INSIGHTS ¦ 2024 IT Risk and Compliance Benchmark Report

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Description
The "2024 IT Risk and Compliance Benchmark Report" provides a detailed analysis of the evolving governance, risk, and compliance (GRC) landscape, focusing on how organisations are managing IT risks and compliance challenges. It discusses trends such as the unification of risk and compliance functions, the impact of artificial intelligence (AI) on risk management, and the shift toward integrated, automated GRC tools. The report also highlights how companies are navigating increasing regulatory scrutiny, cybersecurity risks, and the adoption of AI for both risk mitigation and operational efficiency.
Key Take Aways

Unification of GRC functions: 83% of respondents now have centralised GRC programmes, marking a shift towards integrating risk and compliance functions.
AI's dual role: AI is both a tool for streamlining GRC workflows and a source of emerging business risks, especially in cybersecurity.
Increasing data breaches: 59% of respondents experienced a data breach i...

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