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GRC as an acronym stands for governance , risk , and compliance , but the term GRC means much more than that. When broken down, the constituent elements can be defined from ITIL 4 and explained as follows: Governance The means by which an organization is directed and controlled. What is GRC?
Non-compliance can lead to severe repercussions, including hefty fines, erosion of customer trust, exclusion from government contract opportunities, and other detrimental impacts. government contractors. Your governance and risk management processes address cybersecurity risks. External service providers’ activity.
Non-compliance can lead to severe repercussions, including hefty fines, erosion of customer trust, exclusion from government contract opportunities, and other detrimental impacts. government contractors. Your governance and risk management processes address cybersecurity risks. External service providers’ activity.
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