Protect your business processes with Brainwave GRC
Protection of your information system
Sensitivity of supply chains
The manufacturing sector is faced with many strategic challenges, both cyclical and structural. The proliferation of unstructured data, the sensitivity of the logistics chain (particularly to the risk of fraud), the size of the organizations, and the importance of protection for information systems are all challenges for the industry players.
However, industrial companies often lack the resources and solutions to respond to all these challenges, or the price is too high. Unfortunately, the industrial sector has become a target of choice for external attacks, while businesses are often not yet sufficiently aware of the risks.
Several myths must be debunked: certain hackers have thorough knowledge of SCADA/DCS systems, and powerful tools like Shodan, a search engine that locates unsecured industrial systems throughout the world. Besides this, more and more actors in the sector are affected by cyberattacks for which they were not the original target, but which attacked their systems of choice globally.
The “fortress” strategy for securing information systems is now out of date because the digital transformation of organizations creates more opportunities for breaches in security systems, and internal risks must be taken into account as they represent a significant share of information security incidents.
Comply to rising regulatory requirements with Braiwave GRC
Challenges facing the sector
Complex finances and SoD
Finances in the manufacturing sector are usually very complex because, as with their organizational structure, many stakeholders are involved. These may be issues or risk factors for the company itself. Because of this, the definition of separation of duties (SoD) matrices and the application of these controls are complex and often incomplete.
Easily manage your systems
The Brainwave GRC solution allows you to collect, treat, and reconcile huge volumes of data from all possible sources to give clear and useful information to all actors, whether they are auditors, managers, or those responsible for applications. The solution lets you define more precise and relevant SoD controls and secure their application, because they are contextualized with HR data and integrated with all of the data collected.
Complex industrial finance processes may thus be easily managed with a dynamic overall vision to manage the risks involved.
Sensitivity of supply chains
Supply chains have particularly sensitive business processes because they bring together a large ensemble of applications and infrastructure, and are generally a source of numerous security risks for the company. These businesses processes, whose security is structured by SoD controls, are also subject to many regulatory requirements.
Reduce your risks of fraud
Within strategic business processes, such as supply chains, the Brainwave solution allows mastery of security risks like fraud and data leakage by securing the application of separation of duties controls, managing access rights closer to the reality of the process and throughout the entire process, rather than within a single application or ERP.
The proliferation of unstructured data is particularly relevant to the manufacturing sector, since it is increasingly integrated into processes (operational plans, logistics, etc.), making it necessary to manage security at the data level However, this level of precision is hard to find, as many solutions are incapable of taking on the large volumes of data involved.
Secure all your data
The Brainwave GRC solution lets you protect your unstructured data, applications in the cloud, and shared directories. This facilitates the analysis of information and identifies changes and unusual situations, which are risk sources for data security, especially when it comes to unstructured data. The solution lets you access a platform that offers natural language searches, as well as customized dashboards and reports to best secure your sensitive assets.
Large and fragmented payrolls
The size of many companies in the industrial sector means large HR organizations and significant, complex, and continuous internal movements (changes in position, departures from the company, arrivals, etc.). This can not only present significant security risks (fraud, data leaks, etc.), but it also complicates the meeting of regulatory requirements, for example when there is a discrepancy between theoretical user rights and those really granted and used by company employees.
Effortlessly manage access rights
The automation of review processes and the associated cross-referencing of access rights with HR data helps managers and supervisors successfully perform these controls, which are necessary but too often tedious when done manually. In addition, the review history makes it possible to save the previous reviews carried out, allowing you to view only the changes made since the last review instead of starting over each time. This solution thus saves managers’ time by removing reviews from their usual tasks.
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.