Vision of the digital GRC future
New security risks, increasing fraud and heightened scrutiny threaten any business that cannot adequately manage and monitor a Governance, Risk and Compliance (GRC) framework across their entire business.
With rapid changes in risk landscapes and competing compliance priorities, compliance and security teams are hard-pressed to respond. Add the growing burden from regulators and partners, and it’s clear that a new approach may be needed—one that benefits from world-class resources, strategies, standardized methodologies, and consistent processes to create a responsive GRC program.
In order to meet the needs of an effective Risk Management function, GRC activities needs to be fully embraced in all business activities. Risk Management goes beyond Financial Audit and Regulatory Compliance and needs to be adopted as a business concept across complex areas such as Digital, GDPR and Cyber.