Remove 2007 Remove Insurance Remove Risk Management
article thumbnail

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

Reciprocity

The various niches of risk management have become a veritable alphabet soup of acronyms. As a result, we now have: Enterprise risk management (ERM). Governance, risk management, and compliance (GRC). Integrated risk management (IRM). The advent of the digital age is partly to blame.

article thumbnail

What Is GRC? Governance, Risk, and Compliance Explained

BMC

The OCEG (formerly known as “Open Compliance and Ethics Group”) states that the term GRC was first referenced as early as 2003, but was mentioned in a peer reviewed paper by their co-founder in 2007. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is GRC? Governance, Risk, and Compliance Explained

BMC

The OCEG (formerly known as “Open Compliance and Ethics Group”) states that the term GRC was first referenced as early as 2003, but was mentioned in a peer reviewed paper by their co-founder in 2007. Risk A possible event that could cause harm or loss or make it more difficult to achieve objectives.

article thumbnail

What is COBIT? COBIT Explained

BMC

These frameworks offer philosophies and tangible paths forward to improve cost and resource management, measure risk, speed up customer service, and innovate analysis through predictive methods. ISACA focuses on IT governance, risk management, cybersecurity, and auditing support with standards, guidelines, and best practices.

Audit 52
article thumbnail

What is COBIT? COBIT Explained

BMC

These frameworks offer philosophies and tangible paths forward to improve cost and resource management, measure risk, speed up customer service, and innovate analysis through predictive methods. ISACA focuses on IT governance, risk management, cybersecurity, and auditing support with standards, guidelines, and best practices.

Audit 52