To keep patient data out of the wrong hands, HIPAA software helps you reduce small mistakes that can lead to major breaches. Just one misaddressed email can expose protected health information and put a healthcare organization at risk. Patient data is highly valuable to hackers because it contains information that’s often permanent, such as blood type, medical history, and health records. One healthcare record can ...
Moving from “good enough” to the best GRC software means sharpening your selection criteria and focusing on outcomes. Knowledge is power. The end goal? When you select the right solution, you can address risks before they escalate, eliminate manual errors, act versus react to regulatory change, and recover quickly from a disruption. Good GRC solutions are often designed to address a single area of governance, ...
Regulatory requirements in healthcare are constantly changing. Why? Rules that govern healthcare sit at the intersection of public health, technology, economics, and policy—all of which evolve rapidly. A public health crisis or patient safety issues can trigger new standards, as can advancements in medicine and technology. Patient advocacy groups and professional associations also lobby for regulatory change to address gaps or improve service. Healthcare organizations ...
Expectations for Compliance Officers continue to rise as they assume new areas of oversight, such as privacy compliance, internal audit, and compliance risk management. Given their wide range of responsibilities, not to mention the dynamic and demanding nature of their jobs, a number of important questions arise: How do you prove your compliance program is effective? Where should your Compliance Officer sit in the org ...
The biggest risks to an organization rarely appear overnight. They build slowly, with early signs scattered across media, regulatory drafts, industry chatter, and market data. By the time those signals reach headlines, it’s already too late — fines are issued, supply chains are disrupted, reputations are damaged. Horizon Scanning Risk Management is the discipline of spotting these early signals of change. With AI, it becomes ...
An integrated GRC framework is a structured approach to managing governance, risk, and compliance activities collectively as part of a unified strategy. The alternative is a disconnected process where departmental silos work independently, often duplicating efforts. Why does this matter? Fragmented systems often miss the big picture. An integrated GRC approach, where teams are collaborating through shared data and workflows, makes it easier for leaders ...
GRC banking technology can turn regulatory pressure into a strategic advantage by ensuring compliance with complex regulations like GDPR, SOX, and global ESG mandates. This minimizes the risk of fines or sanctions and also helps build brand credibility and investor confidence. Why GRC Banking Technology is Needed The banking industry is one of the most heavily regulated sectors because of the central role banks play ...
To learn more about what makes GRC solutions effective, we worked with OCEG (Open Compliance Ethics Group) to conduct the 2025 GRC Maturity Survey. This survey provided a global snapshot of where organizations stand today and the differentiating factors that equate to GRC maturity. Drawing on input from over 850 professionals (including 368 senior executives), the findings are clear: a formal strategy around the right ...
APRA CPS 230 is a regulatory standard introduced by the Australian Prudential Regulation Authority. Its goal is to improve operational resilience in the financial sector. It applies to a wide range of institutions—banks, insurers, super funds, and others that provide essential financial services in Australia. At the heart of CPS 230? A key focus on protecting critical services. These are the functions that, if disrupted, ...
Organizational silos aren’t just a byproduct of growth. They are a clear sign that something is not working. And while they can show up anywhere, certain environments are especially prone to them. Eight in ten companies say there's a stark mismatch between their department initiatives and their larger business initiatives.¹ The result? Nearly $9 trillion in estimated economic losses each year. When communication is stifled ...
