What is the role of governance, risk, and compliance (GRC) tools in cybersecurity risk management?

Governance, Risk, and Compliance (GRC) tools play a crucial role in creating a structured cybersecurity risk management framework by providing organizations with the necessary means to manage risks effectively. These tools help in establishing policies, procedures, and controls to ensure compliance with regulations and industry standards, as well as identifying and prioritizing potential cybersecurity risks. By using GRC tools, organizations can monitor, assess, and mitigate risks, thus enhancing their overall cybersecurity posture and ensuring business continuity.