INTRODUCTION:  GRC (for governance, risk, and compliance) is an organizational strategy for managing governance, risk management, and compliance with industry and government regulations. GRC forms the cornerstone of corporate integrity and operational efficiency, ensuring that organizations meet regulatory standards while effectively managing risks. So,GRC encompasses a broad and interconnected set of tasks aimed at overseeing regulatory obligations.   As businesses are moving their operations to digital platforms, such as the cloud, new regulatory policies for lowering risks ar ..read more

Introduction A majority of the organizations across the globe use the cloud platforms for various purposes. A large portion of cloud adoption has been arising various data governance challenges. Moreover, companies have struggled to maintain a visible stand over the sprawling cloud data bases. Varonis, a data security service provider released a report revealing organizations across the globe which find it difficult to govern such large amounts of data and shadow privileges which go unsupervised across the fragmented SaaS and IaaS environments. It found that a concerning 43% of the cloud ..read more

INTRODUCTION:  The phrase “data is the new oil” is attributed to British mathematician Clive Humby, who purportedly coined it in 2006. Large corporations including social media giants gather data from consumers and leverage it to make inform internal decision aimed at making strategic decision and enhancing sales performance. This escalating emphasis on data reliability has brought the discipline of data governance to the forefront, shaping the way data is managed, safeguarded, and utilized within these institutions.  Data governance is an instrument for determining who within an org ..read more

Today, technology continues to evolve, with companies all over the globe required to adapt to the constant evolution. It is necessary to meet the challenges brought about by digital transformations. This calls for Governance, Risk, and Compliance (GRC) measures. GRC  is a framework to align Information Technology with business standards and goals while managing risks and meeting necessary industry and government compliances. The GRC framework provides specific tools and procedures to bring together an organization’s governance and management of risk alongside its technological advancement ..read more

INTRODUCTION:  Data governance is an instrument for determining who within an organization is responsible for overseeing data assets and establishing a mechanism for their lawful utilization. In the complicated world of finance, having a well-defined and systematic rule of data handling is vital. It is crucial for efficient regulatory compliance and managing risks effectively within set timelines. It plays a pivotal role in maintaining the accuracy, consistency, and reliability of financial data, placing special emphasis on ensuring data integrity in risk management and timely reporting ..read more

INTRODUCTION: GRC, which stands for Governance, Risk, and Compliance, is a complete system that helps organizations handle risks, follow laws, and achieve their business goals. An effective GRC plan helps organizations act ethically, openly, and in line with their goals. Managing GRC properly is very important for many organizations, large and small. Leaders struggle to see all the risks and follow the rules properly. Having a clear plan for GRC is crucial for good management and helps organizations adapt better to changes and understand their risks. As discussed earlier, the first element i.e ..read more

Introduction In a recent survey conducted roughly a 58 million Americans identify as independent workers, who are not employed in the conventional employment jobs. This was a significant rise from the numbers collected in 2016, by 27%. Independent jobs consist of people ranging from highest paid actors to independent legal practitioners to up and coming artists in the entertainment industry to even homeowners who rent out their properties on short term basis. Additionally, workers who are engaged in “side hustles” along with their normal source of income also fall under this category. Such eco ..read more

Introduction: In a landmark move, India’s President recently granted assent to the Digital Personal Data Protection Act, 2023 (DPDPA). This groundbreaking legislation is set to revolutionize the protection of personal data, placing a significant burden on entities entrusted with processing such information. Among the entities likely to feel the profound impact of the DPDPA are SAP (Systems, Applications, and Products in Data Processing) customers, whose responsibilities in handling personal data will be scrutinized under the new regulatory framework. The DPDP Act is the first of its kind in In ..read more

INTRODUCTION:  In a ground-breaking development, the European Union (EU) has reached a provisional agreement on the first-ever comprehensive rules for artificial intelligence (AI). Following intensive negotiations between the Council presidency and the European Parliament, the agreement marks a significant step forward in regulating AI systems to ensure safety, respect for fundamental rights, and the promotion of innovation within the European Union.   The AI Act stands as a leading legislative endeavour poised to promote the growth and adoption of secure and reliable AI within ..read more

Introduction In the current age, industries have been grappling with rising challenges of protecting sensitive data. Data leaks and breaches have pertained which result in financial losses further resulting in damage to reputation and raising compliance issues. Data Loss Prevention comes into play which offers vital layers of protection to companies. Data Loss Prevention (DLP) is an approach along with a set of tools, technology and policies which are designed to restrict non-permitted access, breach and leakage of sensitive and confidential personal data in the company. The purpose of DLP is ..read more