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Integrated Risk Management (IRM)/Governance Risk and Compliance (GRC)

Integrated Risk Management (IRM)/Governance Risk and Compliance (GRC)

CYBERSECURITY DICTIONARY

Integrated Risk Management/Governance Risk and Compliance

IRM is an approach to risk management that integrates risk activities from across an organization to enable better and more sustainable strategic decision making.

Gartner coined the term in 2016 to describe the evolution of technologies and processes beyond what the firm now considers to be “legacy” GRC (Governance, Risk, and Compliance) approaches. Gartner differentiates IRM from GRC by suggesting GRC is primarily compliance-focused, confined within organizational silos and used by technical practitioners. By contrast, IRM is risk-focused, comprehensive, and used by business leaders. IRM considers comprehensive operational and IT risk posture to drive strategic decision making.

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