Prevent cyber attacks and fraud risks with Brainwave
Risks for your organization
General management, as the hierarchy’s summit within the organization, must ensure the balance between the achievement of strategic objectives and systemic risks management. Therefore, cyber security must help ensure system security and management of strategic risks. But this must be done without jeopardizing the operational effectiveness of business activities. In all sectors, the upper levels of management are becoming more aware of fraud risks, data loss, and risks of hacking, due to the increasing frequency of attacks on organizations. But how can you actually protect sensitive assets and business processes?
Protect your sensitive assets and business processes easily
Answer your digital transformation challenges with Brainwave GRC
Lack of visibility regarding risks
General management, as a conglomerate of internal actors, currently suffers from the proliferation and fragmentation of data within the organization. This lack of a “big picture”, including a view over operational risks, can often be a significant handicap in defining strategic objectives and direction for the company, as well as ensuring its performance.
Benefit from a precise view over your risks
With Brainwave Identity GRC, access to all information about the organization’s digital assets is easy and comprehensive. The solution provides an overview of assets and data, classified by their degree of sensitivity. Accessibility to each person (employees, suppliers, partners, etc.) is mapped for all assets. All searches can be made in natural language and a set of dashboards allows you to quickly assess the levels of identified risks and their evolution overtime.
The information is continuously updated and archived to allow retrospective investigation.
Operational efficency imperative
Maintaining a high level of security should not be an obstacle to the operational effectiveness of an organization. Still, it is clear that uncertainty regarding the actual level of risk involved can sometimes hinder new initiatives. In addition, the review and monitoring processes related to security are often perceived as additional inertial vectors. The reason is simple: those in charge of security do not have the means or effective tools to carry out the determined goals.
From a strategic point of view, security should be a facilitating factor for developing new business models and not an obstacle. Now is the time for organizations to equip themselves with the proper tools in order to keep their promises.
Ensure a proper balance between security and efficiency
The Brainwave Identity GRC solution automates a large number of control activities for the analysis and detection of anomalies related to the organization’s digital assets access. The solution also has the capacity to produce customized reports and risk dashboards. Finally, it allows for efficient management of access recertification campaigns by providing the right level of information to supervisors and decision-makers.
Security policy and risk management procedures’ implementation will no longer encumber business activities. On the contrary, the gains in time and resources will optimize business processes’ operational efficiency by reducing the risks for the organization.
Digital transformation and agility
Faced with the challenges posed by global competition and technology, companies need to be more adaptable and efficient. Today, adaptability relies, in particular, on more collaboration between the company and its partners, suppliers, customers, and employees, as well as the use of an increasing number of services hosted in the “Cloud” or Cloud computing.
This higher level of collaboration allows companies to make better use of data (customer profiles, trends, and behaviors) which are becoming increasingly valuable to ensure growth and productivity. It is a significant challenge, in terms of control and security, to protect this asset while also collaborating and becoming more accessible to the outside world.
Ensure a successful digital transformation
Brainwave Identity GRC provides tools to support sharing while retaining the control and history of data usage or access granted, particularly to partners. It is now possible to trust others without being totally blind to how this trust is being returned. Also, the solution enables fine control of data and applications access, as well as the detection of suspicious precursor behaviors, particularly those preceding data breach.
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.
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.
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.
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.
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.
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.
Take a look at your needs by job title
- CISO and CSO
- INFRASTRUCTURE AND APPLICATION MANAGER
- INTERNAL CONTROL
- CFO and CRO
- GENERAL MANAGEMENT
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.
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.
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.
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?
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.
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.
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.
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.