Governance, Risk, and Compliance
GRC stands for Governance, Risk, and Compliance.It is a structured approach that organizations use to align their IT and business goals while managing risks and meeting regulatory requirements.Key components include:
Governance:
Aligning policies and strategies with organizational goals.
Risk Management:
Identifying and addressing risks to achieve objectives.
Compliance:
Adhering to laws, regulations, and internal policies.GRC enhances efficiency, reduces risks, and promotes accountability and ethical behavior.