Governance vs Compliance: Key Differences and Similarities
In the world of corporate regulations, laws, and policies, two terms are used commonly and often interchangeably – compliance and governance. While these components of GRC have some overlapping objectives, their applicability is far from the same. In this article, we discuss what governance and compliance means and the differences between the two. What is…
Nov 06, 2024
Compliance vs Risk Management: Key Differences & Similarities
A report by Bloomsberg states that companies are spending 6-10% of their revenue solely on compliance! Furthermore, over 50% of executives see cybercrime as a top five risk now and in the next three years, with concerns rising. The above statistics are pieces of evidence that in the absence of compliance, you can lose money…
Nov 05, 2024
Top 3 Data Privacy Frameworks Explained
Navigating data privacy regulations can indeed be daunting for most organizations. Government authorities are now imposing more fines for privacy law violations as tech giants increasingly misuse their monopoly status to their advantage. The recent congressional hearings where Meta, TikTok, X, Snap on privacy policy and data security are a sign of things to come….
Nov 01, 2024
Top 10 Vulnerability Management Tools
With remote work and international teams becoming the new normal post-COVID, it’s hard to keep up with all your network devices, access points, or even software updates for your devices. Not having track of all these could easily make your network vulnerable to data breaches, cyber-attacks, and information loss. That’s why having a vulnerability management…
Nov 01, 2024
How to perform Compliance Gap Analysis?
When it comes to compliance, starting off on the right foot requires surveying your present conditions. It has a defining impact on how fast companies get to the audit-ready phase and reap the benefits of certification. Chief compliance officers see compliance gap analysis as a guiding method to steering their compliance efforts. Conducting a thorough…
Oct 31, 2024
Data Governance Framework: Comomplete Implementation Guide
As data becomes a vital component in fuelling business strategy and outcomes more than ever before, forward-looking organizations are striving to continuously enhance the trustworthiness of data. This is because data-driven decisions enable better insights and meaningful changes for the organization. However, building a data-informed culture calls for better data ownership, sharing, collaboration, and ongoing…
Oct 30, 2024