No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • CCI Magazine
    • Writing for CCI
    • Career Connection
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Library
    • Download Whitepapers & Reports
    • Download eBooks
    • New: Living Your Best Compliance Life by Mary Shirley
    • New: Ethics and Compliance for Humans by Adam Balfour
    • 2021: Raise Your Game, Not Your Voice by Lentini-Walker & Tschida
    • CCI Press & Compliance Bookshelf
  • Podcasts
    • Great Women in Compliance
    • Unless: The Podcast (Hemma Lomax)
  • Research
  • Webinars
  • Events
  • Subscribe
Jump to a Section
  • At the Office
    • Ethics
    • HR Compliance
    • Leadership & Career
    • Well-Being at Work
  • Compliance & Risk
    • Compliance
    • FCPA
    • Fraud
    • Risk
  • Finserv & Audit
    • Financial Services
    • Internal Audit
  • Governance
    • ESG
    • Getting Governance Right
  • Infosec
    • Cybersecurity
    • Data Privacy
  • Opinion
    • Adam Balfour
    • Jim DeLoach
    • Mary Shirley
    • Yan Tougas
No Result
View All Result
Corporate Compliance Insights
Home Data Privacy

Can AI Be the Next Step in GRC’s Evolution?

by French Caldwell
October 18, 2017
in Data Privacy, Featured
lock screen superimposed over man working on laptop

How IT Can Leverage AI to Prevent Major Cybersecurity Incidents

The need for artificial intelligence (AI) in IT governance, risk and compliance (GRC) is growing quickly.  As companies expand their digital footprints, cybersecurity vulnerabilities worsen due to an increased amount of data being produced from IT security monitoring and performance tools. 

At its recent Ignite 2017 conference, Microsoft revealed its plans for further incorporating artificial intelligence (AI) into its various offerings.  For example, the company is embedding AI in Excel to assist with automatic determination of different types of entries – Excel will be able to go beyond automatically differentiating between text and numbers to being able to identify the type of text utilized.  Since the program will be able to better identify types of text – for example, differentiating between objects, corporations and people – it also will be able to discover relationships within and between data sets.

A recent report issued by MetricStream found that AI has already taken the step of improving the discovery of data relationships in governance, risk and compliance (GRC). For instance, if a risk assessor creates a link of a risk to a business objective, an auditor identifies a relation of a risk to a control, and an IT security manager identifies a link between a control and an IT asset, an analyst now can evaluate the relationships between IT assets, risks and controls and business objectives.  Over time, through machine learning, a GRC system leveraging AI could begin to distinguish these relationships on its own, and thereby augment the discovery of linkages between data objects and make suggestions to human end users of the system. Further, rather than waiting for a human analyst to evaluate the relationships and trends, an AI-backed GRC solution could utilize cognitive computing to continuously analyze the data objects for any changes that could lead to greater risks or control failures – any detected threats to the ability to achieve business objectives would automatically alert human analysts for deeper evaluation.

Within an IT GRC context, the need for AI is growing quickly.  As companies expand their digital footprints, cybersecurity vulnerabilities worsen due to an increased amount of data being produced from IT security monitoring and performance tools.  In response to this, vendors have begun augmenting threat-monitoring tools with AI; the potential for discovering patterns of security vulnerabilities and IT asset performance can be significantly enhanced by the incorporation of this technology. However, AI still requires human analysis of the reports from those assets. Applying machine learning, GRC solutions can learn from the human analysis and then continuously monitor for the emergence of high-risk vulnerabilities, thus catching them and, through cognitive computing, orchestrate corrective action that can prevent a major incident or failure.

How far is the GRC industry from deploying solutions augmented by AI?  Perhaps not that far.  According to a recent survey conducted by GARP, a risk professionals association, 15 percent of their risk management organizations are already using AI. However, just 4.6 percent say that it plays a significant role in risk management.  Certainly, if compliance and audit professionals were surveyed, the numbers would be even smaller.  Still, with new tools emerging from industry giants like Microsoft that enable developers to incorporate AI capabilities into Excel-based solutions, there will be a lot of experimentation over the next two to three years, and GRC solutions that incorporate AI will play a major role in the industry in the near future.


Tags: Artificial Intelligence (AI)Machine Learning
Previous Post

Raising the Bar on Business Ethics in the 21st Century

Next Post

TRACE: 1MDB

French Caldwell

French Caldwell

French Caldwell One of the foremost thought leaders in IT, French Caldwell has been decisively shaping the GRC market for the last 12 years. French is a former Fellow and Vice President at Gartner, where he led their GRC research, including the influential Gartner Magic Quadrant on GRC, as well as research into disruptive technology. He also worked with the White House and U.S. Naval War College in 2002 to develop the Digital Pearl Harbor war game, the first ever strategic assessment of cyber war strategies. In 2012, the game took on a very real form with the strategic attacks on oil and gas infrastructure in Saudi Arabia and Qatar. French is also a retired naval officer and a nuclear submariner. Post-­retirement, French served as a diplomatic liaison to NATO for the post-­Cold War Congressional Commission on Roles and Missions of the Armed Forces. As an academic, French served as a Federal Executive Fellow at the Brookings Institution, an Adjunct Fellow at the Center for Strategic and International Studies and an Adjunct Professor and Graduate Research Advisor at the George Washington University School of Engineering Management. He has written a book on international law and has over 400 published research papers. French has an M.A. in International Economics, Strategy and Diplomacy and a B.S. in Oceanography.

Related Posts

GAN Integrity TPRM & AI

Where TPRM Meets AI: Balancing Risk & Reward

by Corporate Compliance Insights
May 13, 2025

Is your organization prepared for the dual challenges of AI in third-party risk management? Whitepaper Where TPRM Meets AI: Balancing...

tracking prices

Pricing Algorithms Raise New Antitrust Concerns

by FTI Consulting
May 13, 2025

Interdisciplinary frameworks can help manage legal, privacy and consumer protection risks

news roundup data grungy

DEI, Immigration Regulations Lead List of Employers’ Concerns

by Staff and Wire Reports
May 9, 2025

Half of fraud driven by AI; finserv firms cite tech risks in ’25

ai policy

Planning Your AI Policy? Start Here.

by Bradford J. Kelley, Mike Skidgel and Alice Wang
May 7, 2025

Effective AI governance begins with clear policies that establish boundaries for workplace use. Bradford J. Kelley, Mike Skidgel and Alice...

Next Post
Malaysian prime minister Mohd Najib Abdul Razak

TRACE: 1MDB

No Result
View All Result

Privacy Policy | AI Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Research
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2025 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • About
    • About CCI
    • CCI Magazine
    • Writing for CCI
    • Career Connection
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Library
    • Download Whitepapers & Reports
    • Download eBooks
    • New: Living Your Best Compliance Life by Mary Shirley
    • New: Ethics and Compliance for Humans by Adam Balfour
    • 2021: Raise Your Game, Not Your Voice by Lentini-Walker & Tschida
    • CCI Press & Compliance Bookshelf
  • Podcasts
    • Great Women in Compliance
    • Unless: The Podcast (Hemma Lomax)
  • Research
  • Webinars
  • Events
  • Subscribe

© 2025 Corporate Compliance Insights