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IRM, ERM, and GRC: Is There a Difference?

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Although organizations have always engaged in governance, risk management, and compliance in one form or another, the term “GRC ” seems to have been coined by risk consultant Michael Rasmussen, the “GRC Pundit,” in 2002. Rasmussen sees the GRC development timeline as follows: GRC 1.0 IRM: A Short History.

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Choosing a Governance Risk and Compliance Tool: Constant Vigilance

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GRC is an integrated approach to managing the organization’s governance, IT and security risks, and regulatory compliance functions. This engenders trust, strengthens its competitive position, and protects company assets from security breaches, data losses, and financial penalties. What Is GRC? Clear Organizational Hierarchy.

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SOX vs. SOC: What Is The Difference? [Complete Guide]

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It is designed to increase auditability within the organization and help detect internal fraud or theft. SOX” is a commonly used acronym that refers to the Sarbanes-Oxley Act of 2002. SOC reports are becoming more and more relevant today as an internal control, especially in relation to data security. SOX Overview.