Loading...
Please wait, while we are loading the content...
Similar Documents
S I T U a T I O N O V E R V I E W
| Content Provider | Semantic Scholar |
|---|---|
| Author | Tero, Vivian |
| Abstract | Businesses today operate in complex and highly dynamic global environments. Successful execution of business strategies requires an ability to effectively balance revenue generation and operational efficiency objectives with risk management and compliance obligations. This IDC White Paper discusses the top 10 governance, risk, and compliance (GRC) challenges that organizations are facing and the technology-enabled solutions they are employing to effectively execute GRC objectives. A typical enterprise encounters several of these challenges at any one time. It thus makes sense for enterprises embarking on or in the middle of a GRC journey to consider an integrated, holistic, and programmatic approach. This approach supports enterprise transparency on the critical dependencies and accountabilities across business operations and siloed GRC programs. It also allows for better leverage and optimization of enterprise assets and investments. This document complements CIO Strategies for Aligning GRC with Business Priorities, an IDC white paper published in August 2012 that discusses the practical strategies CIOs used to gain organizational buy-in, establish governance programs that are aligned with business imperatives, and embed risk and compliance awareness into the fabric of the business. In 2007, close to 90% of the organizations IDC surveyed had obligations to comply with at least three compliance programs. Five years later and despite efforts to adopt standards and automate processes, organizational and technical issues continue to stymie actions to address costs, eliminate compliance conflicts and gaps, and prioritize remediation activities. High-profile violations and data breaches are stark reminders that organizations remain susceptible even after passing recent audits, leading some to become dismissive and cynical about GRC. Compliance and security challenges are like the mythical Hydra; just when businesses think they have tackled a compliance or security challenge, another one appears to take its place. Businesses continue to grumble about the ongoing costs and risks associated with siloed compliance programs. In the meantime, new developments add to existing governance, risk, and compliance challenges: |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.rsa.com/content/dam/rsa/PDF/h11523-idc-case-for-grc-addressing-top-10-challenges.pdf |
| Alternate Webpage(s) | http://www.emc.com/collateral/analyst-reports/h11523-idc-case-for-grc-addressing-top-10-challenges.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
