How To Develop An Effective GRC Strategy?
At the 2022 MetricStream GRC Summit, Michael Rasmussen brilliantly illustrated the interconnectedness of business risks using a “forest and trees” analogy. Just imagine the complex business environment as a forest. Understanding how each tree (or risk) fits into the bigger picture is important because a small vulnerability at a smaller level can escalate and set…
Jul 22, 2024
Data Governance Maturity models: Which one to choose?
According to a recent study, about 60% of Chief Development Officers are said to prioritize data governance in 2024 because of the return on investment they receive. The benefits include increased funding, opportunity generation, and enhanced security. In fact, many organizations are now shifting data governance left, which involves early testing of data and ensuring…
Jul 22, 2024
Governance Vs Compliance: Similarities, Differences and Common Misconceptions
When viewed from the outside, it is easy to misinterpret the results from compliance as indicators of good governance. For example, a partner might assume that passing a compliance audit signifies good leadership, a security-first culture, and a proactive approach to risk management. However, the company may have achieved compliance using a reactive approach and…
Jul 22, 2024
Data Governance Policy: Steps to Create, Examples and Templates
When leaders discuss the biggest data governance implementation challenges, they often mention the challenge of getting the stakeholders on board. This difficulty typically arises from a lack of data literacy and tooling, combined with the complex notions about execution. Now imagine a document that guides them on the hows and whys, serving as a blueprint…
Jul 22, 2024
IT GRC (Governance, Risk, & Compliance) For Scaling Businesses
Investment in IT increases as businesses expand and scale, with funding to support strategic goals. With it, the focus on practices like data analytics, building a cloud infrastructure, and improving cybersecurity measures increases to keep up with the growing technology demand. GRC plays a crucial role in supporting this investment by ensuring sustainable growth and…
Jul 22, 2024
FISMA Requirements: List of Official Mandates and Practices
The Federal Information Security Management Act (FISMA) is a United States law that came into effect in 2002. Its goal is to guide federal agencies handling sensitive government information systems to develop, document, implement, and maintain security programs that protect their information systems. FISMA also focuses on developing risk-based policy for cost-effective security. In this…
Jul 10, 2024