When organizations are victims of a cyberattack, the consequences extend beyond a data breach or business disruption. Brand reputation and public perception and trust also take a significant hit. As new technologies emerge, so do new risks — yet many businesses are unprepared in the area of cybersecurity readiness. Ernst & Young’s 2018–2019 Global Information Security Survey revealed that many organizations are falling short in managing data privacy and cybersecurity and have some work…
Check out Quantivate’s most recent resources — You’ll find industry insights and learning resources for your governance, risk, and compliance (GRC) program, covering topics including internal audit, business continuity, vendor management, and more: What Is GRC? An Introduction to Governance, Risk & Compliance Management Whether you’re new to governance, risk, and compliance management or an industry veteran, this guide gives a helpful review of the essential components, success factors, and benefits of effective GRC.…
Whether you’re helping your organization develop a formal business continuity (BC) program for the first time or looking to improve existing BC processes, you’re likely to encounter a common roadblock: getting buy-in from leadership and peers. Colleagues may be hesitant to contribute or participate in the BC planning process, viewing the commitment as just another demand on their already busy schedule. However, trying to move forward without coordination with senior management and other core…
What is GRC and why is it important? GRC – shorthand for governance, risk, and compliance — is an umbrella term for the processes and practices that organizations implement to meet business objectives through: Monitoring and mitigating risks Tracking regulatory change and verifying compliance Aligning policies and processes to organizational goals (more…)
What's the difference between internal and external audit? While the internal and external audit functions are complementary and may need to work closely together, their purposes and areas of focus differ. The Institute of Internal Auditors (IIA) emphasizes that the two functions do not compete or conflict; rather, they both contribute to effective governance. Internal auditors take a holistic view of their organization’s governance, risk, and control systems (in other words, primarily non-financial information),…