Governance, Risk and Compliance Services | Microminder Cyber SecurityGovernance, Risk and Compliance Services

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Governance, Risk and Compliance Services

The challenges of global digitisation, changes in regulations and technological advancements like threat vulnerability affect the profitability and longevity of a business. Despite these challenges, investors still demand increased ROI, transparency and accountability from their affiliate companies.

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What is governance, risk and compliance?

Governance, risk and compliance, abbreviated with the ‘GRC’ acronym, is an organisation’s strategy to achieve its business objectives, manage uncertainty, and act with integrity while adhering to industry and government regulations. GRC includes tools used to manage the interdependencies between:

Corporate governance policies.
Enterprise risk management programs
Company regulatory and compliance.

GRC processes aim to promote and instil good business practices into an organisation’s daily activities. These processes have become more robust and comprehensive to adapt to the increased complexity and damaging nature of risks, and they are rooted in the three main components of GRC:

Governance

This involves aligning processes to achieve the ethical management of an organisation in line with its business goals.

Risk management

involves processes that identify, categorise, and address the organisation’s risks that could hinder or enhance its operations.

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Organisations treated these components as separate entities

While organisations treated these components as separate entities in the past, the resulting redundancies made a unified and synthesised approach more attractive for its efficiency.

These redundancies were due to the overlap between the Governance, Risk and Compliance disciplines, as all three impact the same people, technologies and information.

While organisations treated these components as separate entities in the past, the resulting redundancies made a unified and synthesised approach more attractive for its efficiency.

These redundancies were due to the overlap between the Governance, Risk and Compliance disciplines, as all three impact the same people, technologies and information. Thus, attempting to manage each discipline separately creates substantial duplication of tasks among other counterproductive objectives like:

Inadequate visibility into the complete risk landscape.
High cost of independent staffing.
Inability to assess and address the effects of third-party risks.
Difficulty measuring risk-mitigated performances.
Unnecessary complexity and negative surprises.

Businesses of all types and sizes can use governance, risk and compliance management. However, developing a GRC discipline should be prioritised by larger organisations as they usually have extensive GRC requirements.

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How Microminder’s GRC system works

Unlike companies with isolated applications or a single framework to surveil and enforce their procedures, Microminder’s GRC system employs a unified approach. Microminder’s GRC system uses technologies and software that seamlessly unites core processes and roles across components into an integrated package. In essence, we offer cross-functional collaboration across the departments that practice governance, risk management and compliance.

Microminder’s GRC system utilises risk assessment and examination tools that identify the relationships between risks and business activities, controls and operations. Our GRC software provides a structured approach for companies to comply with legal and regulatory standards. This is because it helps them efficiently keep up with the regulations while staying ahead of compliance risks.

Our GRC software also reduces human effort by automating routine tasks and workflows. It also creates an avenue for GRC data to be housed in one repository, and by so doing, it eliminates double work and data redundancy. With this data stored in a single repository, Microminder’s GRC software reveals a clear GRC audit trail as it documents every modification.

Integrating Microminder’s GRC software and other governance, risk and compliance technologies enables organisations to manage risks, reduce costs, achieve superb information quality, and reduce the risk impact on their network environment.

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Microminder’s GRC framework offering

Microminder’s governance, risk and management team deploys effective strategies that will help you evaluate and strengthen the effectiveness of your GRC and cybersecurity programs. We do this while ensuring regulatory compliance.

Microminder’s GRC system enables companies to make risk-aware decisions at all levels of the organisation. It arms stakeholders with accessible visibility into real-time data with which they can deliberate on before taking collaborative actions. We integrate GRC capabilities, processes and technologies across all components to ensure that:

The right people get the correct information at the right time.
The right objectives are established.
The right controls are established to act with integrity and address uncertainty.

This way, organisational success is attainable, and risk transforms from something to be feared, mitigated or avoided into a tool that can create value and elevate performance.

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Why you need Microminder’s GRC team

Your enterprise needs Microminder’s GRC risk solutions to enhance its risk posture. It would help if you also had it to upgrade the efficiency of your business operations. Other reasons you need this service are rooted in the following:

By surveilling the company’s digital resources, establishing controls, and deploying frameworks, Microminder’s GRC arms businesses with the critical information they need to make data-driven decisions.

Microminder’s GRC solutions allow companies to access real insights into the working principles of their programs and how they impact each other and the company at large. Thus, it helps them see the big picture and design effective plans with which they can address issues before they escalate into damaging problems.

Microminder’s GRC approach creates an environment for the seamless establishment of data security measures. With the increased threat against cybersecurity, our GRC IT strategy ensures organisations’ compliance with data privacy regulations like GPDR. This way, your company guarantees the protection of its user and employee data.

Microminder’s governance, risk and compliance service helps companies automate their compliance management. We help you govern, grow and scale your workloads in one repository, enabling you to make timely and informed decisions for your company’s benefit. Microminder’s GRC service is the holistic solution for your business’s survival and longevity.

We bring intelligence and mindset together.

Transform your cyber security strategy and make it your competitive advantage. Drive cost efficiency and seamlessly build a roadmap. Let’s do it right the first time!

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Call 020 3336 7200

Client Testimonials

What our clients say about us

Clients in over 20 countries have secured their businesses from online threats with our cybersecurity services. Excellent customer support and cost-effective pricing are just a few of the reasons we’ve established long-lasting, highly successful relationships with our varied clients. Read our company testimonials to learn more about our unique capabilities and why so many clients have chosen us as their go-to provider for security solutions.

Claire Lee

Practice Manager - Amsel and Wilkins LLP

Microminder's in depth and broad scope pen testing truly provided us with some valuable insights that uncovered key business risks and highlighted necessary actionable intelligent changes that needed to be implemented within our business to combat any potential cyber-attacks from adversaries and prevent any breaches. This exercise helped us to enhance our cyber security posture and test our system’s resilience. We are quite pleased with our engagement with Microminder.

Julie Cockbill

Head of Operations - InfinityBlu dental

Microminder's 24/7 managed security services got deployed with such ease and immediately gave us an eagle eye view into our security logs and events, highlighting any indicators of compromise, effectively automated our response and correlated the incidents with full context, thereby triaging and eliminating all false positives. Our team are amazed at the speed and accuracy of Microminder’s Open XDR technology and skilled staff.

Tina Patel

Head of Integrations – Dental Beauty Partners

Our priority is business continuity and security, especially considering our operations across our 30+ practices. Microminder helped us with a tailored managed security services that aligned with our business needs. Their technology is at the forefront of the industry and that allows us to fully put our trust in their cyber security experts. We are glad to have Microminder as an extension of our technology team!

Philipp Mussbacher

Security Engineer & solutions consultant – Anonymous

Due to the fact that we work a lot with sensitive data in a business context, information security plays a big role for us. Due to the difficult labour market situation and the urgency to improve our security, we have chosen Microminder's CISO as a Service model and are very happy with it. Our virtual CISO manages to ensure stability and quality on the security side as well as legal requirements and compliance. I can only recommend Microminder's service.

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