Each year, we ask over 1,000 IT and GRC professionals about their priorities for the coming year and operational aspects, like changes to budgets, staffing, challenges, and much more. What we found was this: in the rapidly evolving landscape of governance, risk, and compliance (GRC), siloed approaches are becoming increasingly obsolete.
Our fifth annual IT Risk and Compliance Benchmark report revealed a significant industry shift towards unifying risk and compliance management, reflecting a growing realization among GRC professionals that operationalizing risk and compliance together results in greater security and efficiency. Let’s discuss key findings from this part of the survey and what this means for your GRC operations.
The trend toward unification
Threats to data security and regulatory compliance are constantly evolving in our interconnected world, and the need for a unified approach to risk and compliance management has never been more pressing. Our survey results indicated a clear trend toward breaking down data silos between risk management and compliance operations. Only 19% of respondents now manage IT risks in siloed departments, processes, or tools, a notable decrease…
