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Your GRC Journey in Five Important Steps

  • Your GRC Journey in Five Important Steps-

    It’s also important to understand and assess key IT and security process maturity against the desired future state in order to realistically distinguish between aspiration and what is actually practical in terms of short and medium-term executable goals. Providing a gap analysis to strategic initiatives and defining the various steps required to achieve the desired target state is critical. For example, short-term goals may include automating risk assessments using a common risk and control framework, integrating the results of continuous controls monitoring for threats and vulnerabilities into risk assessments, or supporting a common workflow for the remediation of issues.

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Your GRC Journey in Five Important Steps

  • 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
  • Your GRC Journey in Five Important Steps-4

    It’s also important to understand and assess key IT and security process maturity against the desired future state in order to realistically distinguish between aspiration and what is actually practical in terms of short and medium-term executable goals. Providing a gap analysis to strategic initiatives and defining the various steps required to achieve the desired target state is critical. For example, short-term goals may include automating risk assessments using a common risk and control framework, integrating the results of continuous controls monitoring for threats and vulnerabilities into risk assessments, or supporting a common workflow for the remediation of issues.

Governance, risk, and compliance (GRC) as a means to reduce process redundancy, deliver risk intelligence, and improve business performance has captured the attention of leadership teams across the enterprise. GRC is also now embracing IT and security teams, often catching them unprepared to champion their unique requirements.

So, what’s the impact of GRC in terms of how we manage IT and security programs? The impact can be significant according to Yo Delmar, vice president of GRC Solutions, MetricStream; a GRC program can bring great benefits, or major woes, if not approached with the right goals clearly in sight. IT and security teams need to be actively engaged at the table, collaboratively shaping the GRC program scope in order to create real value.