Stay on Top of Risk and Compliance Updates with iTechGRC

Business Continuity vs. Disaster Recovery: Key Differences Every Business Should Understand

In today’s unpredictable business landscape, disruptions can happen anytime, often with staggering consequences. In 2024, IBM’s Cost of a Data…

Role of a Risk Control Matrix in Ensuring GRC Compliance: A Complete Guide

Do not read this blog if you’re absolutely certain every risk in your business is perfectly under control. If every…

10 Strategies to Build Effective Supply Chain Risk Management in 2024 and Beyond

"The best way to predict the future is to create it." – Peter Drucker In today's uncertain world, businesses are…

Vendor Risk Assessment: What is it and How to Conduct It?

Previously, we discussed the key differences between third-party and vendor risk assessments, focusing on external risks. Now, let’s turn our…

Difference Between Third Party Risk Assessment and Vendor Risk Assessment

Have you ever wondered what sets a vendor risk assessment apart from a third-party risk assessment? It’s easy to confuse…

Mastering Operational Risk Management with IBM OpenPages: A Simple Approach

"Failing to prepare is preparing to fail." This quote from Benjamin Franklin reminds us why being proactive is so important.…

Top Telecom and Network Regulatory Compliance Risks to Watch in 2024

Federal agencies' landmark regulations, such as the net neutrality, Truth-in-Billing policy, and robocall and texting guidelines, underscore the importance of…

Simplifying Financial Compliance Regulation for 2024 with IBM OpenPages

Complying with financial compliance regulations is harder than before. Businesses are in danger of non-compliance with financial regulations such as…

An Insider’s View of a BCP Failure: What an IT Manager Wants You to Know?

A business continuity plan (BCP) document is an enterprise IT manager's crisis playbook. At a deeper level, it provides a…

The Serious Consequences of Non-Compliance: Lessons from the CrowdStrike Outage

In July 2024, CrowdStrike encountered a situation no company wants to experience. What began as a service outage soon became…

Will the Cookie Crumble? Google Chrome Reverses the End of Third-party Cookies (Part 1)

A while ago, there were talks about entirely phasing out third-party cookies in 2024. Google Chrome also restricted third-party cookies…

The Allure of Healthcare Data: Why is it a Hotbed for Healthcare Cybersecurity Breaches?

Digital health systems and data-driven medical devices enhance performance and care quality in the healthcare industry. However, converting large volumes…

Homomorphic Encryption: Future of Secure Data Processing & Encrypted Computing

Data privacy has evolved alongside technological sophistications and advancements in cybersecurity attacks. Personally identifiable information (PII) gathered by companies have…

Rapid Incident Response: The First 24 Hours

You've learned how to assess Third Party Vendor Risk and build an Incident Response Plan in a scalable style. So,…

Data Management and Data Governance: What’s the Difference?

  You have probably heard about data management and data governance several times in our blogs. You aren't the only…

Building a Robust Incident Response Plan for Third Party Risks like CrowdStrike: A Step-by-Step Guide

In our first blog of the series on CrowdStrike Resilience, we highlighted the crucial need for assessing third-party risks, particularly…

Questionnaires to Assess Your Third Parties for CrowdStrike

The $5.4 Billion Outage On July 19, 2024, Fortune 500 companies experienced a shocking $5.4 billion loss, with about 25%…

U.S. Data Protection and Privacy Laws: Federal Updates (Part2)

As states in the U.S. intensify data protection guardrails, efforts escalate at the federal level with new rule proposals, prompt…

U.S. Data Protection and Privacy Laws: Brand-new Updates in State Regulations (Part1)

Several state–and federal data privacy laws were passed in 2024. Both regulators and consumers are becoming increasingly concerned with data…

Manufacturing Compliance Management 101

The margin for error in manufacturing compliance is razor-thin, as demonstrated by the infamous Abbott Laboratories case. The company was…

Time to Re-evaluate Corporate Actions: Six Corporate Governance Trends in 2024

Corporate governance frameworks are vital for demonstrating a company's ethical practices and values while balancing stakeholders' and community interests. 2024…

Four Lessons on Avoiding a GRC Failure

Large corporations, brands, and enterprises have a fair share of reasons to fall behind their governance, risk, and compliance management…

GenAI for Risk and Compliance in Banking & Financial Services  

Remember the March turmoil from the collapse of Silicon Valley Bank (SVB)? It was a rude awakening for the global…

2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)

Previously, we discovered a tapestry of trends impacting the U.S. consumer products industry in 2024. The year will be known…

Gen-AI Regulations in Life Sciences: Are You Ready for the Future?

How prepared are you for the changes in generative AI regulations affecting life sciences? With rapid advancements in AI, especially…

Implementing IT Governance: Best Practices for Managing IT Investments and Risks

Did you know that global IT spending reached a staggering $4.7 trillion in 2023 and is expected to soar to…

2024’s Top Risks in the Consumer Products Industry (Part1)

  Tumultuous global and economic events from previous years will likely persist in 2024. Therefore, the severity of the risk…

Pros and Cons of Different IT Governance Frameworks

Every solution has its advantages and disadvantages, and IT governance frameworks are no exception. As a CIO, IT executive, or…

FDIC Risk Review 2024: A Nuanced Approach to Risk for U.S. Community Banks

Rising interest rates and an uptick in liabilities drive banking and financial institutions into liquidity risks. We have witnessed the…

Overcoming Retail Challenges: How GRC Transforms Retail Compliance and Security

Ever felt like your retail business is a house of cards, ready to collapse with one data breach, budget cut,…

Steps to Select the Right IT Governance Framework

Imagine standing in front of a vast library filled with countless books. Each book promises to help you build a…

Simplify Compliance & Risk Management for Organizations in the Public Utility & Energy Industry

In the public utility and energy industry, compliance management is more than a regulatory checkbox—it's the bedrock of operational reliability…

How Regulatory Compliance Solutions Can Be Your Winning Strategy in Business?

"In business, as in games, those players who understand the rules have the highest chance of winning." Running successful business…

Is Your Automotive Business Compliance Up to Speed? Here’s the Ultimate List!

Do you think your automotive business is fully compliant? If you can answer these questions confidently, you might be right.…

Why is compliance management important in Healthcare?

Healthcare regulatory compliance is a critical balancing act vital to preserving and creating value within the healthcare industry. Forbes highlights…

IT Governance Framework: Definition & Types

Understanding IT governance frameworks is crucial for making smarter IT decisions, managing risks effectively, and optimizing IT investments. Here’s what…

Your Blueprint to Vendor Management Policy

Do you remember when KFC ran out of chicken in the UK? It sounds almost unbelievable, but this real-life incident…

What Is the Difference between Vendor, Third-Party, Supplier, and Fourth-Party Risk Management?

Have you ever found yourself puzzled by the terms supplier, vendor, third-party, and fourth-party when it comes to risk assessment?…

What Is a Supplier Risk Assessment?

Let's discuss something that's been making headlines lately. In May 2024, Toyota Motor had to repeatedly halt production at its…

10 Steps to Improve Corporate Governance

Imagine an organization where everyone knows their roles, tasks are completed smoothly, and there's a strong sense of trust and…

Rise of Social Engineering: Types of Social Engineering Attacks (Part 2)

After a prelude to the concept of social engineering as an emerging form of cybersecurity attack, let's explore the different…

Seven Valuable Lessons on Third-party Risk Management

Recently, a leading bank made headlines for suffering a massive third-party data breach that compromised tens of thousands of its…

Rise of Social Engineering: Why Enterprises Should Worry about this in 2024? (Part1)

In the era of digitization and GenAI, social engineering is another rapidly rising cybersecurity threat that capitalizes on human vulnerabilities.…

Selecting the Best GRC Tools in 2024

Finding the right Governance, Risk, and Compliance (GRC) tools amidst numerous options can be overwhelming. However, selecting the best GRC…

6 Steps to Implement Effective GRC Framework

Implementing a Governance, Risk, and Compliance (GRC) framework is essential for businesses aiming to streamline operations, ensure regulatory compliance, and mitigate risks. While…

How will the U.S. Elections impact AI Regulations?

What’s common between the Democrats and Republicans besides contesting for U.S. elections? The answer is both parties agree on guard…

Is Your GRC Framework Flawless?

Nearly half (49%) of surveyed corporate risk and compliance professionals identified standardizing risk and compliance frameworks across their organization as…

Exploring Six Critical Challenges to GRC Implementation

Governance, risk, and compliance (GRC) refers to an integrated set of capabilities that enables an organization to achieve principled performance.…

TikTok Ban in the U.S.: Important Takeaways

For GenZs, TikTok is where the newest trends are set. Lately, the social media app has been trending, and the…

AI-enabled fraud detection in GRC

Businesses are up against a massive challenge: fraud. The Association of Certified Fraud Examiners (ACFE) released a shocking fact stating that companies are…

Impact of AI-Powered GRC Analytics on Businesses: From Data to Decision

Governance, risk management, and compliance (GRC) are the core parts of every organization. Yet, they share a common feature: they…

Automated Risk Assessment: Monitor Your Business Risks 24*7

Modern businesses face many risks, from cyber threats to financial crises, and risk management is not merely important; it is…

GRC 101: What is GRC?

Data privacy constantly changes, reflecting our growing unease with how personal data is handled. Imagine every bit of your data—your…

Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024

Events on the global regulatory front in 2023 turned environmental, social, and governance (ESG) into a serious boardroom agenda.  Concurrently,…

The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections

Technologies have always had an impact on political campaigns. At the turn of the 21st century, the use of the…

Understanding ESG Materiality & its Importance in Sustainability Reporting

In a recent PwC survey, 76% of consumers said they would cease associating with brands and companies that treat employees,…

AI Use Cases in GRC: An Explorative Guide

If you know the line, "Stories written before space travel but about space travel," from Philip K Dick’s novel, Do…

New Global Internal Audit Standards in 2024

Achieving a meaningful impact through internal audit is within reach when you focus on what truly matters to stakeholders. By…

Role of Regulatory Technology in Simplifying Compliance Processes

Did you know that despite rapid technological advancements, approximately 60% of GRC users still rely on manual spreadsheet-based compliance management? It's…

FTC Rules Protect Against GenAI-led Impersonations: Rule Finalizes to Protect Businesses, and Government from Scams

February 15, 2024, the Federal Trade Commission (FTC) finalized the rules to address AI-enabled impersonation scams to protect consumers, government,…

Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals

2023 was indeed a poster year for disruptions. Evolving bank regulations and supervision will drive banking and financial services firms…

U.S. Data Privacy Laws 101

The consumer data collection process is saturated with ethical and legal complexities. Yet, firms cannot get enough of this ‘digital…

Final Rule Announced for SEC Climate-related Disclosures: What’s New in 2024

The world economy has reached a fair turning point after several long-drawn discussions about the impact of climate-related risks on…

Unraveling GDPR: GDPR Compliance Checklist for U.S. Companies (Part 2)

As businesses rapidly turn digital, it is incredibly easier to interact globally and engage using customers’ data. GDPR’s data privacy…

Unraveling GDPR Requirements and How Some of it Impacts the U.S. (Part 1)

Six years after its enforcement, the European General Data Protection Regulation (GDPR) is now an exclusive industry in the U.S.…

AI Integration in GRC Tools Will Become A Commonplace in 2024

When we talk about technological sophistication, every enterprise competes to be at the bleeding edge of trends. In 2023, GenAI…

5 Compliance Goals of Every Compliance and Risk Leader in 2024

Heightened expectations for transparency and accountability will keep compliance leaders on their toes throughout 2024. There are many storms to…

Plan Your Firm’s Data Governance Framework: New Trends Await in 2024!

2023 was indeed an insightful year for data owners and data processors. Effective data governance guarantees data integrity and drives…

AI and Sustainability Missions Go Hand in Hand!

AI and Sustainability Recently, at COP28, AI was dubbed a powerful tool to combat climate change. Investors, regulators, businesses, and…

Does Your Firm Process PII or Sensitive Data? Learn About Data Protection Impact Assessment

Earning customers’ trust is paramount to business success. In today’s data and app-driven digital world, customer data is a currency…

Make Room for 2024 GRC Trends: Experts Say GRC Solutions are the Way to Go!

Another tumultuous year ends. After enduring a ream of shocks, the idea that CEOs, CIOs, CROs, and compliance leaders worldwide…

Highlights from the COP28: The Future of ESG Reporting

Climate changes made sustainability the global catchphrase. However, the hope of reaching zero emissions and transitioning out of fossil fuels…

A Guide to Model Risk Governance

The world survived turmoil from geopolitical shifts, soaring inflation, great resignation, and three years of compounding crises from the COVID-19…

Keep Up with 2024’s Top Data Privacy Trends with OpenPages Data Privacy Management

Did you know last year, there were about 4,100+ data breaches, accounting for 22 billion publicly exposed records? Another research…

IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance (Part 2)

Previously, in our IBM Watsonx blog series, we explored the components within the IBM Watsonx and Watsonx.governance and the foundational…

IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance

Generative artificial intelligence, or GenAI, is now a global phenomenon. Leaders and decision-makers of enterprises creating this transformative technology strive…

IBM OpenPages Risk Management for ESG Helps Corporate Leaders Understand their Firm’s ESG Risks

IBM OpenPages with Watson is an integrated risk management platform built to help organizations stay on top of their ESG…

How Important is an ESG Score for BFSI Firms?

The rapid globalization and technological evolution over the last decade have led to a drastic increase in trade flows and…

Recapping 2023 ESG Trends for BFSI Companies

Growing concerns about climate change and rising carbon emissions have not singled out the global banking, financial services, and insurance…

Internal Audit and its Growing Role in Emerging Technologies – Part 2

In part 1 of this blog, we delved into the current business challenges and the role of internal audit in…

Internal Audit and its Growing Role in Emerging Technologies

The internal audit business function has steadily seen its role in Emerging Technologies grow exponentially. With data breaches frequently appearing…

Top 5 Operational Risks Every Financial Institution Should Be Aware of

Operational risks account for a fairly significant portion of an average company’s risk management landscape but the equation changes rather…

The Benefits of Integrating Enterprise Risk Management (ERM) and Internal Audit Management for Credit Unions

An enterprise risk management strategy or ERM offers a host of benefits to companies in all industries and business sectors.…

Enterprise Risk Management Software Implementation Best Practices

Enterprise risk management software implementation can be very complex, especially when you consider the large number of third-party integrations that…

Key Highlights of IBM OpenPages with Watson v9.0.0 Release

IBM's OpenPages with Watson stands out as a highly integrated governance, risk, and compliance platform, empowering businesses to address their…

How Leading Financial Services Companies are Managing Model Risk in 2023

Financial services companies face a complex risk management landscape, with model risk being one key area of concern. Model risk…

The Role of Policy Management in Preventing Financial Fraud in Banking

Financial institutions such as banks and credit unions face a very high level of risk. This risk is inherent and…

How to Streamline Your Regulatory Compliance Process in the Insurance Industry

The insurance industry is amongst the most heavily-regulated industries, perhaps only behind the financial sector when it comes to the…

The Role of IT Governance in Strengthening Data Security for Insurance Companies

Data security is a very real concern for companies in all business sectors, but the dangers and risk factors are…

The Future of Data Privacy in Credit Unions: Trends and Predictions

People expect that their personal data and financial information will remain protected at all times, especially when it comes to…

AI can Help You Turn Digital Risk Management into Strategic Advantage

In any organization, digital risk has rapidly emerged as one of the most pervasive and rapidly growing risks. A recent…

How to Evaluate and Choose a Data Privacy Management Solution for Your Credit Union

Data often represents a credit union’s lifeblood — its most valuable asset, so to speak. A financial institution’s data may…

How to Measure the Effectiveness of Your Credit Union’s Internal Audit Process

Credit unions — like banks and other financial institutions — are subject to strict regulatory oversight which carries significant reporting…

The Importance of IT Governance in Mergers and Acquisitions for Investment Banks and Brokerage Firms

Brokerage firms and investment banks are subject to strict regulatory oversight and a host of legal requirements. This makes for…

IT Governance and ITIL Framework for Investment Banks and Brokerage Firms

Investment banks and brokerage firms are subject to strict legal and regulatory oversight, which means these companies must implement measures…

How to Build a Business Case for Implementing Enterprise Risk Management Software?

Enterprise risk management software can be a challenging sell when it comes to convincing company leadership, stakeholders, and other decision-makers…

How to Evaluate the Return on Investment for ERM?

Enterprise risk management software — or ERM — has gained an ever-increasing amount of popularity amongst companies in all industries…

Policy Management Tools and Technologies for Credit Unions: A Comprehensive Guide

Financial institutions such as credit unions and banks are tasked with maintaining extremely strict policies and operational protocols. This uniformity…

How to Budget for Enterprise Risk Management Implementation?

Enterprise risk management software has seen increasing popularity in recent years and for good reason. Many business leaders seriously re-evaluated…

Why Financial Services Companies Need a Robust Third-Party Risk Management Solution

Financial services companies are amongst the most highly-targeted type of business when it comes to the criminal element, including cybercrime.…

Common Financial Control Management Challenges and How Custom IRM Solutions Can Help

Financial institutions such as banks and credit unions are faced with a complex and diverse risk management and mitigation landscape…

The Benefits of Automating Your Mortgage Firm’s Third-Party Risk Management Processes

Third-party risk management — or TPRM —  is a very real and very significant component of a mortgage firm’s broader…

The Costs of Ignoring Third-Party Risk Management in Mortgage Firms

The mortgage and lending sector operates within a very complex risk management landscape — a landscape that becomes increasingly complex…

10 Common Pitfalls to Avoid When Implementing Model Risk Management in Financial Services Companies

Financial services companies routinely confront a variety of risk factors, threats, and vulnerabilities as part of their risk management and…

The Importance of ESG in Company Valuation: A Guide for Investment Banks

Investment banks must consider a broad and multi-faceted range of factors in the normal course of business. Recent years have…

How Custom IRM Solutions Can Help Banks Meet Regulatory Requirements

The financial business space is one of the most highly-regulated industries, with dozens of different legal requirements and regulatory oversight…

The Link Between ESG Performance and Financial Performance: A Data-Driven Analysis

Recent years have seen a dramatic increase in the number of companies that are placing great emphasis on ESG —…

How Investment Banks and Brokerage Firms Can Incorporate ESG Investment Strategies Into Their Overall Investment Approach

The financial sector has a broad and multifaceted risk management landscape where environmental social governance (ESG) principles reign with great…

Agile internal audit management: Complying with industry’s dynamic regulations and beyond – A financial services perspective

The financial services sector undergoes constant changes, which include expanding organizational risk profiles, stricter regulations, and increasing stakeholder expectations. These…

The Importance of Continuous Support in Financial Controls Management: Tips for Evaluating Providers

Companies in all industries and business sectors ought to have a well-established risk management strategy in place. Within that strategy,…

Best Practices for Implementing an Effective Operational Risk Management Program for Financial Institutions

Banks and other financial institutions face a slew of risk management challenges, many of which are in-built and inescapable components…

How Insurance Companies Can Incorporate Cyber Risk Analysis into Their Business Continuity Management Plan

The insurance industry is amongst the most complex when it comes to risk management, seemingly with threats approaching from every…

How to Identify and Prioritize Risks in Business Continuity Management

An ever-increasing number of business leaders are placing increased emphasis on risk management as part of their overall business strategy.…

Guide to IBM OpenPages V8.3: What is new and what has changed

OpenPages with Watson by IBM is one of the best-integrated governance, risk, and compliance platforms that enable businesses to manage…

How to Choose the Best Financial Services Risk Management Framework

Enterprise risk management can get extremely complex, especially when you are dealing with a frequently-targeted industry such as the financial…

Streamlining Banking Risk Management: The Benefits of Implementing a Risk Management Software

Of all business sectors and industries, business leaders in the financial sector and banking space are confronted with some of…

How IBM’s OpenPages Helps Visualize Risk Management

IBM’s OpenPages is an artificial intelligence-driven governance, risk, and compliance software platform that’s gaining tremendous popularity amongst companies that are…

How Banks Are Using Enterprise Risk Management Systems to Improve Efficiency and Accuracy

Enterprise risk management software platforms are designed to target vulnerabilities, neutralize threats and reduce risk levels. Banks and other financial…

Developing an ERM Framework for Your Financial Institution

Enterprise risk management — or ERM — is a topic of very real strategic consideration for financial institutions such as…

What to Expect During the ERM Implementation Process

Enterprise risk management (also known as ERM) is a critical component of any good business strategy — a fact that…

How IBM OpenPages User Interface Improves Risk Management

Enterprise risk management is a highly dynamic and complex discipline, with companies investing a significant amount of time, money, and…

What is Visualization Reporting and How Does it Help Mitigate Risk?

Visualization reporting has gained tremendous popularity in recent years, alongside the rise of big data and analytics technology. An increasing…

How to Spot Compliance Issues Quickly with a Risk Management Dashboard?

Banks and financial institutions confront serious risks on a daily basis, with many of these threats being unavoidable due to…

Can ERM Software Really Help Banks Mitigate Risks?

For generations, banks, credit unions, lenders, and other financial institutions have used a business model that, while profitable, carries a…

ERM Software for Financial Institutions

Enterprise risk management software (ERM) systems can be a true game changer for banks, credit unions, and other financial institutions,…

What is the Future of Enterprise Risk Management in the Banking Sector?

Few businesses face the sheer number and severity of threats that you confront in the financial industry and banking sector.…

How Can Banks and Credit Unions Mitigate Risks?

  Banks, credit unions, financial service providers, and other companies within the financial sector confront a variety of risks and…

Processes that Expose Your Bank to Risk

Banks and other financial institutions such as credit unions, lenders, and financial service providers face a rich and expansive risk…

The Importance of Compliance for Financial Services Providers?

Companies specializing in financial services are subject to strict regulatory oversight. In fact, aside from the healthcare space, the financial…

How Do You Manage Operational Risks in Banks?

Financial institutions such as banks, credit unions, and others in this business sector must manage a very complex and multi-faceted…

Mitigating Compliance Risks in the Banking Industry in 2023

The banking industry and the greater financial sector face a host of legal and regulatory compliance risks, with a handful…

What is Operational Risk in Financial Institutions and Banks?

Banks and financial institutions have a broad and rather complex risk management landscape, with operational risk accounting for a fairly…

How is Digital Transformation Changing Risk Management for Financial Institutions?

  Digital transformation accounts for the most significant high-tech movement in the business world, with the COVID-19 pandemic driving the…

How Can Big Data Play a Role in Financial Risk Management?

  Big data is one of the most significant trends in digital transformation today, with more and more companies leveraging…

Everything You Need to Know About Regulatory Reporting for Financial Institutions

  Regulatory compliance is a very real concern for financial institutions and other companies within this industry. Subject to some…

What are the Top Regulatory Compliance Concerns for Financial Services Companies?

Financial services providers are subject to stringent regulatory oversight and as such, compliance is a major concern that must be…

What is Financial Regulatory Compliance?

Regulatory oversight affects virtually every industry and business space to some degree, but there are a handful of industries that…

How to Avoid the Complete Breakdown of SOX Compliance Requirements

    Avoiding the complete breakdown of SOX compliance requirements is critical for organizations. The challenges associated with the Sarbanes-Oxley…

5 Tips to Meet IT SOX Compliance Requirements

SOX compliance is a very real component of the risk management landscape for publicly-held companies in all business sectors and…

Avoid Fines With This SOX Compliance Checklist

Protect your business revenue by staying SOX compliant and avoiding fines and penalties with our comprehensive SOX compliance checklist.  …

The Cost of SOX Compliance Software vs Non-Compliance Penalties

The 2002 Sarbanes-Oxley Act or SOX has a significant impact on companies in a number of different industries, with compliance-conscious…

Tips on How to Start Correcting Non-Compliance

Businesses both large and small have focused more of their attention toward risk management since the arrival of the COVID-19…

What Are Some of the Consequences for Non-Compliance?

Legal and regulatory non-compliance are an increasingly relevant concern in the business world, with fines and penalties being very significant…

How to Avoid Fines for HIPAA Non-Compliance – Technology and Cloud HIPAA Violations

HIPAA violations are a primary area of concern in the healthcare sector, with fines set at a maximum of $50,000…

The True Cost of Non-Compliance

The cost of non-compliance can be crippling for an organization. Legal and regulatory non-compliance have become very real risk management…

The Benefits of Using Top Compliance Solutions Companies

Recent years have seen a marked increase in the number of companies that are implementing risk management solutions as they…

How Compliance Software Companies Benefit Financial Institutions

Risk has a constant presence in the financial sector, shaped by the world's volatile, uncertain, complex, and ambiguous (VUCA) nature.…

Addressing Data Security Challenges With Risk and Compliance Solution Companies

Data management is a common area of concern when it comes to risk management and regulatory compliance. Business leaders in…

How Compliance Solution Companies Can Help You Overcome Common Compliance Challenges

Legal and regulatory compliance has emerged as an increasingly relevant risk management concern for companies both large and small across…

How Environmental Compliance Services Help You Maintain ESG Compliance

Environmental, social, and corporate governance — also known as ESG — is a term used to describe an increasingly popular…

Advantages of Compliance Consulting Services

Today’s business is faced with a slew of regulatory compliance requirements and with each of those regulations comes the potential…

Addressing Privacy and Data Challenges with Regulatory Compliance Services

  As technological proliferation expands, so too does the amount of data that is generated. Contact forms. eNewsletter subscriptions. This…

How Compliance Services Can Help You Avoid Large Penalty Fines

Technological proliferation has led to a sharp rise in the amount of data that is generated, collected, and stored across…

Advantages of Regulatory Compliance Consulting for Banks

Banks and other financial institutions are subject to strict regulatory oversight, with a number of independent and government-based organizations establishing…

How Compliance Consulting Firms Help You Maintain SOC 2 Compliance

Data management is an increasingly common concern for businesses in all industries and sectors, as regulatory oversight becomes more stringent…

Avoiding Compliance Risks With a Compliance Consulting Agency

Recent years have seen a significant rise in the number of regulations that are being issued and enforced by both…

5 Things That Show You Need Compliance Consulting

Compliance consulting has gained tremendous popularity in recent years amongst businesses both large and small, across all industries and business…

Tips for Finding the Best Risk Management Consulting Firms

Risk management consulting firms can bring significant benefits to your business, whether you are a new, up-and-coming startup venture or…

Benefits of Enterprise Risk Management Consulting

Enterprise risk management consulting has seen a significant rise in popularity in recent years thanks to factors such as an…

Why the Risk Management Consulting Market is Booming and Why You Should Care

The risk management consulting market has seen a meteoric rise in popularity in recent years. This surge in popularity was…

Tackling IT Risk Challenges With Risk Management Consulting Firms

Cybercrime and other digital threats have taken on a life of their own, especially in recent years, with cyber criminals…

Avoiding Poor Data Governance With Data Risk Management Services

Many fail to realize it, but for a vast majority, a company’s most valuable asset is its data. That’s right.…

Who Needs Risk Management Consulting Services?

Until relatively recently, many business leaders regarded risk management to be more of a proactive and even semi-optional sort of…

Benefits of Using Top Enterprise Risk Management Service Companies

Business leaders have become increasingly conscious of risk management issues on the heels of the COVID-19 pandemic; an event that…

What are Risk Management Services? 

Risk management is a critical consideration for companies large and small, across all business sectors and industries. But effectively managing…

What to Look for in a GRC Consulting Services Provider

Recent years have seen a dramatic increase in the number of business leaders who have realized the importance of governance,…

The Importance of Choosing a Good GRC Consulting Company

Governance, risk, and compliance — better known as GRC — are key components of an effective business risk management strategy.…

What is GRC Consulting? 

An increasing number of companies are turning to governance, risk, and compliance (GRC) consulting as part of a broader and…

Understanding the Role of GRC Consultant During GRC Implementation 

As more and more companies develop an increasing awareness of the issues surrounding governance, risk, and compliance (GRC), we are…

Which Type of Risk Managing Software is Right for Your Business?

Choosing the right risk-managing software can be the linchpin to safeguarding your organization's future. Explore the world of Risk Managing…

What is Enterprise Risk Management Software for Banks

Enterprise risk management (ERM) software is a distinct niche in the field of risk management software, with some unique features…

What’s the Difference: Vendor Risk vs. Third Party Risk vs Supplier Risk Management Software

Recent years have seen a dramatic rise in awareness when it comes to the risk management sphere. In response, software…

The Complete Guide to Integrated Risk Management Software

Risk management software has evolved into an increasingly-important and rapidly-growing component of today’s modern business strategy. Integrated risk management —…

IT Compliance Software: Understanding Its Purpose and Benefits

IT compliance software — also called IT regulatory compliance software — has gained a great deal of popularity in recent…

What Types of Business Need Regulatory Compliance Management Software?

Regulatory compliance management is a key component of a company’s overall risk mitigation strategy. But managing an organization’s many compliance…

What Should I Look for in Compliance Software Vendors?

Compliance software platforms are playing an increasingly important role in companies’ risk management strategies. Recent years have seen a surge…

Using Compliance Management Software to Keep Up With Constant Changes in Compliance Regulations

The regulatory compliance landscape is constantly changing and evolving, with new laws and regulations perpetually being developed. Existing regulations are…

How to Choose the Best Risk Management Software Vendors for Your Business

A well-architected risk management and mitigation strategy will usually fall woefully short of expectations if you lack the right tools.…

How IT Risk Management Software Can Help You Maintain Compliance Through New Changes in Technology

An increasing number of companies — from small startups to major corporations — are taking proactive measures to identify and…

Why Your Enterprise Risk Management Software Should Incorporate Artificial Intelligence

In recent years, the business world has collectively honed its focus on risk management, with more and more companies realizing…

Third-Party Risk Management Software for Financial Institutions

Third-party risk management (TPRM) is a major consideration for financial institutions such as banks and lenders and the reason is…

What is Compliance Risk Management

Compliance risk management has become a central component of today’s modern business strategy. Not only are there an increasing number…

Types of Compliance Risk Part 2

Compliance risk represents a very real concern for companies both large and small. In today’s corporate landscape, risk management is…

Digital Transformation and How it Affects Data Compliance

Digital transformation is probably among the most-heard terms in today’s technology lexicon and for good reason. We are in an…

How to Use Compliance Software to Make Your Business Stronger

Compliance software offers an extremely useful toolset, providing companies with the framework they need to achieve and maintain compliance, whether…

How Risk Management Services Can Help You With Data Governance

  Risk management is a critical component of any good business strategy, especially in today’s technology-centric society, where many risks…

What Are The Different Types of Compliance Risk?

Recent years have seen a dramatic rise in the number of organizations that are focusing on risk management, specifically as…

5 Key Things to Look for in Operational Risk Management Software

Operational risk management is critical for today’s most competitive companies, especially those with particularly unique or complex operations. This risk…

Why Risk Management Software is Critical to Business Growth

In a competitive, fast-paced business world, effective risk management is critical for growth and long-term success. This is true regardless…

GRC Software Pricing – Everything You Need to Know

  As governance, risk management, and compliance (GRC) becomes an increasingly prominent part of many companies’ overall business strategy, more…

GRC Decisions That Are Guaranteed to Backfire

  An increasing number of companies are integrating governance, risk management, and compliance (GRC) principles into their overarching business strategies.…

How GRC Solutions Make Your Business More Profitable

Recent years have seen an increased focus on GRC — governance, risk management, and compliance — outside of the enterprise…

Why Cybersecurity Relies on GRC Best Practices?

Keeping our digital information safe has become a big challenge today. According to a report on cybersecurity, cybercrime could cost us…

When to Start Looking for GRC Companies?

Increasingly, companies of all sizes and in all industries are actively addressing issues of governance, risk management, and compliance (GRC).…

What is GRC Software? – Benefits and How it Works

Governance, risk, and compliance (GRC) management is an increasingly common concern amongst companies of all sizes, particularly at the enterprise…

ESG vs Sustainability

  Recent years have seen a dramatic increase in corporate eco-consciousness — a trend that has been mirrored at virtually…

How to Manage ESG Compliance?

Managing ESG (Environmental, Social, and Governance) compliance has become a priority for companies worldwide. With approximately 90% of investors now…

The Time to Create an ESG Policy is Now

Issues surrounding the climate and global warming are highly politicized in many regions, with everyone from Hollywood starlets to Presidential…

Understanding ESG Governance

In today’s eco-conscious world, sustainability matters. It matters to all stakeholders from employees to clients along with investors and everyone…

Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important

The U.S. Securities and Exchange Commission (SEC) and the Environmental, Social, and Governance (ESG) Division of Enforcement announced that they…

Mandatory ESG Reporting is Around the Corner

Developed by the U.S. Securities and Exchange Commission (SEC), the Environmental, Social, and Governance (ESG) criteria is used to gauge…

What is a Third-Party Risk Management Framework?

Nowadays, businesses are more interconnected than ever, relying on a vast network of third-party vendors and partners to drive efficiency…

Tips for Effective Third-Party Risk Management

  Independent contractors, vendors, and other third-party service providers play a crucial role in today’s business world. In fact, for…

Third-Party Vendor Risk Management for Financial Institutions

Third-party vendor risk management for financial institutions is a key area of concern due to the sensitive and high-risk nature…

Third Party Risk Management Best Practices

Organizations of all sizes and in all sectors can benefit from working with third-party service providers, vendors and contractors. The…

Key Things to Look for in Third-Party Risk Management Software

  Third-party risk management (or TPRM) continues to increase in popularity because more and more organizations are seeking cost-effective ways…

Why is Third-Party Risk Management Important?

Third-party risk management — also known as TPRM — refers to the practice of identifying and mitigating the risks that…

How to Make Third Party Risk Management Painless

  Third party risk management — also known as TPRM — has gained significant popularity in recent years as business…

How to Decide Which Governance Risk and Compliance Tools are Right for Your Business

  Governance risk and compliance (GRC) is a multi-disciplined concept that holds the potential to affect nearly every aspect of…

What to Look for in Governance Risk and Compliance Vendors?

Governance risk and compliance (GRC) can impact virtually every company process and policy. From risk mitigation to ensuring full compliance…

Understanding Enterprise Governance Risk and Compliance

Enterprise governance risk and compliance is — or should — be a major concern for organizations in all business sectors.…

GRC 101: What is a Governance Risk and Compliance Framework?

  Without a doubt, it is a difficult challenge to navigate today's business world. Many different steps and risks are…

Governance, Risk and Compliance 2022 & Beyond

  Risk is everywhere, especially for modern businesses. Now, understanding that there is risk associated with everything is paramount to…

Understanding ESG Risks

ESG (Environmental Social Governance) includes metrics that measure social responsibility, environmental sustainability, governance, and shared values. It is becoming increasingly…

Enterprise risk management technology | What is it?

What is Enterprise risk management? Enterprise risk management (ERM) is the process of planning, organizing, directing, and controlling the activities…

What is IT Governance?

IT governance is a critical aspect of an organization's overall enterprise risk management process. It is a process of establishing…

What is Operational risk management?

Operational risk management (ORM) is a continual recurring process that includes risk assessment, risk decision making, and the implementation of…

Maintaining Vendor Compliance

  The rules organizations must adhere to so they can maintain compliance is often hard for organizations to keep up…

What is a Vendor Management Policy?

Organizations are connected to more vendors now than ever before. In fact, the number of third-party relationships an organization can…

Integrated Risk Management Framework. What is it?

What is Integrated Risk Management? Integrated Risk Management (IRM) is an essential approach in modern business that combines processes, technologies,…

Compliance and risk management. What is the difference between the two? 

  Regulations are increasing across the globe and it’s forcing boards of directors to participate in all matters of the company’s business. This is especially true in the areas…

What is policy management?

What is policy management and why is it important?  Policy Management refers to the creation, communication, and management of all…

What is an IT Governance Framework?

What is a governance framework?  A governance framework is essential for modern governance and legal operations; it directs how people…

What is Regulatory Compliance in HealthCare

Regulatory compliance in healthcare involves a broad range of practices. However, patient safety, the privacy of patient information, and government reimbursement for healthcare expenditures make up the…

Understanding the vendor risk management matrix

What is vendor risk management? Vendor risk management (VRM), or third-party risk management, is the management, monitoring, and evaluation of…

What is regulatory compliance in banking?  

Regulatory compliance in banking deals with banks and how they must adhere to all local laws and regulations wherever they…

What is an Issue Management Process?

There is an easy, fast, and painless way to address issues as they arise. It is also known as an…

GRC vs IRM 

What is GRC   GRC (governance, risk, and compliance) is an organizational strategy for managing governance, risk management, and compliance with industry and…

Principles of Risk Management

There are core principles of risk management that regardless of the type of risk, are at the forefront of risk…

Enterprise Risk Management Framework, What is it?

  Enterprise risk management (ERM) frameworks are types of risk management frameworks that relay crucial risk management principles. You can…

What is a Risk Management Framework?

Risk Management Framework, in simple terms, provides a balance between taking risks and reducing them while achieving business objectives.  NIST Definition of Risk…

Third-Party Risk Assessment – What is It?

In today's modern world, businesses rely increasingly on third-party vendors and partners. This collaboration brings incredible benefits but has a…

Third-Party Risk Management – What is It? 

Third-party risk management (TPRM) is a type of risk management that deals with identifying and minimizing risks in relation to using third parties. TPRM can also…

What are iTech Preconfigured Solutions (iPS)?

Why were iTech Preconfigured Solutions (iPS) developed? Issue management can be daunting for organizations. This is why issue management solutions…

How Solid Issue Management Can Help Your Team

There are many ways to handle risks, what remains constant is the importance of having a plan for dealing with…

What is Regulatory Compliance Management Software?

Today's compliance managers need powerful and effective Regulatory Compliance management software in a business environment defined by sustained market volatility…

Why You Need a Business Continuity Management System 

Start using a business continuity management system today to prepare your enterprise for business continuity and protect employees in the…

What is Data Privacy Management Software? 

Before we learn about data privacy management software we have to understand what Data Privacy is. Data Privacy or Information…

IBM OpenPages Has The Best User Interface  

OpenPages Is A Risk Market Technology Awards Winner  ITech is excited to announce that OpenPages has once again found its name being…