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What is Risk Taxonomy means in GRC?

armanoj
Mega Sage

hi,

What is Risk Taxonomy means in GRC?

 

@Ankur Bawiskar @PrashantLearnIT 

 

 

1 REPLY 1

Dr Atul G- LNG
Tera Patron

Hi @armanoj 

 

Risk Taxonomy is a structured framework that categorizes and defines the different types of risks an organization may encounter. It serves as a high-level classification system and includes an additional option for users to utilize Risk and Control (R&C) elements.

 

https://www.servicenow.com/docs/bundle/yokohama-governance-risk-compliance/page/product/grc-common/c...

 

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