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.

Comments

The 6 essential methods of data protection solutions

Data protection solutions Every year January 28 is celebrated as 'Data Privacy Day' as a reminder to safeguard our personal information, as the boundaries between our offline and online lives are becoming increasingly distorted. Consumers today want to interact with businesses that are more transparent about their cybersecurity policies, especially their transparency on measures to uphold data privacy andprotection . In light of recent events, this blog attempts to spread awareness of the 6 most important methods of data protection for businesses: Risk assessment : The more sensitive the data, the more closely it should be guarded and the greater the technology investment. Businesses can assess the risk profile of their critical data and segregate it into high-risk and low-risk accordingly. This would enable efficient data processing based on two axes - breach probability and potential severity. A data protection officer can help a great deal in this regard. Encryption : Do...

Best 8 IAM tools to choose from

Identity and Access Management (IAM) tools are used to manage access rights of a corporation’s employees and customers. When a connection attempt is made, IAM tools handle four main aspects. These are access, permission, roles, and tracking. These tools come with several functionalities and security features. Here are listed the best IAM tools that you can choose from. Microsoft Azure Active Directory: This integrates well with existing access control systems and can easily be implemented on most networks. This IAM tool is from the makers of the most used operating system platform in the world. Oracle Identity Cloud Service: This cloud IAM comes with advanced features. This tool is from another major technology company that knows the importance of securing the products and the data on it. Oracle specializes in database software and middleware. IBM Security Identity and Access Assurance: This IAM tool too is from one of the largest technology companies. This is another major IAM tool...

A Comprehensive Guide to Understanding Identity Governance and Administration (IGA)

Welcome to the realm where data protection reigns supreme! Safeguarding sensitive information has become an absolute necessity in today’s time, as cyber threats lurk around every virtual corner. Don’t worry, we have the secret to help strengthen your organization's security. It’s called Identity Governance and Administration (IGA), the all-encompassing solution to managing user identities and access rights. But where and how do you begin? Well, we present to you the definitive guide to securing your organization's precious data. In this guide, we’ll tell you what exactly IGA is, its importance, and how you can implement the same in your business. What is IGA? Identity Governance and Administration (IGA) is a framework that allows organizations to maintain digital identities and access rights enjoyed by their employees. With this framework, you can ensure that only authorized individuals have access to sensitive and confidential information about your organization. To...

Cyber Security

Search This Blog