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Digital GRC

September 18, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]As businesses grow and extend their operations, they are subject to large volumes of regulations that often become intricate due to overlapping jurisdictions from multiple authorities. Implementing appropriate measures, policies, and processes to manage their legal and mandatory adherence helps them stay secure and compliant. Are you regulatory-ready? Regulatory compliance refers to businesses adhering to relevant local, domestic, Government, international and industrial laws or regulations that pertain to their operations, and governs all their activities, people, processes, and customer interactions. And...

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July 14, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]Change is the only constant. One of the most challenging aspects of running a business is dealing with change. Whether it’s a change in the economy, a never-ending flow of changes to laws and regulations, a mutating virus upsetting the economic balance, climate change, new technology, geopolitics, social media, or changing customer preferences, businesses need to constantly adapt to stay relevant. Failing to fully appreciate the impact of these changes on everyday operations presents real compliance risks. Change management and compliance Managing change,...

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July 13, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]Robust Enterprise Risk Management – for business success and resilience Robust risk management is an essential practice for individuals, organizations, and businesses of all sizes. It involves identifying, assessing, and addressing potential risks that could negatively impact the desired outcomes. All enterprises want to stay in business and out of trouble. Steps Involved in Robust Risk Management Step 1: Identify the Risks The first step in risk management is to identify the potential risks. This requires a comprehensive analysis of the project or...

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June 27, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]In 2016, Wells Fargo was fined $185 million for opening unauthorized bank accounts for its customers. The bank failed to track and resolve issues related to its sales practices, leading to a significant financial and reputational loss. In 2014 General Motors was caught in the grip of a strategic failure that materialized from a seemingly “low probability” event, where it was forced to recall 3.1 million vehicles. A study by Ponemon Institute (a pre-eminent research center dedicated to privacy, data protection,...

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June 27, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no" el_class="en-blog-cnt"][vc_column][vc_row_inner full_screen_section_height="no"][vc_column_inner][vc_empty_space][vc_column_text] ESG regulation is becoming more detailed and comprehensive in many countries. Regulators are now expecting auditable proof of compliance from enterprises as well. It is important for companies to understand that ESG is not merely about doing the right thing but is also important from the perspective of long-term sustainability and return on investment. The extra administration, complexity and need for an audit trail is prompting more companies to consider a software solution to handle their ESG compliance...

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June 16, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no" el_class="en-blog-cnt"][vc_column][vc_row_inner full_screen_section_height="no"][vc_column_inner][vc_empty_space][vc_column_text]Risk for an enterprise is anything that could cause damage or loss to the business or make achieving strategic objectives more difficult. What is considered risk varies from one entity to another. Risk can be internal, such as faulty processes, or external, such as a change in the competitive environment.   Enterprise Risk Management (ERM) is a framework for managing risk so that a business can successfully achieve its objectives. Every enterprise should decide what it perceives as a...

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