ALERT

[WEBINAR] See the Whole Story: The Case for a Visualization Platform

Governance, Risk And Compliance (GRC)

Definition - What does Governance, Risk And Compliance (GRC) mean?

Governance, Risk and Compliance (GRC) is an administrative concept supported by a certain class of software. GRC tools allow users to manage compliance with regulatory standards.

Techopedia explains Governance, Risk And Compliance (GRC)

The fundamental design of GRC tools involves a single framework, often expressed in a 'dashboard user interface’ or similar design, that helps to bring information out of various separate containers into one collaborative environment.

For example, a GRC tool will allow data to be shared between business, security and compliance departments or software structures. Part of the value of GRC tools has to do with specific industry regulations like Sarbanes-Oxley, HIPAA and Basel banking rules that affect businesses in various industries.

These tools support the stakeholders who need to manage data the right way, and include features like e-discovery and records retention or smart archive processes to help form a consistent standard for data storage and use. Many companies use specialized vendors to source and maintain GRC systems in order to stay compliant and manage risk.

Connect with us

Techopedia on Linkedin
Techopedia on Linkedin
Tweat cdn.techopedia.com
"Techopedia" on Twitter


'@Techopedia'
Sign up for Techopedia's Free Newsletter!

Email Newsletter

Join thousands of others with our weekly newsletter

Resources
Free Whitepaper: The Path to Hybrid Cloud
Free Whitepaper: The Path to Hybrid Cloud:
The Path to Hybrid Cloud: Intelligent Bursting To Amazon Web Services & Microsoft Azure
Free E-Book: Public Cloud Guide
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.