Bottom line, regularly reviewing your policies and procedures keeps your organization up to date with the latest regulations and technology, as well as consistent with the industry's best practices. Your policies are more consistent and effective, and they help protect the organization, the employees, and the people you serve.

And if you're in a high-risk or highly-regulated industry, such as healthcare, public safety, banking, or financial technology, you should be conducting regular policy reviews anyway. However, it's a smart idea for every organization, regardless of how regulated you are.