Glossary
General Terms
GRC
GRC is an acronym for governance, risk, and compliance. It refers to the strategy undertaken by a company for managing the overall governance, enterprise risk management, and regulations compliance.
The process of investing in governance, risk, and compliance can yield innumerable benefits for your organization, including more efficient and faster risk analysis, better decision making, consistent communications, and more robust risk mitigation across the entire company.
Implementing and using a GRC tool will allow you to create and coordinate policies and security controls and subsequently monitor them, resulting in efficiencies across all your compliance efforts.
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