Enhancing GRC Through Effective Access Risk Management

Manual processes to control access risk and related fraud are inherently expensive, time consuming, and disparate. This problem is further compounded by tough financial times. Companies are therefore trying to identify and minimize business liabilities to avoid penalties due to insufficient risk management capabilities and non-compliance issues. Regardless of the size of the organization, embedding Governance, Risk, and Compliance (GRC) management into all business process has therefore become imperative. This is particularly applicable to access risk as more and more companies are embracing SaaS platforms, mobile technologies and social media to facilitate their B2B and B2C interactions and transactions.

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