Enterprise Risk Management: A Strategic Approach to Managing Risk
As companies grow, so do their operational complexity, customer bases, and the amount of data they process on a daily basis. These bring in unprecedented risks—enterprises need to process a larger amount of data, disclose and uphold data subject rights, and keep all of this data safe from internal and external threats. This means their…
Oct 01, 2024
Vendor Risk Assessment: Mitigating Third-Party Vulnerabilities
Gartner’s study reveals that 80% of compliance leaders uncover third-party risks post-initial onboarding and due diligence processes; this finding underscores the escalating complexity within vendor relationships. It emphasizes the necessity for risk management strategies when dealing with vendors. Investing in vendor risk assessment procedures—such as enhancing procurement processes, bolstering supervision, and mitigating associated risks with…
Oct 01, 2024
ISO 27001 Report: 4 Steps to Prepare for it
ISO 27001, the internationally adopted standard for data security, specifies how an organization should manage its data and outlines the different controls and objectives to design the organization’s information security management system (ISMS). However, there’s one crucial step in achieving an ISO 27001 certification—the report. The ISO 27001 report is a crucial document that every…
Oct 01, 2024
GRC Automation: How to Get Started
Everyone has a strategy for managing governance, risk management, and compliance with industry/government regulations. Businesses refer to these strategies as their GRC (Governance, Risk, and Compliance) program. With the very nature of these concepts constantly evolving, it begs the question—are the strategies in your GRC program equipped to handle enterprise risk management and compliance? Or…
Oct 01, 2024
12 Best Healthcare GRC software
With 707 publicly disclosed data breaches across healthcare firms in 2022, this industry was the prime target for data security gaps. Sadly, this is part of a trend that has been on the rise ever since 2019 in the healthcare sector. Such events have introduced new risks and operational challenges, fueling the necessity to implement…
Sep 30, 2024
7 Best Compliance Software Tools for 2025
Every business strives to portray a strong security posture with a significant amount of effort going into making clients feel secure. Customers are more likely to consider a company that takes cybersecurity seriously. And this appeals to both new and returning clients. One of the aspects that helps companies achieve this level of comfort and…
Sep 30, 2024