What does the acronym GRC stand for in technology governance? 🔊
In technology governance, the acronym GRC stands for Governance, Risk Management, and Compliance. It refers to the structured approach that organizations adopt to achieve their objectives while managing risk and meeting compliance requirements. Governance focuses on leadership and direction, ensuring that an organization's IT aligns with its goals. Risk management involves identifying, assessing, and mitigating potential threats. Compliance ensures adherence to laws, regulations, and internal policies. Together, GRC frameworks help organizations establish accountability, facilitate transparency, and improve operational resilience.
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