Vanta, the leading trust management platform, announced new investments in the United Kingdom and Ireland, including new compliance frameworks, product features and the opening of its London office. These initiatives reflect Vanta’s ongoing commitment to help UKI and European businesses easily achieve compliance and scale security programmes by providing the technology, local expertise and trusted partnerships needed to compete on a global stage.
Support for the EU AI Act
The rapid adoption of AI technologies presents both opportunities and risks for organisations. According to Vanta’s new State of Trust 2024 report, nearly half (49%) of UK companies are concerned about the risks AI poses to their security.
Vanta’s support for the EU AI Act includes all AI-specific controls, policies, tests and documents mandated by the act, helping companies meet emerging regulations and avoid significant penalties. Vanta categorises AI systems as “high-risk” or “low-risk” based on regulatory criteria and automates collection of the evidence needed to prove compliance, enabling continuous compliance monitoring while also automating AI risk assessments. The new offering also ensures that customers have the necessary documentation for external auditors—making compliance with the EU AI Act seamless.
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Added support for DORA and NIS 2
In addition to the EU AI Act, Vanta has expanded its offerings to support DORA and NIS 2 for European businesses. DORA, which takes effect in January 2025, requires financial institutions to strengthen their digital operational resilience, ensuring that they can withstand, respond to and recover from information and communication technology (ICT) disruptions. With Vanta’s support for the DORA framework, financial services firms in Europe can automate compliance efforts to ensure operational resilience by the January deadline.
Vanta’s newly added support for the NIS 2 directive is designed to help organisations across sectors like energy, banking and manufacturing to improve their resilience and response to cyber threats. The NIS 2 directive raises standards for risk management, incident reporting and control verification. Vanta’s support for this framework provides a cross-regional control set that allows companies to meet NIS 2 compliance regardless of where they are based, helping them to prepare ahead of local NIS 2 law being released.
“Vanta’s automated frameworks keep businesses up-to-date with the latest regulations, enabling them to move from point-in-time checks to a continuous, proactive approach to security and compliance,” said Jeremy Epling, Chief Product Officer, Vanta. “By automating evidence collection, streamlining workflows and intelligently mapping requirements across multiple frameworks, Vanta helps companies achieve compliance faster and more efficiently—allowing them to focus on innovation and growth.”
SOURCE: Businesswire