Business Optimization
Governance, Risk
And Compliance (GRC)
Ensuring Compliance and Security Through IT Governance
IT Governance ensures your organization meets the privacy and security standards required by your market, customers, and regulatory bodies. Discover how integrating IT Governance into your business can protect and strengthen your operations.
Gone are the days when you could set up IT security programs and move on to other tasks. Today, it’s essential to continually audit and stay up-to-date with evolving security practices to protect your business from potential incidents.
In the event of a breach, auditors from your cyber insurance company will demand evidence that you complied with all terms of your cyber risk insurance policy at the time of the incident. Failure to provide this documentation could result in fines from regulators and lawsuits from customers.
This is where IPS’s Governance and Compliance Manager comes in. Our solution helps you manage compliance with the IT requirements of any cyber risk insurance policy, offering built-in templates for the largest underwriters. If you need to create your own IT policy, you can easily clone existing templates or start from scratch.
Minimize Risk
Failing to prove compliance with your IT security policies during a breach could lead to fines and jeopardize your eligibility for cyber insurance payouts.
Strengthen Security
With threats around the clock, your business must stay in continuous compliance with security frameworks and be ready to provide immediate proof of your activities.
Instant Compliance Documentation
In the event of a breach, your team can access compliance documents within seconds.
Instant Compliance Documentation
In the event of a breach, your team can access compliance documents within seconds.
Organization’s With Compliance Manager GRC
- Top insurance company compliance templates built-in
- Plug and play
- Easy to automate key functions
- Delivers reporting required for CLI claim payouts
Vs.
Organization’s Without Compliance Manager GRC
- Invest hundreds of hours manually reviewing insurance compliance requirements
- Build your own framework
- Manually conduct reporting
- Lack essential reporting
At IPS, cybersecurity governance is at the core of our approach to protecting your organization. We’ve developed a robust four-step process to ensure your cybersecurity practices are comprehensive, well-structured, and aligned with industry standards. This process guides how we identify, analyze, treat, and manage risks, helping your organization maintain strong security governance and resilience. Here’s how our cybersecurity governance process works:
Risk Identification
In this initial phase, IPS evaluates and validates controls to identify vulnerabilities within your organization's information systems, networks, and data. We document the controls implemented to mitigate potential risks associated with these vulnerabilities, provide a preliminary compliance score, and deliver an external vulnerability scan report.
Risk Analysis
During the Risk Analysis phase, IPS assesses the identified vulnerabilities, evaluating the risks they pose to the relevant information and systems. We establish acceptable risk criteria, determine the likelihood and impact of potential threats, and create a formal risk register. At the conclusion of this phase, we provide an executive summary presentation and a detailed risk register, including a templated Plan of Action and Milestones (POAM).
Risk Treatment
In this phase, IPS populates the initial POAM for your organization and offers recommendations for mitigating risks to an acceptable level. The outcome provides your organization with a clear roadmap for establishing an effective information security program or meeting contractual obligations.
Risk Management
IPS assists your organization in ongoing risk management, helping to identify new risks and maintain compliance. We schedule regular counseling sessions to oversee risk management activities and provide guidance on maintaining your risk register and POAM. Our support includes ongoing program assurance, updates to the risk register, insights on industry compliance and security, and detailed reports for upper management and the ISMG.
Data Governance
Ensuring Data Integrity and Security Through Effective Governance
Data Governance is the framework that ensures your organization’s data is managed, used, and protected effectively. By setting clear policies, standards, and procedures, Data Governance enhances data quality, integrity, and security. It helps organizations comply with regulatory requirements, reduce risks, and ensure that data is accessible and reliable for decision-making. This comprehensive approach to managing data as a valuable asset enables better business outcomes and fosters a culture of accountability and transparency.
Artificial Intelligence Governance
Guiding AI Development with Compliance and Ethical Standards
Data & Artificial Intelligence (AI) Governance focuses on the ethical, responsible, and effective use of AI and data-driven technologies within an organization. It involves setting standards and policies that guide the development and deployment of AI systems, ensuring compliance with industry regulations and ethical guidelines. By adhering to these standards, organizations can ensure fairness, transparency, and accountability in their AI practices. Compliance is crucial to avoid legal issues, maintain public trust, and protect against potential biases and risks associated with AI technologies. This ensures that AI systems are developed and used responsibly, aligning with both regulatory requirements and societal expectations.
– Measure compliance against regulations and industry standards.
– Detect hidden risks and compliance violations in the office, with remote workers, and in the cloud.
– Manage and document adherence to any set of IT security requirements or controls.
– Protect your organization from business interruptions, compliance fines, lawsuits, and financial loss.
– Adapt to organizational changes and expansion.
– Generate accurate compliance documentation.
