Governance, risk and compliance (GRC) refers to a strategy for managing an organization's overall governance, enterprise risk management and compliance with regulations. GRC is a structured approach to aligning IT with business objectives, while effectively managing risk and meeting compliance requirements.
In the IT environment, GRC has three main components:
- Governance: Ensuring that organizational activities, like managing IT operations, are aligned in a way that supports the organization's business goals.
- Risk: Making sure that any risk (or opportunity) associated with organizational activities is identified and addressed in a way that supports the organization's business goals. In the IT context, this means having a comprehensive IT risk management process that rolls into an organization's enterprise risk management function.
- Compliance: Making sure that organizational activities are operated in a way that meets the laws and regulations impacting those systems. In the IT context, this means making sure that IT systems, and the data contained in those systems, are used and secured properly.
NSS GRC platform provides the following functionalities:
- Catalogue and assess business-specific risks
- Provide administrators with tools to communicate risks to employees and ensure operations comply with company, industry, and regulations
- Help users structure audit and risk mitigation projects
NSS GRC platform has the flexibility to provide compliance requirements, risk and control catalogues for different standards (ISO 27019, NIST 800 series, etc.) and regulations (KVKK and EPDK legislation in Turkey).