Cyber risk governance (also called cyber risk governance or governance, risk, and compliance — GRC) and https://www.upguard.com/blog/cybersecurity-risk-management are often used interchangeably, but they are actually very different parts of the way an organization achieves data protection. While cybersecurity risk management focuses on implementing cybersecurity controls, cyber risk governance is more concerned with the strategy behind that implementation. Cyber risk governance determines accountability and ensures ongoing performance with written https://www.upguard.com/blog/information-security-policy, procedures, and repeated assessments.
While cyber risk management mostly concerns the on-the-ground implementation of cybersecurity controls, the cybersecurity risk governance that informs it must start at the top level of the organization.
Measuring the effectiveness of cyber risk governance initiatives is essential since cyber risk governance is not about blindly implementing recommended security controls but overseeing the wider strategy behind those security controls.