Governance, Risk and Compliance Services in India
Establishing Governance to Derive Compliance and Enhance Resilience
What Is Governance, Risk, and Compliance in India?
The governance, risk, and compliance (GRC) framework is a structured approach that organizations utilize to align technology, processes, and strategies with their overall objectives, managing risks, and ensuring regulatory compliance.
GRC comprises these vital components to offer a holistic view of how an organization operates and manages its internal affairs.
Governance
Helps guide organizational activities by establishing clear structures, processes, and policies – aligning these effectively with business goals and objectives.
Risk
Identifying, assessing, and resolving potential security vulnerabilities by prioritizing them based on their severity and impact on overall business goals.
Compliance
We help an organization comply with every applicable law and regulation (industrial and national) by implementing the necessary controls, processes, and policies.
The GRC service in India specifically involves establishing a proper hierarchy, managing IT and security risks effectively, and most importantly, reducing uncertainty and costs associated with meeting compliance standards.
Wattlecorp – one of the leading cybersecurity service providers in India, offers GRC services that are strategically designed to help you stay compliant with both industrial and government regulations. We also lift the hassles of overt regulatory rules and associated roadblocks to ensure you stay ahead of potential risks that may question your compliance. Additionally, our GRC services are also bound to offer the level of security your business needs.
How To Hire GRC Service Providers In India?
Hiring a GRC Service Provider in India mandates looking for specific criteria, such as experience, training, and holding relevant certifications.
Experience
Should possess a minimum experience of 5 years. If you’re looking for a more experienced professional in this field, then he/she should possess 15 years of prior expertise.
Training
An ideal GRC service provider in India should have undergone training in areas like risk management, cybersecurity practices, and regulatory compliance.
What are the GRC Services Offered In India?
Wattlecorp’s GRC services for Indian businesses comprise:
ISO Consulting and Implementation
- ISO 27001 consulting, gap analysis, and readiness assessments
- Developing and implementing ISMS (Information Security Management Systems) per ISO 27001 statutory guidelines
- Performing internal and external audits
- Providing ongoing support and guidance to ensure continuous compliance with relevant regulatory standards (GDPR, ISO 27001, HIPAA, etc.)
GDPR and Data Privacy
- Developing data protection policies and related procedures
- Executing DPIA (Data Privacy Impact Assessments)
- Supporting the implementation of data privacy frameworks
Risk Management
- Identifying, assessing, and mitigating risks related to information security and data privacy
- Developing risk management strategies and frameworks
- Conducting risk assessments
Client Engagement
- Working closely with both the Indian and Middle East clients to understand and meet their unique security and compliance requirements
- Provide detailed reports and presentations to clients
- Offering value-added recommendations for undergoing constant monitoring to meet compliance demands
Setting Compliance Standards For Indian Businesses With Cybersecurity GRC
We understand how important it is for you as business leaders to maintain compliance with both industrial and government standards..We also know how time-consuming those processes may be – more than what you need to invest in your business growth. Be rest assured our GRC services in India helps you derive compliance without significant hassles.
Whether it is to conduct risk management or meet compliance, our GRC services are tailored to these specific needs of yours.
Stay Compliant, Stay Secure.
Compliance Governance To Strengthen Resilience For Indian Businesses
Developing robust compliance and governance frameworks is essential to strengthen your cybersecurity defenses. At the same time, it is also necessary to pay heed to the vital needs of your business. We are fully aware that maintaining legal and ethical compliance is not an easy task – that there are challenges inherent when adhering to them.
With our structured GRC approach, we can help you manage risks, maintain regulatory compliance, and ensure business continuity. However, carrying out these processes in all efficiency requires expertise. For the internal teams to possess all the necessary skills is not possible. This is why we’ve appointed GRC professionals for our Indian operations and help businesses there meet compliance needs.
Equipped with advanced knowledge in compliance requirements and cybersecurity skills, they can efficiently conduct gap analysis plus develop and implement Information Security Management Systems (ISMS) subject to ISO27001. We can also support you in activities that require undergoing external audits and offer the needed guidance to stay compliant from a cybersecurity perspective.
If you want to know where you stand in regards to your GRC score, our experts can help create a GRC checklist for you. By regularly checking and updating on the key compliance requirements, you are not only adhering to relevant regulatory standards, but are also going a step ahead to improving and strengthening your cyber resilience.
Managing Risk To Enhance Compliance
Risk management has a lot to do with governance and compliance in an organisation. Every nation, including India, has its own compliance requirements and organizations are bound to abide by the rules governing there.
Here’s a quick breakdown of what our risk handling comprises to ensure governance and compliance for Indian businesses.
- Developing Risk Management Strategies and Framework:
Identifying and prioritising risks based on their severity and impact. - Identifying, Assessing, and Mitigating Risks:
Safeguarding critical information and protecting data privacy. - Offering Recommendations For Risk Treatment:
Furnishing a detailed report with necessary recommendations for mitigating identified vulnerabilities.
Our objective to streamline risk management for your business is primarily driven by our mission to help you maintain governance and compliance.
Role of GRC Certification in Serving The Triple Purpose of Governance, Risk & Compliance for Indian Businesses
Managing GRC for an organisation with confidence and effectiveness mandates possessing a GRC certification. This is where our cybersecurity team stands apart in the industry. How? By holding CISA and ISO Leader Implementer/Auditor GRC certifications.
Our lead auditors holding CISA, (Certified Information Systems Auditing), a globally recognized GRC certification offered by ISACA, are proficient in handling the responsibilities and challenges of modern auditing. Meanwhile our ISO-certified lead auditors can assess how effectively your business management systems can comply with ISO standards.
A GRC certification has considerable value as it helps organisations comply effectively with relevant regulatory standards. They validate IT professionals’ skills, aptitude, knowledge, and abilities in managing risks, handling compliance requirements, and achieving governance for an enterprise.
Connect with us for a GRC Demo to know the efficacy of CISA and ISO.
Recommended Services
Cyber security
Compliances
Cybersecurity threats are evolving at a faster pace in India. Addressing them is critical to avoiding massive security incidents, specifically data breaches as these can heavily impact national security - compromising sensitive information. While businesses can meet cybersecurity compliance by implementing robust security measures, changing regulatory standards can prove challenging. By offering end-to-end compliance consultancy services, Wattlecorp can effectively help reduce such issues.
Data Privacy
Consulting In India
The data privacy environment is creating massive changes for organisations. Very well felt in the realm of legal, technical, and operational realms, there is a risk for them to get overlapped and create complications. Thankfully, for India having established the Digital Personal Data Protection Act (DPDP) on August 11, 2023, Wattlecorp is here to help you ensure you stay compliant on these standards.
F.A.Q
Tip • Book a consultation to get personalised recommendations.
Governance, risk, and compliance (GRC) services refer to a structured approach that aligns IT with business goals, risk management, and ensures compliance with both industrial and government regulations by utilising relevant tools, techniques, and processes.
The risk and compliance services are meant to help Indian organisations stay compliant with relevant laws, regulations, and internal policies by identifying, assessing, and addressing potential security risks that could otherwise harm reputation and affect financial stability.
The term ‘best GRC certification’ signifies the one that ideally aligns with GRC professionals’ career goals. It should also meet the specific compliance needs of an organisation operating in India. Here are the highly regarded GRC certifications that you can consider achieving:
- CISA (Certified Information Systems Auditor)
- CGEIT (Certified in the Governance of Enterprise IT)
- CRISC (Certified in Risk and Information Systems Control).
- ISO (International Organisation for Standardisation)
- CGRC (Certified in Governance, Risk, and Compliance)
- CISM (Certified Information Security Manager)
- CISSP (Certified Information Systems Security Professional)
Although ISO standards do not wholly relate to GRC certifications, their relevance and value cannot be dismissed when implementing GRC frameworks for an organisation.
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