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What is GRC? The rising importance of governance, risk, and compliance

CIO

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Stanley also notes that “technology advances, like AI, IoT and cloud computing, have also introduced compliance challenges and new cybersecurity threats.”

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Anecdotes lands $25M to expand its governance, risk management and compliance business

TechCrunch

Governance, risk management and compliance — GRC for short — remains one of the most active startup areas in terms of VC investments. According to Tracxn, the private market data tracker, the roughly 1,500 vendors selling GRC software had received $28.7 billion in funding as of 2021.

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The Importance of Security and Compliance in Enterprise Applications

OTS Solutions

Enterprise applications have become an integral part of modern businesses, helping them simplify operations, manage data, and streamline communication. However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important.

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Optimizing PCI compliance in financial institutions

CIO

However, managing PCI security compliance across various lines of business within these institutions can be a complex and resource-intensive task. The CCA allows overarching enterprise functions and IT shared services to be assessed separately from the business unit’s products/applications that require PCI security compliance.

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IDC Analyst Report: The Open Source Blind Spot Putting Businesses at Risk

As enterprises grow the use of open-source software, they face a new challenge: understanding the scope of open-source software that's being used throughout the organization and the corresponding exposure. Most organizations are unaware of just how much open-source code is used and underestimate their dependency on it.

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Why CIOs back API governance to avoid tech sprawl

CIO

But APIs do more than support next-generation technologies — they already serve a foundational purpose within most enterprises. As such, he views API governance as the lever by which this value is assessed and refined. He also points to microservices and low-code/no-code platforms, which often leverage APIs as communication gateways.

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Democratizing good privacy and compliance practices

TechCrunch

Just because you’re a startup doesn’t mean you can be careless with the data you’re handling, but enterprise-grade compliance and privacy used to be prohibitively expensive for small teams. However, meeting governance, risk and compliance (GRC) standards and proving that you’ve done so used to be very expensive.