I was recently asked to host a round table discussion on ‘Governance, Risk and Compliance‘ (GRC), and I have to admit I was more than a little excited. Why? Because the other people around the table were leading lights in the world of Cybersecurity, Risk and Resilience, and I was looking forward to exploring how a GRC framework can work across industries and learning some valuable lessons from those around our virtual table.

In the world of cybersecurity, there are no holidays and days off as proven by the ransomware attacks that began during the Fourth of July weekend, impacting users of the Kaseya VSA remote management and monitoring software.

Financial institutions lost $16.9 billion to account takeover and identity fraud in 2019 alone, and the shift to online financial services during the pandemic only exacerbated the problem. At the same time, the 60 percent jump in compliance costs and risk management spending since the 2008 financial crisis has left retail and corporate banks with little discretionary funding.

Security ratings are one out of the myriad of tools that security, IT, and vendor risk management teams rely on. In fact, we know that companies deploy an average of 47 different cybersecurity solutions and technologies; yet only 39% of security leaders believe that they are getting full value from their security investments. That’s why we built our Zapier app, enabling you to connect SecurityScorecard to over 3,000 apps and automate key workflows based on SecurityScorecard data.

Mergers and acquisitions (M&A) enable companies to add products and services to their portfolios, giving them a way to scale their business. To gain true visibility into a company’s long-term impact on your organization’s bottom line, you need to understand all assets and liabilities, including digital ones.

Business decision-makers are inundated today with messages about the importance of digital transformation and innovation. If you want to stay ahead of the competition, you're told, you need to take full advantage of the cloud, move to microservices, replace your VMs with containers and so on. Yet what often gets lost or overlooked in those conversations is the digital risk that goes hand-in-hand with digital transformation.

One of the worst things about ransomware attacks isn’t just the mayhem they cause as your data is encrypted by criminals and your business is put on hold — it’s not knowing when they’ll happen. But what if you had some advance notice about the next cyberattack before it hit? What if you could find out if your data was up for bid on the dark web?

A quality management system (QMS) is a system that documents the policies, business processes, and procedures necessary for an organization to create and deliver its products or services to its customers, and therefore increase customer satisfaction through high product quality. In short, a QMS helps a company meet its regulatory requirements and customer requirements, and make continuous improvements to its operations.

Audit procedures are the processes and methods auditors use to obtain sufficient, appropriate audit evidence to give their professional judgment about the effectiveness of an organization’s internal controls. Internal controls are the mechanisms and standards that businesses use to protect their sensitive data and IT systems; or as a means of providing accountability on financial statements and accounting records.

ZenGRC Platform Designated ‘Leader’ and ‘High Performer’ by Users SAN FRANCISCO – June 29, 2021 – Reciprocity, a leader in information security risk and compliance, today announced its ZenGRC® platform was recognized as a Leader in G2’s Summer 2021 Grid for GRC Platforms, and as a High Performer in the Third Party & Supplier Risk Management category.