India, Jan. 6 -- Before credit bureaus existed, trust was rebuilt from scratch each time a person applied for a loan. Banks re-verified the same information for every application, no matter how many times a customer had proven themselves elsewhere.

Not because bankers lacked diligence, but because the system lacked memory.

GRC (Governance, Risk, and Compliance) today is stuck in an eerily similar loop. Every audit, every vendor assessment, every questionnaire forces companies to recreate a picture of their security posture from scratch. New screenshots. New spreadsheets. New explanations. New proof. The work is repeated not because teams are inefficient, but because the underlying system retains no living memory of how the organisation ...