1: Define what matters. Protecting data? Complying with specific government legislation? Keeping insurance costs low or reducing the amount of time spent doing admin work?
2: Identify your risks. It might help to borrow an extra pair of eyes to review your security. Find out how easy – or not – it is to breach your current processes and systems.
3: Design a plan. Put together a plan that brings together the people who interact with security on different levels (e.g., lines of business, HR, finance, physical security, legal, business continuity, IT and of course information security), so that it covers every aspect of your business. Ensure this plan follows the key legislations so that you are fully compliant.
4: Start small, focusing on key processes. Creating a GRC roadmap isn’t easy. It does take time. Implementing a complex project can cause organizational fatigue, strain operations, and resources. Starting small and securing a comfortable win is a great way to motivate your team. The essential starting processes includes policy framework, controls framework (begin with an industry-standard such as ISO27001 or NIST 800-53), risk management, exceptions management, and asset management. Building on these wins at different stages shall provide the building blocks for a complete rollout of an automated GRC system.
5: Create a system for continuous monitoring. GRC automation should move your organization towards a proactive approach, instead of relying on reactive models. A threat only remains a threat when it can be detected. Once a breach has happened, you are playing damage control. Constant automated vigilance is a lower price to pay than fines, damaged reputation, and lost customers.
We help organizations deploy GRC technology to automate the management of their GRC program and provide a centralized view of risks and threats to help mitigate them. We have established a strategic partnership with leading security governance organizations as an enhancement of our service offerings.
With an experienced team, we have unique capabilities that help clients map their GRC automation efforts to their business needs. We enable clients to ascertain that their risks are adequately managed, build confidence in business decisions, and improve productivity while meeting regulatory requirements.