Why GRC and Access Governance need to work together in the digital enterprise

Governance, risk, and compliance (GRC) programs are designed to protect the company, its stakeholders, and its reputation by ensuring compliance with laws and regulations, mitigating risks, promoting ethical behavior, and enhancing operational efficiency. Companies can adopt a solid governance framework for sustainable and responsible growth by adopting GRC programs. However, governance frameworks (SOX, EURO -SOX, BASEL II) primarily address business processes and risk management, with little recognition of the underlying IT and IT risk management processes. These areas are often approached separately, creating silos in the organization.  Implementing and executing governance frameworks in silos reduces the quality of mitigation because risks are managed in isolation. The first step to address this issue is integrating GRC and access governance processes. Integration of GRC and access governance facilitates the identification of corresponding identity data, roles, and information ...