ISACA NOW BLOG
Author: Avani Desai, President at Schellman & Company, LLC
Date Published: 5 May 2021
In a world brimming with more smart devices than people and with a growing percentage of us tethered to the internet, GRC has become far more than an acronym buzzword. GRC systems target a fusion of three elements that should harmoniously exist in business: Governance (the way an organization is controlled and directed), Risk (possible hazards or losses the organization faces), and Compliance (the measurement and implementation of controls to ensure an organization is following set standards). When harnessed strategically, GRC helps businesses effectively align IT activities to their organization’s goals while managing risk and meeting compliance regulations.