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GRC– The Way Forward

May 20, 2015



Are you managing GRC in the most effective manner? Is it contributing to business governance or becoming a burden ? We will discuss the current state of GRC and recognized business drivers as well as supportive risk management infrastructures. Strategies for the alignment of business interests with enterprise GRC programs to establish a complete, auditable, less time consuming program which benefits from management visibility and compliance readiness will additionally be presented. Utilize GRC to manage your business, not to burden it.

James P Finn, Modulo

James has twenty five years experience in security and disaster recovery consulting, managing and delivering enterprise solutions to more than 200 worldwide commercial and government clients.

He has held various management and consulting positions in the information security field including as a worldwide IBM Corporate Auditor for Information Security reporting to the Corporation’s Board of Directors and the as the founding Principal of both the IBM and Unisys Security Consulting Practices and as Vice President of Risk Management for Modulo.

He has consulted in more than 38 countries (U.S., Asia, Europe, South America) on business, technical security and recovery solutions to assist clients to achieve and maintain effective goverance across the full spectrum of security and business recovery disciplines. James is a Microsoft MSRA trained assessor, a KPMG trained SOX auditor and also holds Business Continuity certifications.

He is frequently requested as a speaker at international industry conferences, live webcasts and TV and radio news shows and is the author of over 50 media articles on computer security

2. Agenda GRC Current State Business Risk Risk Management Evolution GRC Maturity Goals Your Risk Management Business Challenges GRC Automation Best Practices Questions ? 3. GRC Current State A reactive and siloed approach to GRC is a recipe for disaster and leads to . . . Lack of visibility. A reactive approach to risk and compliance leads to siloed initiatives that never see the big picture. Wasted and/or inefficient use of resources. Silos of risk and compliance lead to wasted resources. Unnecessary complexity. Varying risk and compliance approaches introduce greater complexity to the business environment. Lack of flexibility. Complexity drives inflexibility -the organization is not agile to the dynamic business environment it operates in. Vulnerability and exposure. A reactive approach leads to greater exposure and vulnerability 4. Risk Management Challenges Multiple standards to choose from Technology focused, not business centric Control identification required for each standard Lack of skilled auditors across all platforms No documented, thorough, consistent methodology Proper, effective, repeatable analysis not in place Detailed recommendations not complete No definable return on investment No knowledgebase for additional assessments Management visibility not faciliatated This can all be automated using GRC software 5. Risks Your Brand Stakeholders (e.g., board, management, employees) Contractual Relationships (e.g., supply-chain, vendors, contractors) Informal Relationships (e.g., NGOs, media) Your business information security and privacy Are you trying to manage a problem or leverage business information ? 6. Risk Management Evolution Current State Fragmented silos Mostly reactionary Individual projects Separate from mainstream processes and decision-making Spreadsheets, spreadsheets, spreadsheets Limited and fragmented use of technology Future State Integrated management & performance Proactive planning & execution Integrated capability Embedded within mainstream processes and decision-making Coordinated transactions & shared data Architected solutions 7. GRC Maturity Goals Achieve business objectives Enhance organizational culture Increase stakeholder confidence Prepare & protect the organization Prevent, detect & reduce adversity Motivate /inspire desired conduct Improve responsiveness & efficiency Optimize economic & social value 8. Automate the manual siloed approach to GRC management Solution Required: Distributed database driven platform with common policy, asset, reporting and incident repository Comply with multiple regulations Solution Required : Effectively manage the policy lifecycle and map multiple policies to common controls Lower IT and enterprise risk Solution Required : Consistently measure and communicate risk posture across enterprise Reduce cost of people resources and IT infrastructure overhead Solution Required : Automate common tasks and leverage technology in place without adding the complexity of agents Customer Challenges 9. Business Risk Where risk is understood and evaluated as part of corporate strategy and performance, it is set in a business context and mapped to corresponding KPI. Risk management aligned to business strategy results in: Risk aligned in the context of the business Risk does not operate as an island unto itself, but is defined and managed in the context of where the business is heading its goals and objectives Executives and management should clearly be able to see how risk supports or hinders execution of business strategy Risk managed within the context of business cycles. Findings influence strategic planning and investments Risk management supports and enables the business to execute a strategic plan and maximize return on investments 10. Effective GRC Solution Comprehensive GRC Solution Enterprise and IT Risk Management Compliance Management Policy Management Vendor Risk Management Remediation/Incident/ Exception Management Security Reporting & Remediation Business Continuity Management Audit Management Management Integrated GRC Platform Multi-language web based platform Integrated database driven distributed architecture Extensive knowledge base of frameworks, regulations and best practices Intelligent dashboard & reporting Ready to implement with the flexibility to configure Integration services API Role based access control Encrypted 11. Today's Fragmented Approach Inventory Evaluation Remediation Policies This requires an automated GRC Management approach that brings together silos of risk and compliance into a comprehensive management platform Analysis 12. Risk Management Process Sound risk-based decision making is critical to the success of any risk management program must move toward the formalization of risk management processes with appropriate accountability, transparency and measurability Risk management must be undertaken as a new approach to addressing business threats Gartner, April 2009 Business risk is more than operational and financial Total enterprise risk management includes enterprise IT risk 13. Best Practices GRC Automation 14. GRC Tool Manager modules Basic Modules Service Modules GRC Portal Knowledge Management Organization Policy Management Governance Compliance Management Continuity Workflow Home Administration Dashboard Risk Management ERM 15. Risk Management Cycle Inventory People, Process, Technology. Environment Relevance Levels Inventory Knowledge Base Automated Collectors Web Interviews In person Interviews Analyze Reports Indexes Charts Tables Evaluate Recommendation follow-up Workflow Manager Treat 16. SYSTEMS BUSINESS PROCESSES ASSETS Top-Down Governance Approach 17. Eliminate Compliance Silos Laws & Regulations SOX FISMA BASEL II NIST Frameworks 17799 COBIT Evidence DOC BKP PASSWORD Controls PEOPLE POLICY SERVER 18. GRC tools provides comprehensive support for the most commonly faced regulations, standards & frameworks, and more A130 Basel II BS25999 COBIT DIACAP DOD 8500.2 FFIEC FIPS 199 FISAP FISMA Sample Frameworks GLBA HIPAA ISO27001 ISO27002 ITIL NERC-CIP NIST 800-53a OSHA PCI DSS SOX 19. Comprehensive Knowledge Base, includingTechnologies Cisco Router w/IOS 12 Oracle 8 and 9i Microsoft SQL Server 7.0, 2000, 2005. Unix Solaris 8 and 9 Microsoft Exchange 5.5, 2000, 2003 Microsoft IIS 4.0, 5.0, 6.0 SAP AG R/3 4.0B, 4.6D Apache 1.3.27 Windows XP, 2000, 2003, Vista Linux Access Point - WLAN Application System in Production Check Point VPN 1/Firewall 1 NG IBM Lotus Notes R5 Microsoft ISA Server 2000, 2004 PDA Firewalls People IT Technician Senior Manager Security Officers Area or Process Manager End User Processes Developed Application System (15408) Change Management Data and System Backup Systems Continuity Management Contracts with Vendors Business Process Information Flow IT Security Organization ISO 27001 ISO 17799:2005 CobiT 4.0 - IT Process Maturity FISMA PCI Data Security Standard HIPAA NIST 800-66 BITs - FISAP AUP and SIG Physical Controls Datacenter Office 350 Knowledge Bases 20,000 Controls 5000 Data Collectors 20. WebServer Windows Router Oracle Unix Access Control Change Management Physical Controls SOX GLBA HIPAA PCI Basel II The MetaFramework Cobit Automatic Collectors Web Interview or Off-line Collector Regulations Standards & Frameworks mapped into ISO 27001 FISAPPCI-DSS GRC METAFRAMEWORK 350 Checklists with 20,000+ Controls 5000 Automatic Evidence Collectors 1200 Atomic Control Objective Packets mapped 21. Contains Knowledge about Controls Why is the control important? How to implement? If NOT implemented to which threats am I susceptible? Where to learn more? 22. Why is the control important? How to implement? If NOT implemented to which threats am I susceptible? Where to learn more? Knowledge Base 23. Using Automatic Collectors 24. Risk Acceptance and Treatment People TechnologyProcessFacility ERP Order Entry Financial IT Department Sales Order Entry Financial IT Department Sales ERP Accept risk and communicate Unacceptable risk send to treatment 25. Final Results - Samples 26. Dashboard 27. Detailed Risk Report 28. Benefits in using GRC Automation Saves up to 25% project time due to automatic collectors, evidence storage and automatic report generation Evidence repository stores artifacts such as access permissions, cryptography and audit logs Management based on progress indicators Operational Risk Report that details each non-implemented controls associated risk level Role based access control Ease of common implementation across all GRC responsibilities Facilitates on-going compliance management Auditable repository Perpetual, Leased, Appliance or SaaS licenses 29. GRC Benefits 30. GRC SHOULD SERVE YOU YOU SHOULD NOT SERVE GRC 31. QUESTIONS ? 32. GRC The Way Forward James Finn MODULO [email protected] Rochester 703 336 3058