our services
Governance Riskand Compliance
GRC (Governance, Risk, and Compliance) is a two-fold approach:
Strategy:
It's an organizational strategy for managing governance, risk management, and compliance with industry and government regulations.
Software:
It also refers to a suite of software tools that helps implement and manage an enterprise GRC program.
By providing a structured approach, GRC helps organizations:
Align IT with business objectives
Effectively manage IT and security risks
Reduce costs associated with security breaches and non-compliance
Meet compliance requirements
Improve decision-making through a holistic view of risk management
Overall, GRC fosters a culture of accountability and helps organizations operate securely and efficiently.
Governance: The Foundation for Business Success
Risk Management: Protecting Your Business
Risk management is the ongoing process of identifying, assessing, and controlling potential threats to your organization, including financial, legal, strategic, security, and information risks. It involves proactive measures to minimize negative impacts and align organizational objectives with risk tolerance. A comprehensive risk management program prioritizes stakeholder expectations, identifies vulnerabilities, assesses system performance, and considers legal and ethical factors to ensure long-term success and cost reduction.
Compliance: Navigating the Rules of the Game
Regulatory Compliance:
This focuses on adhering to external laws, regulations, and industry standards.
Corporate Compliance:
This involves adhering to internal rules, policies, and controls established by the organization.
Hacktech offers all-inclusive security solutions for compliance with various standards such as
SOC 2
ISO 27001
NIST
HIPAA
HITRUST
SOC 2
PCI DSS
GDPR
CCPA
Let us take care of everything—from planning and testing to delivering reports and assisting with remediation.
We're your one-stop security partner for -
Websites
Applications
Systems
Networks and APIs
Allowing you to focus on your business while we keep you securely protected.
The 6 Steps of a GRC Framework(Our Process)
01
Laying the Groundwork: Understand Your Organization
- Analyze your business goals across all departments.
- Identify areas with potential risks that could hinder those goals.
- Assemble a team with the expertise and authority to conduct a thorough analysis.
02
Identifying Threats: Risk Assessment
- Pinpoint potential risks that could disrupt your organization’s objectives.
- Evaluate the impact of each risk and prioritize them based on severity.
03
Building the Framework: Policies and Procedures
- Develop clear guidelines for:
- Risk management: How your organization will identify, assess, and mitigate risks.
- Compliance: Ensuring adherence to all relevant regulations.
- GRC data management: Procedures for storing and managing GRC data.
- Define triggers for policy updates and who has the authority to approve them.
04
Taking Action: Implement Control Measures
- Develop strategies to address identified risks. This may involve:
- Technology solutions: Implementing GRC software for streamlined management.
- Process modifications: Refining existing processes to minimize risk.
- Employee training: Educating employees on risk awareness and mitigation strategies.
- Oversight structures: Establishing new oversight mechanisms for better risk control.
05
Continuous Improvement: Monitor and Review
- Track your organization’s performance against your GRC objectives through regular audits and reviews.
- Analyze all available data to identify areas for improvement.
- Continuously adapt your GRC framework to remain effective in the evolving landscape.
06
Transparency is Key: Report and Communicate
- Maintain transparency with all stakeholders regarding your GRC efforts.
- Provide regular updates to the board, employees, and (if applicable) the general public.