Data Accuracy and Request Overload Cited as Key Challenges in Panaseer’s 2020 GRC Peer Report
September 23, 2020
GRC leaders lack confidence in security data they provide to regulators.
Senior risk and compliance professionals within financial services company’s lack confidence in the security data they are providing to regulators, according to Panaseer’s 2020 GRC Peer Report. Results from a global external survey of over 200+ GRC leaders* reveal concerns on data accuracy, request overload, resource-heavy processes and lack of end-to-end automation.
The results indicate a wider issue with cyber risk management. If GRC leaders don’t have confidence in the accuracy and timeliness of security data provided to regulators, then the same holds true for the confidence in their own ability to understand and combat cyber risks.
Read the full article by the Global FinTech Series.