GRC

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…

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…

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…

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…