Recent years have seen an increased focus on GRC — governance, risk management, and compliance — outside of the enterprise arena. Small businesses and midsize companies are also beginning to integrate GRC frameworks as part of their overall business plan. The reason: when implemented properly, GRC principles hold the potential to increase profits and reduce… Continue reading How GRC Solutions Make Your Business More Profitable
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Category: Sub Industry
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 a mind-boggling $9.5 trillion by 2024, soaring even higher to over $10.5 trillion in 2025. Source: ITGovernance The exact number of daily cyberattacks is hard to determine, as not all incidents are reported. It is… Continue reading Why Cybersecurity Relies on GRC Best Practices?
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). With a company’s reputation in the balance and potentially-hefty fines and penalties at stake, it should come as no surprise that business leaders are paying greater attention to these important issues. GRC can impact virtually… Continue reading When to Start Looking for GRC Companies?
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 level where monitoring and compliance-related actions tend to be the most aggressive. Publicly-traded companies, in particular, experience a tremendous burden when it comes to meeting the various compliance and risk standards for their industry or… Continue reading What is GRC Software? – Benefits and How it Works
ESG vs Sustainability
Recent years have seen a dramatic increase in corporate eco-consciousness — a trend that has been mirrored at virtually every level of society as well. The data supports this idea too. According to an October 2021 study, 69% of respondents said they were actively doing everything within their control to minimize their carbon footprint.… Continue reading ESG vs Sustainability
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 candidates taking up firm positions on the topic. But no matter where your personal beliefs surrounding these controversial issues happen to fall, one thing is clear: issues related to the environment and sustainability are an… Continue reading The Time to Create an ESG Policy is Now
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 else in between. In fact, recent years have seen a distinct movement toward sustainable investments. This, in turn, prompted the U.S. Securities and Exchange Commission (SEC) to develop the Environmental, Social, and Governance (ESG) criteria… Continue reading Understanding ESG Governance
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 would be creating a 22-person task force composed of members from the federal organization’s regional offices, headquarters and “specialized units.” The task force’s objective is to monitor climate- and ESG-related issues and companies’ compliance with… Continue reading Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important
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 a company’s sustainability and conduct risks. The data points that determine an organization’s sustainability are then documented in reports that are now considered mandatory. ESG reporting isn’t necessarily new, however, making these reports mandatory is!… Continue reading Mandatory ESG Reporting is Around the Corner
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 and innovation. While these partnerships offer numerous benefits, they expose organizations to many risks, including data breaches, regulatory violations, and reputational damage. These risks are why companies should ensure they have a solid third-party risk… Continue reading What is a Third-Party Risk Management Framework?