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Read Governance, Risk & Compliance (GRC)5 Minute Read
The Ultimate TPRM & Cyber Risk Glossary
When in doubt, use an acronym.
Whether you’re a seasoned healthcare CISO or you’re new to the industry and convinced people are just making up acronyms—this glossary has you covered. From standard industry frameworks to CORL-specific terms, it’s your Rosetta Stone for healthcare TPRM, cyber risk, and compliance.
Understanding Governance, Risk & Compliance (GRC)
Governance, risk, and compliance (GRC) is a holistic approach to ensuring that an organization achieves its key strategic objectives while managing risks and adhering to industry regulations.
GRC frameworks integrate corporate governance, risk management, and compliance strategies to improve decision-making, enhance accountability, and ensure compliance with laws and standards.
GRC plays a critical role in managing third-party risks in healthcare by helping organizations enforce policies, track regulatory compliance, and mitigate cybersecurity risks through coordinated efforts across departments. CORL’s solution seamlessly integrates with GRC tools to provide organizations a comprehensive view of risk.