Digital GRC

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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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]Organizations across the world, both big and small are increasingly aware of the importance of an enterprise-wide approach to risk, regulatory compliance and internal control management. A modern GRC solution should align an integrated GRC framework to strategic business objectives, make organizations more resilient, enable them to achieve targets, address uncertainties, and respond with integrity without disturbing regular business activities. A lot has been said and written about GRC platforms and the various modules - risk, compliance and...

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June 2, 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]Establishing a comprehensive risk and control framework. “The Three Lines of Defense model in enterprise , Governance Risk and Compliance (GRC) sometimes referred to as '3LOD', is a framework designed to structure the GRC process. It was developed by the Federation of European Risk Management Associations (FERMA) and the European Confederation of Institutes of Internal Auditing (ECIIA) in 2008-10 and has since been adopted as a best practice framework for GRC. “ Being in Control For decades, organizations across the...

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June 2, 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]GRC: the business case beyond the buzz It’s been stated often enough, and, is getting increasingly relevant; In today's rapidly evolving business environment, it is essential for organizations to manage risks and ensure compliance with regulatory requirements. Enterprise governance risk and compliance (eGRC) solutions can provide a comprehensive framework for achieving these goals. Let us explore the tip of a looming iceberg, with a business case for GRC, using insights from leading research firms like Forrester and Gartner,...

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