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The Next Generation of IT Compliance and Business Risk Management
Abstract
Concerns towards effective information governance and risk management strengthen from the increasing trend in cyber-security and data breaches, the average cost per breach being US$202. As per a recent survey in 2009, Corporations lost $1 trillion worldwide as a result of data loss, both malicious and accidental. The impact of the breach leaves no segment untouched – retail, technology firms, medical industry and even the defense!
An innovative tool, IT GRC management software, has emerged to address some of these problems. The “G” in GRC – governance – connects security management practices with enterprise wide governance and overall risk that goes beyond information technology. However the IT-GRC tools are not integrated with the security monitoring tools in the enterprise leading to disparate views assessment of the enterprise risk, leading to risk and liability exposure which can lead to catastrophic results.
The next generation solution needs to integrate and automate GRC tool needs to combine compliance workflow with control assessment automation and security monitoring. SecureGRC from eGestalt Technologies, is a comprehensive solution covering enterprise security, governance, risk management, audit, and compliance needs through a unified solution offering delivered via Software as a service.
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