How your organisation establishes, maintains and monitors it’s approach to security will depend on the industry it operates in as well as the level of risk tolerance. This means maintaining an information security capability commensurate with the expected security vulnerabilities and threats.
Even industries outside of financial services have experienced an increase in regulatory scrutiny, such as critical infrastructure with the introduction of the SOCI act in 2018.
Your enterprise GRC program should be focused on the following business outcomes:
Improved Audit Compliance – Improved adherence to regulations, reducing the risk of legal penalties. This can be done on a continuous basis, with automation and interactive dashboards which reduces the effort required during manual external audits as you don’t need to search to provide evidence.
Decision Making – Aligning governance processes with business goals supports better decision-making. Improved instrumentation and visibility provide up to date information on security posture, meaning any risk decisions that need to be made can be more informed, with latest data available.
Accelerate Project Security Assurance – Instrumentation and design guardrails provides projects a clear path for security design approval, rather than relying on a manual process that is applied inconsistently and heavily depends on the knowledge of the individual security architect. Automation can take care of the routine checks and balances, freeing up expensive resources to work on higher value tasks.
Operational Resilience – Focusing on and solving the problems that really matter – the important risks to the business – strengthens the organization’s ability to withstand and recover from cyber disruptions.
Reputation Management – Enhancing the company’s reputation with regulators and customers by demonstrating a commitment to compliance and ethical practices.
We have a number of services where we can provide assistance:
Policies and Standards Development – We can help you customise and refresh your enterprise security policies and security technical standards for your on-prem or cloud environments to more accurately represent your risk appetite.
Automated Security Assurance – We can improve your existing assurance processes and technology, automating and accelerating the security assurance function. This moves away from a point-in-time assessment and towards a continuous, automated process with real time reporting using tools such as Cloud Native Application Protection Platform (CNAPP). This accelerates your development velocity and decreases your cost per release, unlocking security at the speed of business.
Regulatory Compliance – A properly configured posture management system will enable organisations to instantly check for regulatory compliance against several standard frameworks – making external audits a breeze. We can configure and tune your posture management solution to report on the findings that are important to your business, ensuring the security team don’t get alert fatigue.
Improve Operational Efficiency – If your organisation is not ready for automation just yet, that’s okay. We’ve worked at enough places to know what works and what doesn’t, and we can assist with building new, more efficient processes focused on the things that matter.
IS270001 / SOCI / APRA / IRAP Compliance Preparation – We’re not an external auditor (but we work with companies that are), however if you want to get a feel for where you’re currently sitting and what you need to remediate before the real auditors arrive, we can certainly help.
Continuous Threat Exposure Management (CTEM) – Do you have a proliferation of vulnerabilities and don’t know where to start? Traditionally, teams use the CVSS rating to priotitise what vulnerabilities to tackle first, but with a massive increase in the number of CVEs published each year, this is becoming impossible to manage. A better approach is a continuous process that looks at the attack surface and assesses each new vulnerability in the context of it’s exploitability – but relevant to your environment. It’s then possible to derive a risk rating which can be completely different to the CVSS score and it’s that risk rating that should drive your organisations focus.
