Upcoming Events . . .
Latest Pontifications & Thoughts . . .
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Policy & Training Management Demands Attention
The Foundational Role of Policies in GRC Strategies Policies are critical to the organization as they establish boundaries of behavior for individuals, processes, relationships, and transactions. Starting at the policy of all policies – the code of conduct – they filter down to govern the enterprise, divisions/regions, business units, and processes. GRC, by definition (www.OCEG.org),…
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Developing a Vendor Risk Management Strategy – Info/CyberSecurity Perspective
Organizations are porous: the modern organization is not defined by brick and mortar walls but is a complex web of business relationships. These relationships span vendors, suppliers, outsourcers, service providers, contractors, consultants, temporary workers, agents, brokers, dealers, intermediaries. It grows even more complex as there are nested relationships in subcontractors and supply chains. Approximately half…
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Considerations and Lessons Learned from GRC RFPs
The GRC technology market landscape is broad with over 800 solution providers across seventeen segments of GRC (see bottom of this post for a breakout of GRC segments). Approximately seventy solutions can be characterized as Enterprise GRC platforms while hundreds of solutions focus on specific areas/segments of GRC with focused solutions. In 2016, GRC 20/20…
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Increasing Exposure of Third Party Risks
The Modern Organization is an Interconnected Mess of Relationships Brick and mortar business is a thing of the past: physical buildings and conventional employees no longer define an organization. The modern organization is an interconnected mess of relationships and interactions that span traditional business boundaries. Over half of the organization’s ‘insiders’ are no longer traditional…
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GRC in Uncertain Times: 2016 and into 2017
In the past month there have been a lot of posts, articles, and discussion on the impact of Trump’s presidency on the GRC market, particularly compliance. Some fear that the need for compliance management within organizations is not going to be as strong as a Trump administration looks to deregulate. My perspective is that compliance management will…
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How to Identify UBOs in an Unpredictable World
Business operates in a world of chaos, where relationship risk is ever present. What’s the secret to understanding and identifying ultimate beneficial owners? The modern organization is an interconnected web of relationships and interactions that span traditional business boundaries. Complexity grows as these interconnected relationships and transactions layer themselves in intricacy. In this context, organizations struggle…
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The Role of Technology in Compliance Risk Management
Organizational exposure to compliance risk is rising while the cost of compliance soars. An ad hoc or reactive approach to compliance brings complexity, forcing business to be less agile. Organizations in the past have addressed compliance as singular obligations, resulting in multiple redundant initiatives working in isolation to respond to each obligation. These isolated compliance…
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Compliance: An Integral Part of Risk Management
Increased regulatory and ethical pressures are transforming the traditional role of compliance. Compliance departments are taking on broader responsibility for ethics, compliance, corporate culture, and social responsibility. With greater frequency, they are moving out from under the legal department into a direct reporting relationship to the CEO and/or Board, particularly in highly regulated industries. Some…
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Compliance and Risk Bear Down on the Organization
Compliance in Dynamic and Distributed Business Compliance is not easy. Organizations across industries have global clients, partners, and business operations. The larger the organization the more complex its operations. Adding to the complexity of global business, today’s organization is dynamic and constantly changing. The modern organization changes by the minute. New employees come, others leave,…
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Complexities of IT GRC Hinders Organizations
Organizations operate in a complex environment of risk, compliance requirements, and vulnerabilities that interweave through departments, functions, processes, technologies, roles, and relationships. What may seem as an insignificant IT risk in one area can have profound impact on other risks and cause compliance issues. Understanding and managing IT governance, risk management, and compliance (IT GRC)…
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Policy Management Demands Attention
The Foundational Role of Policies in GRC Strategies Policies are critical to the organization as they establish boundaries of behavior for individuals, processes, relationships, and transactions. Starting at the policy of all policies – the code of conduct – they filter down to govern the enterprise, divisions/regions, business units, and processes. GRC, by definition, is…
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Information Security in Context: The CISO as a Transformational Role in Risk Management
Information Security at the Center of Risk Chaos Inevitable Failure: Managing Information Risk in a Silo Organizations are complex. Exponential growth and change in technology, vulnerabilities, regulations, globalization, distributed operations, changing processes, competitive velocity, business relationships, legacy technology, and business data exposes organizations of all sizes. Keeping this complexity and change in sync is a…