Preserve your operational efficiency with Brainwave GRC
Secure your digital transformation without constraining your business processes
IN 2020, A BUSINESS WILL BE DIGITIZED AND SECURED, OR IT CANNOT EXIST…
Digital transformation initiatives have spread across all sectors as computer fraud and cyber threats are growing at an unprecedented rate. New challenges are simultaneously emerging due to stronger business needs and requirements, the rupture of the usage model, as well as the fulfillment of regulatory obligations./span>
For leaders, digital transformation is not an option, but rather, an imperative upsetting existing “business models”. Given the urgency of the projects to conduct, business units within an organization often take in charge digital projects, and the related governance and security risks. In this situation, the CIO and ISO must be the catalysts for change, playing the role of facilitators by improving the information system’s governance and security.
Implement efficiently your digital transformation
Secure your applications and data in the Cloud
From IT governance to the governance of a digital company
Digital transformation disrupts existing business models and the very culture of an organization. It impacts its functioning, its organizational mode, its processes, its teams, and its governance. The transformation is a major change and requires a digital strategy, supported by General management, and it must be developed jointly between the company’s business units and the CIO. In 2020, your business must be digitized or it will not exist! The execution of this digital strategy involves the implementation of appropriate governance to support transition. Digital technology does not belong solely to IT; it can no longer be boiled down to subjects of e-business, digital marketing, or Internet clientele. Digital technology is pervasive in the company, involves all of its components (Administration, Production, Marketing, Sales, Logistics, R&D, Finance, Risk Management, HR, the CIO, etc.), and is part of a global governance approach.
Mitigate your risks without extra controls over business processes
Data are at the heart of any business, but unfortunately, poor quality data can hinder your strategic IAM initiatives.
Quality is measured by the relevance and consistency with which Identity data across applications and systems reflect the actual information. Brainwave Identity GRC helps you solve your problems with the quality of Identity data by means of reconciling your data, coming from many silos within a single data warehouse.
Business processes constrained by digital transformation
CIOs and European security officials consider identity management to be an important part of their road map. They are convinced that only improvements in security and governance will allow them to complete their digital transformation but will also limit risks.
In the context of digitilization, the use of Cloud applications, opening the IS to partners and customers, and the “shadow IT” are factors of overexposure to cyber risks.
‘The governance of identities and access rights is rightly regarded as an important element for security measures implemented to face challenges brought about by digital transformation. A study by PAC emphasizes that 93% of respondents aim to maintain or increase their expenses related to IAM within the next three years.
To the community of IT and operational managers, information breach, data theft, and inconsistencies are the worst events that could hinder their digital momentum, and such incidents act as red flags to alert them of a growing “internal cyber threat”.
With Identity Analytics and Intelligence, Brainwave secures the company’s transition into Digital Age.
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.