What is GRC?
Governance, Risk, and Compliance (GRC) is a framework that provides guidance on tools and processes for linking risk management and regulatory compliance with IT across organizations.
- Governance: This refers to the policies and rules that facilitate the use of ethical methodology in the process of achieving business objectives. A good governance framework is comprehensive and clearly outlines the responsibilities of all stakeholders in a company. It also covers organizational policies on social responsibility, conflict resolution, ethics, communication, dissemination of information, and resource management. An effective GRC program aligns teams, technology, and processes with overall company objectives. The level of effectiveness of governance can make or break a company.
- Risk: This aspect of GRC defines the need for risk management across all areas of an enterprise, including legal, financial, and IT security. Risk management programs must identify possible risks and take concrete measures mitigate or eliminate them. For example, an IT data security risk assessment looks for vulnerabilities in a system and finds ways to fix them to improve an enterprise’s security posture. This prevents problems such as data loss and cybercrime from destabilizing the business.
- Compliance: This is a broad term that can refer to a range of rules, policies, and regulations. It can relate to industry-specific regulations, internal company policies, and requirements arising from the need to align with government legislation. For example, healthcare companies must devise internal processes to comply with HIPAA by protecting patients’ PHI.
FileCloud’s GRC Capabilities
FileCloud has GRC built into its core. With an industry-leading Compliance Center that simplifies the implementation of challenging regulatory requirements, as well as cutting edge security capabilities, FileCloud is designed to help drive your GRC initiatives. Its comprehensive set of governance features include AI-enabled content classification, Data Leak Protection, and life cycle management from creation to archival and deletion. Hierarchical policies save you time and reduce the manual work involved in content governance.
FileCloud also allows you to create custom workflows using a no-code, drag-and-drop workflow builder. This reduces the rate of errors and allows users to automate tedious tasks. An intuitive dashboard shows all running workflows in real-time, providing relevant, up-to-the-minute data at a glance.
Elevate Your Compliance with FileCloud
FileCloud regards compliance and security as two equally necessary sides of the same coin. Its Compliance Center allows you to always safeguard your enterprise data while remaining audit-ready. It contains handy tables that enable easy navigation of otherwise complicated regulations, ensuring that the task of overseeing compliance is largely automated.
The Compliance Center UI in FileCloud’s admin portal matches common regulations to their best practices in terms of configurations. Violation alerts ensure admins can quickly address problems, and customized reports for auditing purposes can be quickly generated.