Governance, Risk, and Compliance (GRC) is a holistic method for managing information security risks. It aligns corporate governance, risk management, and regulatory compliance with IT and business goals.
Governance
Governance involves creating and managing policies, procedures, and controls to ensure responsible and effective use of information technology. IT governance includes various activities such as:
- Strategy and business alignment
- Security policies and standards
- Risk management and control frameworks
- Resource management
- Roles and responsibilities
- Data ownership, sharing, and data privacy
- Conflict management
- Metrics and reporting
- IT, operational technology (OT), and Internet of Things (IoT) convergence
- Collaborative information security (infosec)
- Tool and vendor consolidation
- Evaluating control effectiveness
- Security roadmap maintenance
Risk
Compliance
Governance activities involve establishing policies, procedures, and controls to direct an organization. Compliance refers to adhering to the laws, regulations, and standards that apply to its industry, operations, and information systems. Compliance activities are designed to ensure the organization meets these requirements and avoids legal or financial consequences.
In the context of Governance, Risk, and Compliance (GRC), ‘risk’ denotes the likelihood of harm or loss stemming from a cybersecurity incident. Activities related to risk encompass the identification, assessment, prioritization, and mitigation of cyber risks, with the objective of enhancing the resilience of an organization’s information systems.
Some governance activities do overlap with what is defined as risk and compliance. These are interconnected components of an effective cybersecurity program, which is why they are collectively referred to as the practice of GRC.
Our GRC Consulting Services
We optimize GRC throughout your organization, ensuring policies align with strategic objectives and regulatory requirements.
Our GRC consultants identify gaps and implement a tailored GRC framework, focusing on careful selection, structuring, adaptation, and smooth integration with your current systems.
We promote an integrated risk management culture through targeted training and change management, based on industry-standard security practices.
We will conduct a comprehensive assessment of your organization’s GRC maturity, examining current practices, processes, and risk management strategies.
Concurrently, we will evaluate any existing GRC tools in use, analyzing their effectiveness and utilization.
This dual approach enables us to identify areas for improvement and optimization.
We will then provide a targeted roadmap to build or enhance your GRC framework, maximize tool efficiency, and align your GRC policies with industry best practices and your strategic objectives.
Our methodology is customised to meet your requirements, whether identified through a GRC Maturity Assessment or specified as particular use cases.
We will provide guidance through the entire process, from planning to implementation, making the necessary changes to facilitate success.
Our GRC consultants are dedicated to assisting you in overcoming challenges and optimizing resources to develop a comprehensive, integrated risk management program that aligns with your organizational objectives.
Conducting Cyber Risk Assessments utilizing industry-recognized frameworks such as NIST CSF, ISO 27001, and CIS Controls.
GRC advisory experts perform detailed assessments of your systems, processes, and infrastructure, mapping them with these standards.
We identify gaps, evaluate compliance levels, and deliver comprehensive reports that include risk assessments and prioritized recommendations.
Our framework-aligned assessments facilitate compliance with regulatory requirements while enhancing your overall security posture efficiently.
If your organization requires a GRC solution, we can streamline the selection process.
Our team will conduct a comprehensive evaluation of tools and vendors, assessing them based on your specific requirements.
We will take into account functionality, scalability, integration capabilities, and cost-effectiveness to identify the most suitable GRC tool for your needs.
Our expertise ensures that you make an informed decision that aligns with your unique requirements and long-term goals.