As technology becomes increasingly more diversified, organizations are faced with the growing challenge of retaining skilled professionals that can monitor security threats across the enterprise. These security threats are not only associated with an organization’s technology infrastructure but also its business processes, its people and its geographic distribution.
As security threats become more complex in nature, the government and the marketplace respond with laws, regulations, standards, and guidelines that set the stage for Governance, Risk Management and Compliance (GRC) best practices.
GRC management sets a new approach for organizations to integrate common information that is handled by different areas such as audit, risk control and compliance in a consistent and timely manner. Implementing GRC mangement, however, requires that organizations avoid information silos, ensure information transparency, and apply processes consistently throughout the organization. These requirements can only be met through the implementation and maintenance of an integrated GRC framework.
Building on over 20 years of information systems consulting experience, Modulo has developed the Modulo Risk Manager software solution to implement an effective set of processes for Governance, Risk Management, and Compliance based on a wide range of relevant regulations and standards.
Modulo Risk Manager helps organizations to:
- Perform optimized governance, risk and compliance gap analyses
- Develop a risk scorecard providing executive management with an enterprise overview of risks, including indices and metrics
- Achieve results that are aligned with applicable regulations and guidelines
- Deliver a business-related enterprise risk profile, and prioritize investments according to each asset’s potential impact and importance to the organization.
- Track risk profile evolution
- Ensure the delivery of a centralized risk and Compliance Management capability
- Develop a geo-referenced risk map
- Carry out more efficient and cost-effective audits
- Manage security requirements in multiple audits, thereby eliminating redundant costs and unnecessary controls
- Support implementation requirements for SOx, PCI DSS, ISO 17799 / 27002, ISO 27001, BS 25999, COBIT, Basel II and FISAP Certification
- Support Business Continuity Plans with simplified maintenance and quick retrieval of information and procedures, aligned with the BS 25999 standard
- Facilitate event management in a logical and decentralized fashion
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