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Author - Rajesh Unadkat

regulatory-risk-management

Regulatory Risk Management: What Do These Acronyms Mean, and How They Apply

There are a lot of acronyms in the business world, especially when it comes to regulatory bodies and risk management. So many, in fact, it can be hard to keep them all straight. On that note, we’ve put together a helpful list of some of the most important acronyms when it comes to regulatory compliance. ISO: International Organization for Standardization. An organization made up of representatives from standards organizations from around the world, tasked with creating international regulatory standards [...]

What Is GRC?

What Is GRC?

GRC is an acronym for Governance, Risk, and Compliance. These three fundamental elements help create a system of people, processes, and technology within an organization that work in concert to improve an organization's internal processes. The purpose of this system is to conform to one or more defined goals, all while adhering to laws and regulations pertaining to the industry. GRC: The Basics While there is no universally accepted definition of GRC, its three elements are usually characterized roughly as follows: Governance [...]

Information Security Compliance and Risk

The Challenges Law Firms Face with Information Security Compliance and Risk

In the legal arena, the confidentiality between a client and his or her lawyer is not only a professional bond of trust but, also, an aspect mandated by law. For firms that work with healthcare organizations, there is an additional challenge to confidentiality: They are subject to the Health Insurance Portability and Accountability Act (HIPAA). HIPAA and Other Regulatory Compliance: Confidentiality Is Key As “business associates” who may work with Protected Health Information (PHI), attorneys are directly liable for any unauthorized [...]

Compliance Are Vital to the Healthcare Industry

Why Cybersecurity and Compliance Are Vital to the Healthcare Industry

In the last couple of years, data security has become a major priority for healthcare providers and organizations. Every patient that visits a medical practice for an evaluation and/or treatment is asked for a wide range of personal information: full name, address, phone number, state ID, insurance details, medical history, and more. Plus, each time a co-pay is paid with a card, that payment information enters the system. All of this information is a target for cyber-attacks. Healthcare and Cybersecurity [...]

GRC software

Aruvio GRC Software Scales to Meet the Needs of Growing Businesses

As your company grows, you’ll likely notice an escalating need for governance, risk management, and compliance activities. GRC software solutions can help companies handle their GRC needs, providing the needed information and safeguards that will keep your company in compliance with the law, but, occasionally, the needs of a business will outgrow its software. Aruvio provides a GRC platform that can scale up as your GRC needs grow. Ideal for small-to mid-size businesses, Aruvio’s GRC platform can be customized to [...]

Four Cybersecurity & Compliance Trends To Watch Out For In 2017

Four Cybersecurity & Compliance Trends To Watch Out For In 2017

Don’t let the new political environment in Washington, D.C. fool you. Although the new administration has pledged to cut regulations, the regulatory state remains strong, and political infighting may doom efforts to reform it. Corporations need to keep a strong focus on regulatory compliance, not just for the sake of staying on the right side of the government, but also to reap the benefits of good practices. Governance, risk, and compliance professionals need to keep their eyes on emerging compliance [...]

Vendor management system

10 Ways to Better Manage Vendor Risk

Third-party vendors can provide tremendous value to organizations, handling IT issues that those organizations may not have the expertise or manpower to take care of on their own. Becoming dependent on third-party vendors has its risks, and smart executives use vendor management software and other risk management techniques to mitigate their exposure. When your company or organization relies on third-party vendors for IT services, it will likely turn over sensitive information or the means to access this information to the [...]

Vendor risk management strategy

Three Reasons to Establish a Vendor Risk Management Strategy

Budgetary pressures and evolving technology are pushing more businesses and organizations to use third party vendors for a variety of IT and business process functions. While often convenient and financially helpful, this practice also opens up companies to risks regarding regulatory compliance and data security. Establishing a vendor risk management strategy can help organizations minimize their exposure to losses related to the use of third party vendors. For business leaders still weighing whether vendor risk management software and planning are [...]

GRC compliance

Three IT Areas for SOX Compliance

The Sarbanes-Oxley Act doesn’t just affect your company’s accounting department, SOX compliance is also critical to the IT department. IT managers need to be aware of SOX compliance issues and what they need to do to avoid running afoul of the law. SOX was passed in 2002, largely in response to corporation accounting scandals that had rocked the financial world in the early 00s. In addition to creating rules regarding accounting practices and corporate disclosures, the act also regulates how [...]

Internal audit software

Four GRC Trends to Watch for 2017

The new year is shaping up to be an exciting time for governance, risk management, and compliance professionals as globalization, technology, and demographic changes present new challenges and opportunities. Looking ahead for 2017, these trends have been identified as key areas of interest for GRC professionals: Cyber vulnerability – While IT departments have the lead role in tackling the threats posed by hacking and other computer issues, risk management, and compliance officers have an important role in accessing threats and [...]

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