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CFO

CFO and CRO, prevent your security and financial risks with Brainwave GRC

CFO and CRO

Assess the financial impact of potential and proven frauds

Mitigate risks over all your business processes stages

  • Fight against fraud LUTTER CONTRE LA FRAUDE

  • Ensure operational efficency and financial performance

“Fake president” scams, information theft, internal fraud… Never have finance departments had so much to worry about in terms of IT resources misappropriation. These forms of embezzlement present known risks to organizations’ image and profitability.  Statutory Auditors are increasingly demanding in their audits, and they point out systematically failures regarding control monitoring, which are becoming increasingly difficult to ignore.

Consequently, Chief Financial officers and Chief Risk Officers (CROs) must take an interest in matters that, until now, were outside their scope, such as data management and security, business processes surveillance, or monitoring IT operational risks.

CFO

Your needs and our solutions

Gain more visibility over fraud risks

Define and apply efficiently SoD controls with Brainwave GRC

Business challenges

Lack of visibility over risks

Today, many organizations do not have a clear view of the IT risks they face on a daily basis, even those that have an impact on critical processes in their organization: poor management of access rights, fraudulent use of IT resources, sensitive data misappropriation, etc. In fact, the assessment of these risks requires continuous analysis of technical data, often scattered across many systems and incomprehensible to the uninitiated. Most often, organizations do not have the capacity to determine the potential impacts on the business, or to organize the response effectively.

Solutions

Benefit from a 360° view with Identity Analytics

The Brainwave Identity GRC solution provides an overview of information about the organization, computer access, and user activity, with a platform that provides easier and more intuitive navigation. Monitoring plans are automated. Analysis and data correlation allow the detection of abnormal situations. The solution can define performance indicators and useful dashboards for the Finance Department. In this manner, it provides a clear view of the previously defined risks and highlights any abnormal situation or user behavior.

"Silo analysis” of sensitive resources

Sensitive business processes most often rely on a patchwork of IT resources: ERP, specific applications, bureaucratic resources, etc.

The traditional management methods provide a “siloed” analysis, i.e. analysis by system application. This is not sufficient, as it does not allow determining the risk of fraud related to converging permissions to access several resources, nor does it allow the user to act on a sensitive process on many levels. 

Sensitive business process analysis from start to finish

Brainwave Identity GRC is agnostic and enables the consolidation and analysis of various information resources within a single platform.

With its capabilities for SoD analysis and business process modeling, it is possible to verify the potential SoD risks from start to finish, and this can be done per process, and not just per application.

Insufficient internal fraud mitigation

According to a recent study by PwC (2014 Global Economic Crime Survey), 55% of French companies have been victims of fraud in the last 24 months. Less than half of fraud cases have actually been revealed through data analysis carried out by the organizations involved.

In fact, companies do not have the tools to determine the risks of fraud or proven frauds.

From potential to proven fraud

With its capacity for data collection, consolidation, and correlation, Brainwave Identity GRC provides the analytical tools to detect all situations that generate risk: access rights that have not been revoked, overlapping of rights, privileges that are too high, etc. Brainwave Identity GRC’s SoD analysis engine helps to determine the potential risks of fraud, within and across sensitive applications.

For the correlation of user access rights, traces of activity (transactions and operations performed on applications) and SoD regulations, Brainwave Identity GRC goes even further in order to detect cases of known fraud, in which certain rights are accumulated in order to make unauthorized transactions.

This capacity, which is unique to this product, helps businesses understand and prioritize risks in order to reduce and facilitate investigative work after the fact.

IT overconsumption

The proliferation of computing tools and the emergence of new types of solutions, such as SaaS or the Cloud, promote adaptability in these organizations and the use of the latest technology. However, the impact on IT costs is not always favorable. It is actually quite difficult to monitor the actual use of these resources; such monitoring is often beyond the scope of IT management teams.

Optimize your costs

Brainwave Identity GRC is agnostic: it can collect and analyze information from all types of resources, including external or Cloud resources.

By correlating HR data, access rights, and user data, it is possible to detect unused or underused access licenses for the purpose of removing them. The benefits are substantial and ongoing financial savings for the organization.

BRAINWAVE GRC SOLUTIONS TAILORED TO YOUR INDUSTRY AND YOUR JOB

Take a look at your needs by Industry

DIGITAL TRANSFORMATION - REGULATORY COMPLIANCE - FIGHT AGAINST FRAUD 

The Insurance sector is chaging very fast. With an increasing regulatory pressure, insurers need to face multiple challenges such as conducting properly their digital transformation without security imperatives impending operational efficiency, the management of sensitive business processes and fighting against cyber attacks. 

Assurance

Visit the insurance sector page  

REGULATORY COMPLIANCE - SENSITIVE DATA - DIGITALIZATION

The banking sector faces multiple challenges today: intensification of compliance requirements, wide spread digitalization, imperative of protecting sensitive assets, preventing data breaches, etc.

Banque

Visit the banking sector page  

FIGHTING  AGAINST CYBER ATTACKS – CYBER SECURITY 

The energy industry has quickly become a privileged target for hackers, especially petroleum and gas industries. These external attacks are becoming more common, and they can quickly impact all or part of an entire country by shutting down the electrical grid, like the hackings in Ukraine and Israel, for example. 

Energie

Visit the energy sector page  

OPENING IT SYSTEM - SECURING LOGISTICS CHAINS - DIGITAL TRANSFORMATION 

The manufacturing industry, now rapidly changing, is faced with many strategic issues, both circumstantial and structural. The proliferation of unstructured data, logistics chains’ sensitivity (particularly to fraud risk), the size of the organizations, and the importance of protection for information systems are all major current challenges for the industry players.

Industrie

Visit the manufacturing sector page  

CYBER ATTACKS – LEGISLATION ISSUES – DIGITAL TRANSFORMATION

The increasing number of cyber attacks on hospitals and health facilities in general, as in the hacking of the Hollywood Presbyterian Medical Center, implies higher risks of fraud, data breach, and external attacks for the entire sector, without any recourse for stakeholders to better protect themselves.

Santé

Visit the healthcare sector page  

CYBER ATTACKS – SENSITIVE DATA AND PROCESSES - REPUTATION

Currently, trading activity is faced with more and more cyber security risks, at the height of the financial and economic issues connected to it. The financial consequences and impact of a cyber attack on the reputation of the companies involved represent increasingly significant risks. The industry players are starting to take action against these risks.

Trading

Visit the trading sector page  

Take a look at your needs by job title

SECURITY POLICY -  RISK MAPPING - OPERATIONAL EFFICIENCY 

The "security" topic within a business is often taken in charge by the CISO and CSO's collaboration, when both actors are present. Yhe definition of the security policy and the risk mapping, conducted by the CISO, define the path to follow fot the policy's implementation, this being the CSO's responsability.  RSSI

Visit the CISO and CSO page  

OPERATIONAL EFFICENCY - PERFORMANCE – GOALS

The operational plan's efficency and the IT function's performance are the CIO's first priorities. In this context, IT security is often perceived as a constraint. Nevertheless, not considering enough IT security issues can rapidly impact IT teams' operational efficiency. 

CIO

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ENSURE OPERATIONAL FUNCTIONING AND SECURING WITHIN THE SCOPE OF YOUR BUSINESS.

Each application and infrastructure manager within the organization must ensure operational maintenance within their scope. They must also operate level 1 controls to implement internal control plans and respond to any auditor request.

Responsable-Infra

Visit the Infrastructure manager page   

COMPLIANCE REQUIREMENTS, ANALYSIS, RISK GOVERNANCE

The current challenges present in IT auditing are manifold: verification of the integrity of data and systems, verification of compliance with internal policies and regulations, detection of drifts, etc. In addition to monitoring regulatory compliance, audit is taking on a role that is increasingly complementary to data security: are the organization’s resources and data being used appropriately and by legitimate users?

Auditeur

Visit the auditor page  

COMPLIANCE – RISK MANAGEMENT AND MANAGEMENT OF ACTIVITIES – RESOURCES – PROCESSES

Internal control has now a vast scope of responsibilities: compliance checks, the definition and proper application of segregation of duties (SoD) matrices, control plans’ implementation and the resulting KPIs, remediation processes’ implementation, etc.

Contrôleur-Interne

Visit the internal control inspector page  

PERFORMANCE – OPERATIONAL EFFICIENCY – SECURITY OF THE DEPARTMENT

Any supervisor of a department or business unit is primarily responsible for organizational efficiency and ensuring that objectives are achieved. The challenges that you face today include access rights review of your teams, fulfilling regulatory compliance requirements, and being aware of security risks such as internal fraud.

Manager

Visit the manager page  

FIGHT AGAINST FRAUD - ENSURE OPERATIONAL AND FINANCIAL EFFICIENCY

"Fake president" scams, information theft, internal fraud... Never have finance departments had so much to worry about in terms of IT resources misappropriation. These forms of embezzlement present known risks to organizations’ image and profitability.  Statutory Auditors are increasingly demanding in their audits, and they point out systematically failures regarding control monitoring, which are becoming increasingly difficult to ignore.

Directeur-Financier

Visit the CFO and CRO page  

GROWTH - RISKS - DIGITAL TRANSFORMATION 

Information thefts, confidential data breaches, internal fraud... Never have financial departments have had to worry as mcuh regarding proven and potential risks threatening their organization's profitability and reputation. External auditors are more and more demanding in verifications and highlight more and more failures to comply to control obligations, becoming impossible to ignore any longer.

Inspection-DG

Visit the general management page  

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