Comply Or Die: GRC Software Aint' Sexy, But It Sure Sells.

The article reports on software called governance, risk management, and compliance (GRC). The software has been growing fast compared to other technology innovations as seen in the businesses in Germany, Japan and the United States, all of which are said to be spending billions on GRC-related technologies and services. Access Control and Process Control applications have been added as forms of protection against risks such as fraud and money-laundering. GRC's economic implication is also given.