Your glossary for risk and compliance
Helpful definitions of all of the terms you need to know to better manage risk and compliance.
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TermsAFSL Authorised Representative AICPA Annex A Controls ASIC Attestation of Compliance (AOC) Business Continuity Management Compliance Automation Software Compliance Risk Management Cybersecurity Maturity Model Certification (CMMC) FedRAMP Governance Risk & Compliance (GRC) GPDR HIPAA HITRUST Incident Management Information Security Management System (ISMS) ISMS Governing Body ISO 27001 Notifiable Data Breach OAIC Policy Management SOC 1 SOC 2 SOC 3 SOC Reports SOC Trust Services Criteria (TSC) SSAE 16 SSAE 18 Third Party Risk Management Vendor Assessment Vendor Management Policy Vendor Review Vulnerability Vulnerability Management
What is HITRUST?
HITRUST stands for the Health Information Trust Alliance and was founded in 2007. The standard was organised with the intent to provide an option for organisations specifically in the healthcare sector to address information risk management across third-party assurance assessments, for consolidating and reducing the need for multiple reports.
HITRUST certification provided by the HITRUST Alliance enables vendors and covered entities to demonstrate compliance to HIPAA requirements based on a standardised framework.