Governance, Risk and Compliance Management solutions offer a platform to control risks that might adversely affect realization of an organization’s business objectives. GRCM covers a broad range of risks typically entailing financial,information technology, and legal issues. Their goal is to prioritize the risks, justify funding for remediation, and use policy to guide operational teams in corrective actions.
The crucial value of GRCM is in controlling legal and regulatory compliance risks, for these can trigger substantial penalties and even threaten viability of a business. Most GRCM controls relate to process, operations, and management; a subset addresses technical controls. Control data is usually collected manually via questionnaires. It’s ironic that these technology-based solutions have been stymied in automating collection of configuration data for IT assets, which protect the modern enterprise infrastructure. The problem is that manually collecting detailed
configuration data for thousands of IT assets in scope is impractical, and prevents maintaining an accurate asset repository and conformance with policy. An organization cannot effectively set and manage policy without knowing this vital information, so a tenuous posture for compliance is the unavoidable result. QualysGuard Policy Compliance is a key component for automating IT policy compliance.