What is GRC and why do you need it?

GRC stands for Governance Risk and Compliance Services. It refers to some specific strategies that one will obtain to manage the governance of an organization, the compliance along with regulations, and the risk management of the enterprise.

In simple words, the Governance Risk and Compliance Services can be explained as a structural approach that aligns business objectives with IT innovations with effective risk management to meet the requirements of the compliance.

To wonder how Governance Risk and Compliance Services will benefit you, it has a lot to offer on the plate. Some of them are:

Improved decision making
Enhanced optimal IT investments
Less fragmentation in the divisions
Silo elimination

GRC or Governance Risk and Compliance Services in the IT world is composed of three components:

Governance: it makes sure that the activities of your organization will align purely to the business goals of the company.

Risk: With this service, we make sure that any risk or opportunity that is inclined with the company gets the required priority. With this facility, you will get the comprehensive IT risk management steps that will roll the organization’s risk management function.

Compliance: Compliance service makes sure that the company operates without violating any law and regulation that will impact the system. To speak with technical appropriacy, your company data will operate with appropriate security.

How do organizations manage risk?

FourNxt Governance Risk and Compliance (GRC) Company manages risk by providing expert Risk & compliance management solutions to the existing problem. The entire process needs a lot of prioritization on exactly what is necessary for the process of risk management.

Here is how we operate on business firms:

Avoiding Risk

By avoiding risk, you will get lesser threats by all means.

Risk Transfer

Here, we transfer the risk to another party who is ready to tackle the risk happily using effective Risk & compliance management solutions.

Risk Reduction

Once we spot the risk, our experts apply IT solutions to manage and reduce them.

Risk Retention

The risks which are hard to accept or transfer goes to retention by default.

Brief about FourNxt’s GRC Portfolio

FourNxt serves as a Governance Risk & Compliance Solution. We make sure that your data and privacy are safe from wrong hands. There might be several times when you don’t understand what happens on the internet behind the white side of the internet. Just an IP address is enough for a potential hacker to track every detail of your browsing history that includes passwords, bank details, and important documents of your company.

When we assure you with Governance Risk & Compliance Solution security, you can rely on us with all the trust you have. We serve for the following Regulatory Compliance Services:

Governance Risk and Compliance (GRC)

Uncover all online risks as we promise compliance.

IT support with security audits
Reliable data protection framework architecture
GRC Framework and platform implementation
GRC Service Offerings

Controlled Security Operations

We help any small to large scale business improve their digital appearance by securing them with end-to-end security services.

24/7 security operations center
Security information and event management (SIEM)
Real-time protection from threats
Threat intelligence with security analytics

Security application development

You get reliable security application development by eliminating every infiltration point of your company’s digital presence. Here are some of the things that the Regulatory Compliance Services will cover:

Runtime application security
Dynamic application security testing
Analyzing Static code
Establishing a secured platform for the application

Offensive Security Services

Get rid of the high-risk vulnerable points from your digital system and protect them.

Wireless and web security assessment
Vulnerable assessment penetration testing
End to end IoT Security Management
Cloud Security and Mobility Assessment

The challenge of a complex GRC process

If you are looking for strong GRC Solutions, you must be looking forward to strong leadership in the organization and operating the organization’s IT for maximum support with strategic objectives.

The challenge of GRC as a service will leave a huge impact on the organization’s effective approach towards any work in their field. When you focus on the GRC services, get it done by the FourNxt who are reliable with their services.

The main challenge of GRC as a service is not in the procedure. Since it works with multiple systems and frameworks, there are chances of misunderstandings which can lead to poor finance handling, operation and IT dealing, more fraud risks, and regulatory.

#1: Unified Vision that mislead the culture of the organization
An organization work in silos. The business units or individual departments have their data, processes, and stakeholders that will meet the goals of the organization.

#2: lack of definite GRC Solutions
When businesses are evolving, there is an evolvement in their regulations too. Weak framework and communication among the different units can bring confusion which can further affect the progress rate of the business organization.