, policy adherence, and compliance status
- Regularly update compliance reports for internal and external stakeholders
- Track compliance trends and areas requiring attention using visual reports (PowerBI, Tableau)
- Set up automated reporting triggers for when compliance thresholds are met or breached
6. Continuous Improvement & Updates
- Monitor for changes in regulations, industry standards, and best practices
- Review and update policies quarterly or in response to significant regulatory changes
- Ensure real-time adaptation to regulatory amendments and integrate them into workflows
- Conduct regular health checks of the compliance automation system to ensure efficiency and effectiveness
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