Rethinking GRC Strategies for SMBs
Small and medium-sized Businesses (SMBs) realize that Governance, Risk and
Compliance strategies need to be robust to stand the risks of the future.
While these
enterprises are now dedicating resources and time to get...
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Rethinking GRC Strategies for SMBs
Small and medium-sized Businesses (SMBs) realize that Governance, Risk and
Compliance strategies need to be robust to stand the risks of the future.
While these
enterprises are now dedicating resources and time to get their strategies to be effective,
it is important for them to understand that only if they have a unified GRC approach will
they be assured of true benefits in the long run.
In general, most enterprises approach GRC based on 4 crucial components:
1.
Scale of the enterprise
2.
Systems that the enterprise relies on
3.
Geographies of the enterprise
4.
Policies and procedures of the enterprise
Such fragmented approach could be problematic, as GRC plans would end up in
duplication of processes and also higher costs.
Therefore, the key to an efficient
governance, risk and compliance strategy for SMBs is to adopt an integrated and unified
approach to security.
Governance, risk and compliance strategies cannot be seen in isolation.
Thes
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