Organizations across the board are facing governance, risk, and compliance (GRC)-related challenges. This is due to an over-management of GRC programs and the deployment and misconfigurations of GRC technologies. To ensure organizations are prepared to weather the storm of regulations on the horizon, they need to build a GRC program that is compliant by design. An effective GRC program must be more than focused on security, it also needs to meet privacy, business, and IT requirements.
If you’re looking to increase the effectiveness of a GRC program, the following four steps will help you build a blueprint for a successful approach that reduces risk and meets organizational objectives.
Understand the situation
Every GRC program should be tailored to the needs and frameworks of the organization, whether they seek most to comply with industry and privacy regulations or to reduce corporate risk to protect customer data or infrastructure.
The first step is to select an appropriate information security framework to follow, such as NIST CSF, FFIEC CAT, ISO 27001, PCI DSS, HITRUST, and others. This framework is then used to define the structure of policies and procedures…
