In terms of monitoring compliance with legislation

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Often this work is not automated, uncontrolled and is carried out on a residual basis. Many companies do not have a single automated risk management reporting platform.

From a corporate risk perspective, incident and threat management processes are characterized by low efficiency, high costs, and significant losses. Due to the lack of reliable risk information, this leads to difficulties in making management decisions, non-compliance with contractual obligations, missed project deadlines, and penalties.

, pressure from regulatory authorities is increasing, and there is a high rate of change in regulations.

In terms of IT/IS risks, technological processes are senegal whatsapp data more complex. For example, in APCS class systems. A failure in the operation of such processes and systems can have an extremely negative impact on the business and reputation of the company.

Thus, the main drivers for purchasing a GRC solution are:

violations of business processes within the company, as well as illegal and fraudulent actions of both external and internal attackers aimed at stealing information, money and damaging the company's reputation;
penalties from regulators, claims, lawsuits;
complex technological processes and business application bundles, as well as technological failures that occur as a result of IT and information security incidents and increased cyber attacks.
Who needs GRC
The most likely clients of GRC solutions include large organizations, both private and public, from various industries (financial institutions, telecommunications, retail, heavy industry, oil and gas, etc.).

The customer within the company may be the financial management, non-financial/operational risk services, internal control or audit, as well as corporate and information security departments. The person most interested in asset protection is the company shareholder.

There should be at least several departments in the company interested in implementing GRC, since there is a high probability of resistance from representatives of other departments for various reasons. For example, in controversial situations regarding the distribution of functions and responsibilities between the IT and IS services.