Predictions 2016: Vendors Win, Risk Management Loses

2015 highlighted how ineffective compliance and risk management quickly leads to nightmares for risk pros and business leaders alike. With the unfolding Volkswagen emissions scandal a case in point, companies whose governance, risk, and compliance (GRC) programs are poorly managed are vulnerable to enormous fines, erosion of customer trust, and — most important — millions or even billions in corporate losses. 2016 will bring even more GRC mishaps, and the modest technology improvements we see won't do much to reverse course. This brief highlights the four changes that will affect GRC the most in 2016 and what you should do about them. Forrester updates this brief annually for accuracy and relevance as part of the governance, risk, and compliance playbook.