Security News > 2021 > August > Risky business: Steps for building an effective GRC program

An effective GRC program must be more than focused on security, it also needs to meet privacy, business, and IT requirements.

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 framework then becomes the blueprint for building a GRC program to manage risks and reduce vulnerabilities.

Risk is at the center of GRC. An effective GRC program starts with defining the risk appetite, which identifies the most impactful risks an organization faces and develops ways to reduce that risk to a acceptable level.

As noted, the purpose of a GRC program is to manage enterprise risk and compliance while helping the business achieve its goals.

Being prepared for the unexpected through a GRC program can reduce the impact of business disruptions caused by cyber-attacks, through integrating business continuity, cybersecurity, and organization resilience.

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