Steven Minsky's Blog – January 2016 Archive (3)

Advice for Risk Managers: Treat Compliance Like a Risk, Not a Checklist

Many companies share some problematic habits when it comes to compliance. The worst of them is treating compliance like a checklist. In other words, thinking, “If we meet these specific compliance requirements, our company should run efficiently and securely.” While this is a simplified outlook, the point remains the same. Being compliant guarantees neither efficiency nor security,…

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Added by Steven Minsky on January 19, 2016 at 9:30pm — No Comments

How to Build a Business Case for GRC Software

The role of today’s risk managers is clear: to close the gap between strategic-level initiatives and the operational risks faced at the activity level.

To do this, many organizations are adopting risk-based GRC programs – both at the request of senior management and to meet the expectations of regulators. A large number of these programs rely on spreadsheets and shared drives to manage information collected across departments and levels. But today’s GRC software solutions are proven…

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Added by Steven Minsky on January 15, 2016 at 5:30pm — No Comments

What's Changing in the Approach to IT GRC?

Increasing cyber-hazards have been accompanied by another trend; Governance, Risk Management, and Compliance (GRC) focused on IT (referred to as IT GRC) is changing. More and more organizations have been turning to a risk-based approach.

Traditionally, IT is comprised of a variety of underlying functions. These functions include:

  • IT Asset Management, commonly used to inventory servers,…
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Added by Steven Minsky on January 4, 2016 at 3:30pm — No Comments

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