Third party risk management — also known as TPRM — has gained significant popularity in recent years as business leaders become increasingly comfortable with outsourcing various functions within their companies. But not every experience with a third party service provider is going to go smoothly and there is an inherent risk associated with pulling… Continue reading How to Make Third Party Risk Management Painless
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Category: IRM services
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 a company’s operations. This includes compliance and regulatory matters, enterprise risk management, along with policies and procedures. A robust, well-thought-out GRC strategy is essential for success in today’s ever-evolving business world. But regardless of how… Continue reading How to Decide Which Governance Risk and Compliance Tools are Right for Your Business
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 with laws and regulations, GRC is a complex discipline to be certain. With a company’s reputation and millions of dollars at stake for just a single fine, governance risk and compliance is not something that… Continue reading What to Look for in Governance Risk and Compliance Vendors?
Understanding Enterprise Governance Risk and Compliance
Enterprise governance risk and compliance is — or should — be a major concern for organizations in all business sectors. Forbes called the 2021 jump in cybercrime “alarming,” with data breaches surpassing the prior year’s figure by October 2021. Meanwhile, The Insurance Journal reported that cybercriminals took in over $1.3 billion in “ransoms,” with 2021’s… Continue reading Understanding Enterprise Governance Risk and Compliance
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 associated with even the most basic pursuits. Never mind, trying to expand. What was once commonplace for businesses: achieving goals, sustaining performance, and increasing resiliency are now arduous, with issues arising at every turn. A… Continue reading GRC 101: What is a Governance Risk and Compliance Framework?
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 risk management. Everything from the core of your business to what your employees do outside of work constantly gets scrutinized. Thus, more often than not, business owners find themselves mitigating risks instead of acting in… Continue reading Governance, Risk and Compliance 2022 & Beyond
Understanding ESG Risks
ESG (Environmental Social Governance) includes metrics that measure social responsibility, environmental sustainability, governance, and shared values. It is becoming increasingly important to businesses, with more than 500 firms now routinely reporting ESG data. Investors, employees, and customers are demanding more transparency from companies to assess their sustainability credentials. ESG risk management is becoming a must-have… Continue reading Understanding ESG Risks
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 of an organization to minimize the harmful effects of risk on its revenue as well as reputation. Enterprise risk management includes financial risks, strategic risks, operational risks, and risks associated with accidental losses. ERM can… Continue reading Enterprise risk management technology | What is it?
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 IT policies that determine the proper use of IT assets, and it forces an organization to think about the role of IT in its business. Through IT governance, an organization can identify and measure its… Continue reading What is IT Governance?
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 risk controls, resulting in the acceptance, mitigation, or avoidance of risk. (ORM) is a way to get a holistic view of a company’s risk footprint throughout the supply chain—and everyone across the organization has a… Continue reading What is Operational risk management?