GRC 20/20 has evaluated, and reviewed the deployment of the ReadiNow platform in a distributed, dynamic and disrupted financial institution.
This detailed case study covers how the organization accomplished the following objectives:
- Create a risk profile for an asset type with one or more relevant risk events, associated Key Risk Indicators (KRI’s) and Risk Controls.
- Manage and assign security risks to the institutions assets.
- Compare and analyze risk in order to determine the level of controls/treatment required for an asset.
- Analyze history and trends and provide insights into the emergence of risks and test the effectiveness of controls through modeling, analytics, and reporting.
- Integrate multiple data feeds from different sources to maintain data accuracy and relevance.
- Support the asset assurance process to ensure controls are implemented and maintained.
- Assess inherent and residual risk and feed this into the risk model.
- Establish the relationship between risks, controls, and asset types to ensure that controls applicable to the risk and asset type are available for selection.
- Measure of likelihood and impact reduction factors associated with the control.
- Record Risk acceptance for any recommended controls that are not implemented.
Download this 14 page case study and ensure that your governance, risk and compliance solution is agile enough to adapt at the speed that the business requires.
