Value Achieved in IT GRC
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Organizations operate in a complex environment of risk, compliance requirements, and vulnerabilities that interweave through departments, functions, processes, technologies, roles, and relationships. What may seem as an insignificant IT risk in one area can have profound impact on other risks and cause compliance issues. Understanding and managing IT governance, risk management, and compliance (IT GRC) in today’s environment requires a new paradigm in managing these interconnections and relationships. When organizations approach IT GRC in scattered silos of documents and disconnected solutions and processes there is no possibility to be intelligent about IT GRC decisions that impact the broader organizations and its operations. Organizations need an integrated IT GRC architecture that delivers 360º contextual intelligence on IT security, risk, and compliance. Surescripts is an information technology company that manages the electronic transmission of prescriptions between health care organizations and pharmacies and general health information exchange (HIE) of medical records. Information security, risk, and compliance are of critical importance when dealing with personal health information. Surescripts saw growing demands to ensure the security of this sensitive information and knew they needed to implement a true IT GRC process and move beyond the reactionary fire-fighting approach to information security that plagued them. To address their growing need for a platform to manage the range of IT GRC requirements, Surescripts evaluated solutions available in the market and purchased the LockPath® Keylight® Platform to manage risk across the Surescripts organization. GRC 20/20 has evaluated and verified the implementation of LockPath’s Keylight Platform at Surescripts and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized LockPath and Surescripts with a 2016 GRC Value Award in the domain of IT GRC.
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- Complexities of IT GRC Hinders Organizations
- Surescripts: Value Achieved in IT GRC
- The Challenge Surescripts Faced
- Solution to Surescript’s Problem
- Surescripts Achieved Value in GRC Efficiency, Effectiveness, and Agility
- GRC Efficiency Value
- GRC Effectiveness Value
- GRC Agility Value
- GRC 20/20’s Final Perspective
- About GRC 20/20 Research, LLC
- Research Methodology
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Michael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.
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