Many organizations are adopting a governance, risk and compliance (GRC) tools to help manage their activities in these three areas. GRC suites and toolsets automate the collection, correlation and reporting of information to offer a broader picture of how well the company is not only performing, but also how well it is complying with the law and managing risk. Members of Wisegate, an invitation-only, business-social-networking group of CSOs and CISOs who want to privately share information with each other.”]
Source: https://www.csoonline.com/article/2130987/12-tips-for-implementing-grc.html