Companies resort to IT GRC in this downturn to reduce risk

With the economies taking a downturn, companies are now keen on strengthening their IT GRC spends. By strengthening their GRC spends companies look at protecting themselves against all sorts of risks including frauds and money laundering. It is estimated that GRC related technologies will grow up to 7.4% from last year. It’s a only slight drop from 8.5% to which it grew last year.

IT GRC includes IT Governance, IT risk and IT compliance. IT GRC gives a unified view of these 3 aspects, which were remaining in silos all these years. It’s relatively a new concept but is gaining in popularity. The use of IT GRC could be felt in identity auditing and compliance related issues including, financial compliance, healthcare compliance or insurance compliance.

Technorati Tags: Business Management

Vote Result

Score: 0.0, Votes: 0