The shift to the cloud has introduced a number of operational challenges like cybersecurity. A report by Verizon reveals that 39% of breaches in 2021 affected SMBs who adopted the cloud. With cloud infrastructure becoming a mainstay and operations getting more complex, businesses now have to strategize on data security and risk assessment. This is…
Over time, businesses have experienced their fair share of realizations and revelations that have become the key drivers for GRC implementation. In the face of the interconnected nature of risks, they have learned that sticking to their traditional siloed practices is a recipe for disaster. They have also grappled with regulatory complexities and cyber threats…
According to a recent study by Deloitte, 40% of organizations plan to invest in Governance, Risk, and Compliance (GRC) solutions or upgrade their existing implementation. This demonstrates the rising demand for agile solutions specifically designed for today’s dynamic business environments. Crafted to fit Software as a Service (SaaS) platforms, modern GRC solutions leverage technology to…
The Governance, Risk, and Compliance (GRC) market is showing signs of rapid growth and expansion. The growth is estimated to be reaching a figure of $60.5 billion by 2025, up from $38 billion in 2020. This need for integrating GRC into strategic objectives is driven by mounting cybersecurity challenges, complicated regulatory demands, and heightened market…
Do you know that 44% of organizations plan to implement GRC or upgrade their existing implementation? Why so? Because GRC audits are proving to be an eye-opener for organizations so that they can optimize their GRC processes and controls. This helps businesses stay on top of their security and compliance game. Regular GRC audits are…
Coordinating people, processes, and technology while managing risks and staying compliant is easier said than done. Businesses often struggle to keep up with an increasingly fast-paced environment that leaves no room for strategic error. Poor processes affect functions across the organization and ultimately affect the bottom line. GRC compliance emerged to fill this gap and…
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