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How enterprises can gain a competitive advantage with GRC security

 

Organizations today are leaning towards GRC, which enables them to mitigate threats, maintain compliance and facilitate business/customer legalities. Furthermore, the boom in industry 4.0 technologies, such as AI, IoT, ML, etc., has opened new avenues of business opportunities and newly emerging cyber risks, which have become the primary driving force behind the increased industry-wide adoption of GRC. 

Many organizations seek GRC Security for effective risk management and to gain a competitive advantage in a landscape of growing uncertainty. Many lack visibility in this complex network of increasingly connected processes, operational velocity, and volume of risks. Recent studies siloed risk and compliance management as the greatest barrier, according to 33% of organizations. Almost 70% of organizations demand more integrated processes and technologies to ensure GRC Strategies perform well under stress.

While challenges organizations today face include broken processes, isolated data, and insufficient insights, other inevitable barriers like the pace and complexity of risks, rapid increase in regulatory requirements, and constant market disruptions also necessitate the implementation of GRC. The factors driving GRC Security implementations are as follows:

●     Avoiding penalties for legal violations

●     Monitoring and tracking third-party compliance

●     Gaining enterprise-wide visibility into operations and assets

●     Eliminating gaps and vulnerabilities

●     Improving data privacy and protection standards to meet customer expectations and regulatory requirements

Cybalt is a leading cybersecurity agency in the US, which helps companies streamline tasks, measure and monitor compliance, collect audit-trail evidence, and improve compliance with security frameworks including NIST, SOC, ISO, PCI DSS, HIPAA, and more. It also enables them efficiently communicate with key stakeholders and make informed business decisions. Explore various innovative solutions that help you assess, manage, and communicate risks and their potential business impact while keeping your operations at the front and center. Keep your organization safe from hackers through stringent regulations and standards and enhance your reputation with Cybalt. 


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