trading

Ensure your trading activities with optimized access certification with Brainwave GRC

trading

REDUCE RISKS OVER YOUR FINANCIAL TRANSFERS AND SENSITIVE ASSETS

 

  • Cyber attacks

  • Sensitive data and processes

  • Reputation stakes

Trading activity is facing increasing risks, in proportion to the financial and economic stakes involved. Attacks and breaches now have higher costs in terms of cash lost, fines, and reputational damage – customers, markets, and regulators expect and demand increasing capabilities to prevent these events, forcing firms to take action.

Because of this, the regulatory context for trading activities is getting more severe, with compliance requirements ratcheting up in the future to demand companies put in place effective security policies.

Cybersecurity issues are numerous: protection of investors’ information, combating fraudulent activity, security of financial transactions, and protection of intellectual property. Investment funds manage especially valuable and sensitive data for individual and institutional investors, favorite targets of cyber criminals. Another favorite target? Trading algorithms, investment strategies, and other high-value elements of intellectual property that companies must protect.

Actors in the sector must put effective and viable solutions in place to ensure maximum protection against these risks.

trading

Your needs and our solutions

PROTECT YOUR SENSITIVE BUSINESS PROCESSES WITH BRAINWAVE GRC

Ensure your regulatory compliance easily to reduce risks

Challenges facing the sector

Management of significant financial capital

Trading activities are a favorite target because of the sums involved in the management of significant transactions and financial capital.  Such sums of money increase the internal and external risks for organizations. Their transaction and payment processes and their intellectual property call for maximum protection in the face of increased risks of fraud, data leakage, external attacks, and “accidental” internal incidents. Business processes must also be protected from beginning to end, not only within one or more of the applications involved.

Solutions

Protect your financial activities

The security of trading information systems is possible with the Brainwave solution, which gives a global and accurate vision of IT information in relation to known risks and trends, and highlights unusual and/or suspicious situations or actions related to the data and applications.

Managers access an easy-to-use platform with dashboards customized according to their needs and the business profile of the user so that all of the stakeholders (audit, internal control, manager, IT, etc.) can be effortlessly involved in the continuous protection of data and trading processes.

Compliance requirements

With the proliferation of cyberattacks and the increase in risks, the trading regulatory environment is being strengthened with higher compliance requirements. Many entities in the sector are not yet sufficiently aware of the importance of these compliance demands.

Easily comply to regulations

With the strengthening of regulations for trading activities, actors in the sector can meet these new requirements with the Brainwave solution, which allows effortless analysis of the information system without previous “manual” collection and treatment of data, and the automatic implementation of review and remediation processes.

Customizable audit and certification reports can be easily produced and automated, with significant time savings for everyone involved.

Need for effective SoD controls

A more and more frequent example of cyberattack on investment funds is an orchestrated attack from outside to penetrate the information system and access the bank transfer process. Hackers then carry out a series of transfers just under the level defined to alert the company and so may complete those transfers before they are detected.

This example shows the importance of defining robust and relevant segregation of duties (SoD) matrices and ensuring their continuous application in order to combat such a risk. However, with the proliferation of data and the digital transformation of businesses, actors lack visibility of their information systems and have difficulty defining good matrices and applying them well, due to ineffective solutions and a lack of overall vision of their risks and processes.

Ensure robust SoD controls

With the Brainwave solution, there is end-to-end security of strategic business processes dealing with large financial transactions. The solution facilitates and contextualizes the definition of SoD matrices adapted to and throughout all applications of the process, using IT and HR data to give an even more precise and realistic vision of possible conflicts between the different tasks in a process.

The SoD controls are effective and ensured from start to finish, throughout the applications and infrastructure involved, with customizable reports and automated certification processes to save time. The history is saved to simplify the task and secure the content.

Complex information systems

Trading entities, because of their financial activities and growth, often have complex information systems involving sophisticated applications and infrastructure. Protection of such complex environments supposes a thorough knowledge of the information system, the known risks, and the organization’s data.

But these three elements are often missing and render companies vulnerable to internal and external risks.

Effortlessly monitor your IS

The Brainwave Identity GRC solution eases and simplifies the management of access rights to your data, applications, shared directories, and strategic documents, through a global platform that each user can navigate with natural language and use to run automatic review and remediation processes.

For each new review, only the changes made since the previous review need to be verified by managers. Technical information is put into context with HR data collected; this reveals the real risk presented by unusual user behavior detected by the solution.

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

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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

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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

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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

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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

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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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