If you haven’t considered, integrated, or included Governance, Risk, and Compliance (G.R.C.) in your organization’s cybersecurity strategy, you are exposing yourself to legal, compliance, and significant security risks that may result in fines, increased costs, and potential legal consequences. And, while compliance often serves as a minimum baseline, risk management and governance often take a backseat at its expense. Striking a balance between G.R.C. and security poses challenges, particularly as organizations scale, operate with geographically dispersed workforces, and manage diverse product lines. Mere cost and resource management are insufficient; G.R.C. must be seamlessly incorporated into your organization’s overall cybersecurity strategy.

According to Accentures comprehesive compliance report, 90% of compliance leaders expect evolving business, regulatory, and customer demands to increase compliance-related operating costs by up to 30%: “Banking, health and public services, insurance, and software and platform respondents cited cybersecurity as one of the top two compliance challenges they face today.”

Key Features of our G.R.C. Consulting Engagement:

Ramsec can provide the experience you need to help integrate G.R.C. programs and practices into your cybersecurity strategy. Our experience across various industries and compliance programs ensures you are evaluating your cyber risk against your current and future organizational strategy. Our consulting services are centered around a risk-based approach, ensuring G.R.C. is evaluated where it matters and aligning the strategy against potential business impact. We ensure you are balancing security controls against potential loss, making sure risk is reduced to an acceptable level at the right cost and at the right risk tolerance.

• Conducting an analysis of organizational, system, and privacy risks associated with new business development initiatives.
• Evaluating the impact of G.R.C. programs, including industry analysis, to identify material risks.
• Developing gap analyses and providing recommendations.
• Designing G.R.C. programs for current or future efforts, ensuring comprehensive governance, risk management, and compliance strategies.
• Executing the implementation of the National Institute of Standards and Technology (NIST) Risk Management Framework (RMF) or the Cybersecurity Framework for robust risk management and cybersecurity measures.
• Providing leadership assistance and guidance for navigating specific regulations and certifications, including FedRAMP, NIST-800-171, SOC2, ISO 27001, HIPAA, and GDPR. We have practical expierence across a wide range of security and compliance programs.

The value we add:

Our experience in leading and guiding cybersecurity programs, aligned with a risk-first approach, ensures that you make informed decisions at the right time and cost to protect your organization. We collaborate with your team to identify high-impact projects and establish organizational metrics, ensuring the continuous delivery of G.R.C. efforts.

The outcomes you can expect:

• Measurable reduction in identified risks through comprehensive risk assessments and effective mitigation strategies.
• Demonstrate compliance with current or future regulatory requirements and ensure accurate reporting for various lines of business.
• Development of both top-down and bottom-up approachs to seamlessly embed G.R.C. effectiveness into your organizational culture.
• Creation of a risk-based G.R.C. framework aligned with your organization’s mission to improve your G.R.C. maturity.

What are the benefits?

• Transparency and Accountability: G.R.C. programs foster transparency and accountability by defining clear lines of responsibility within the organization. This builds trust among stakeholders and leaders, ensuring each organization contributes to the overall success of G.R.C. efforts.
• Organizational Risk Mitigation and Reduction: Prioritizing a well-crafted G.R.C. strategy aligned with your organization’s mission, vision, and objectives can reduce financial, operational, and privacy risks related to compliance with laws and regulations.
• Improved Strategic and Operational Decision-Making: G.R.C. programs align risk management and compliance activities with the organization’s strategic objectives, ensuring that these activities support the overall mission and goals. This enhances strategic and operational decision-making.

Ready to talk about your G.R.C. needs? Reach out for a free consultation.