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For many, March 13, 2020 signaled the start of the COVID-19 pandemic. Working from home, social distancing, and discovering new hobbies became the “new normal” as the pandemic permeated our lives. Among the most dramatic changes we have seen is the way COVID-19 forced companies to evaluate and modify their existing operations.
Today, two years later, the pandemic still presents significant ongoing challenges. Novel, shifting federal and state mandates and guidances, evolving workforces, and changing enforcement trends continue to alter existing risk profiles. What it means to be compliant today is not what it meant in March 2020.
Accordingly, compliance professionals must evaluate their programs and controls to maintain compliance with generally applicable laws. Here are four compliance trends which companies need to confront today.
1. A broader need for third-party due diligence
For compliance programs, monitoring third parties is not a novelty. However, new risks have arisen as companies utilize vendors to combat some of the pandemic’s challenges.
One increased risk is third-party vendors’ handling of new, sensitive data. For example, in implementing COVID-19 testing and vaccination policies, companies have employed third-party vendor applications to monitor employee compliance. But this monitoring process raises health information compliance...
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