What is it?
A combination of three approaches that organizations use to demonstrate compliance with international standards, global rules, laws, and state regulations. Referred to as IT GRC when a company uses information technology (IT) to apply GRC.
Why is it important?
Governance, risk management, compliance (GRC) is often implemented by companies that are growing globally to maintain consistent policies, processes, and procedures across all parts of the organization. It is important for business professionals to understand and follow the internal information security rules, company risk factors, and industry requirements that drive the implementation of GRC in order to ensure that the company as a whole remains compliant.
...continue reading "Term of the Week: Governance, Risk Management, Compliance (GRC)"