2017 has shaped up to be a historic year in terms of disasters. In the last 3 months alone, we’ve seen some catastrophic security breaches and cyber attacks along with other disruptions (i.e. active shooters, severe devastation from natural disasters – wildfires, earthquakes, and hurricanes) hit organizations. The need for recovery and response plans is apparent, but leaves the question of how can I better prepare? One way to improve these plans is taking a holistic approach by incorporating Governance, Risk and Compliance (GRC) into planning efforts. As OCEG states, “GRC is the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity”.
The ideas and principles of Business Continuity Planning and Governance Risk and Compliance are nothing new, but they go hand and hand. One great thing about BC in the Cloud is that it allows planners the flexibility to incorporate both programs into one centralized system. We realize that when a disruption big or small hits our organization, the impacts can be felt like a shock wave across the entire organization. With a centralized planning process that includes tracking regulatory and/or policy changes, planners can evolve their program by sending a unified message and vision to the organization, stakeholders and clients. The results are a more effective planning strategy and a response plan that is not only integrated with the organizations mission, but allows for a centralized repository and reporting across programs. Incorporating GRC into your plans promotes a proactive approach to planning, so when a disruption occurs the response message and policies are clear. The GRC functionality within BC in the Cloud allows planners to document policy change, better understand and mange risks, analyze, mitigate and incorporate the changes directly to continuity and recovery plans. In addition, a User defined workflow makes staying up to date with audit requirements and policy reviews and revisions is easy.
By moving away from a siloed, fragmented approach of planning, organizations can more effectively comply with regulations, mature their programs, mitigate risks and most importantly respond to ANY disruption with both integrity and ethics. When it’s done right the benefits of GRC include consistency in processes, better quality information, reduced costs, reduced operational impact and overall efficiency. For more information on incorporating GRC into your planning efforts contact a BC in the Cloud Representative.