Unsecured, hard to maintain, and prone to error, spreadsheets discourage collaboration and create data silos. Every business has them, and while they may not have been an issue historically, in today’s demand-driven and fast-moving [...]
The EU AI Act has been unanimously approved by member states and in general will be fully applicable in two years. This groundbreaking legislation is the first globally to establish rules for artificial intelligence and [...]
We constantly hear the term “integrated GRC”. But how can companies actually go about integrating the different aspects of governance, risk, and compliance and what are the benefits? In this blog we explore all [...]
Several years ago, BT set out to upgrade its system for managing risks and controls with a cohesive approach that would improve visibility across the organization and provide credible, timely data to the senior leadership [...]
Why do some businesses crumble under the weight of unexpected challenges while others emerge stronger? The answer often lies in fragility. A fragile risk process makes your business susceptible to severe consequences — including financial [...]
Banking compliance professionals continue to confront myriad regulatory requirements around the globe, as well as internally driven demands. And this frenzy of activity is not expected to slow down anytime soon. Banking compliance is essential [...]
The U.S. Securities and Exchange Commission recently finalized rules on cybersecurity incident disclosures and risk management. While these rules apply directly to public companies, any company – public or private – doing business with a [...]
AI like ChatGPT can extend the reach of GRC by making tasks easier and faster. Here’s what you need to know about integrating AI into GRC.
We seem to be living in a golden age of software. Applications have rendered almost every business function a more-efficient one, more consistent in following best practices, and more capable of producing data-rich reporting [...]
A risk assessment is an evaluation of potential risks and their likelihood of occurrence. These assessments quantify the possible impact on people, property, and operations. They also make sure your controls and mitigations are effectively [...]
When it comes to governance, risk, and compliance processes, having the right data to monitor risk and detect threats, vulnerabilities, and regulatory changes is essential. But often data is held in a variety of [...]
These days, risk managers may find that keeping up with new insurance regulations is a critical part of the job. Recent changes to state or federal insurance rules have impacted almost all companies. Some [...]
