Definition: Compliance Verification Management is an IT concept that involves the use of software tools and systems to ensure that an organization's IT infrastructure, processes, and policies are in line with regulatory standards and requirements. It is crucial for maintaining the integrity, security, and legal standing of an organization's IT operations. Source: Techopedia Source reference: https://www.techopedia.com/definition/24835/compliance-management Additional information: Compliance Verification Management is a comprehensive approach that involves the identification of a company's obligations under various laws, regulations, and standards, the creation of controls to meet these obligations, and the use of software tools to monitor and verify compliance. It is a critical aspect of risk management and corporate governance in the IT sector. Compliance Verification Management can cover a wide range of areas, including data protection and privacy, cybersecurity, financial reporting, and industry-specific regulations. It can help organizations avoid legal penalties, protect their reputation, and enhance their operational efficiency. Example: Examples of Compliance Verification Management include the use of IT governance software to monitor and report on compliance with the Sarbanes-Oxley Act in the financial sector, the use of data protection tools to verify compliance with the General Data Protection Regulation (GDPR) in the European Union, or the use of cybersecurity tools to ensure compliance with the ISO 27001 information security standard. LOST view: TVA-Customs Compliance and Regulatory Requirements Enablers [Motivation] Identifier: http://data.europa.eu/dr8/egovera/ComplianceVerificationManagementBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:ComplianceVerificationManagementBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-08-08 dct:identifier: http://data.europa.eu/dr8/egovera/ComplianceVerificationManagementBusinessService dct:title: Compliance verification management Digital Public Service