Risk & Compliance Roundup: GRC vs. ERM vs. IRM, Cybersecurity Assessment
- May 24, 2024
- Quantivate
Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.
This edition covers topics including:
- Comparing risk management frameworks
- Cybersecurity assessment tools
- Auditing basics & best practices
New from the Nsight Blog
GRC vs. ERM vs. IRM: Understanding Risk Management Frameworks
Don’t get bogged down in the alphabet soup of risk management frameworks. Explore the differences between governance, risk, and compliance management (GRC); enterprise risk management (ERM); and integrated risk management (IRM) — including recommendations on choosing the ideal approach for your institution’s size, complexity, and growth goals.
Does the FFIEC CAT/ACET Tool Still Matter for Financial Institutions?
Despite speculation after NIST’s cybersecurity framework update, the FFIEC’s Cybersecurity Assessment Tool (CAT) isn’t going anywhere. Learn why the CAT, along with its credit union counterpart, NCUA’s Automated Cybersecurity Evaluation Toolbox (ACET), remains the standard for assessing your institution’s cyber preparedness. Discover how to leverage CAT/ACET effectively, while considering complementary frameworks to elevate the maturity of your cybersecurity program.
Top Picks from the Archive: Internal Audit
Discover some of our most popular articles on audit concepts and program components.
Internal Audit 101: Audits vs. Compliance Reviews
What are the differences between internal or external audits and compliance reviews? Gain clarity on their distinct purposes, standards, and objectivity requirements, including when each approach is appropriate and why you get what you pay for when it comes to hiring a third-party auditor or investing in internal audit resources.
5 Must-Have Elements of an Effective Audit Program
Are you confident your internal audit function has what it takes to be an effective third line of defense? Explore five critical elements every audit program needs to safeguard your institution and support compliance.