A Case Study Explored:Increase Effectiveness While Lowering Operational Costs with IT GRC Management Implementation

Defining IT GRC

Successful IT GRC strategies deliver the ability to:

• Effectively Mitigate IT Risk

• Meet IT Compliance Requirements

• Satisfy Auditors

• Achieve Human and Financial Efficiency

• Meet Demands of Changing Business Environment

Defining IT GRC

The capability to reliably achieve IT objectives while addressing uncertainty and acting with integrity

RISK

Help them identify their risks, even as their organizations – and the nature of threats –continuously evolve

GOVERNANCE

Provide senior management with centralized visibility, documentation and control over risk and compliance –to effectively enforce security policies and support sound business practices

COMPLIANCE

Prescribe and implement the remedies that keep and prove compliance – automatically

IT GRC Complexity

IT departments currently use a reactive approach that is unsustainable and leads to:

• Higher costs

• The inability to align with the business

IT GRC Complexity

The Bottom Line

When organizations approach IT GRC in scattered silos of documents and disconnected solutions and processes, there is no possibility to be intelligent about IT GRC decisions that impact the broader organizations and its operations.

Case Study Deep Dive

How One Organization Achieved Value in IT GRC

The Situation:

A financial institution with 25 branches and nearly $2B in assets had:

• Decentralized processes and documentation

• Manual approaches for IT GRC management

• Disconnected technology solutions

The Solution:

The institution engaged and deployed TraceCSO from TraceSecurity

* Content within this slide can be found in the full GRC 20/20 case study, available for download athttp://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-grc.stml

TraceCSO – the market’s only complete cloud-based solution

• The only integrated, cloud-based platform that delivers a complete and effective IT GRC capability

• Automates any, or all, of the eight primary IT GRC functions

• Suitable for clients of any size

• Requires no capital investment

• Requires no dedicated security or compliance expertise

• It brings you compliance by default

Case Study Deep Dive

Case Study Deep Dive

The Results:

• TraceCSO became the foundation of their IT GRC processes and centralized information management

• Institution gained holistic visibility into their structure and processes for their information security and compliance management

• Eliminated redundancy and need for inter-office sending of physical and electronic documents

* Content within this slide can be found in the full GRC 20/20 case study, available for download athttp://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-grc.stml

Case Study Deep Dive

The Value of TraceCSO in this Institution:

• Delivered the ability to effectively mitigate risk, meet requirements, satisfy auditors, achieve human and financial efficiency, and meet the demands of a changing business environment.

1. Efficiency – Better Performance

2. Effectiveness – Less Costly

3. Agility – More Flexibility

* Content within this slide can be found in the full GRC 20/20 case study, available for download athttp://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-grc.stml

Case Study Deep Dive

1. Efficiency

• On average, reduced employee time dedicated to IT GRC management by 100 hours per week

• A 50% reduction in the number of steps needed to complete IT GRC processes

• Total costs savings across human and financial capital of $500,000 a year

• Removed three decentralized audit tools – saving the cost of owning and maintaining them

* Content within this slide can be found in the full GRC 20/20 case study, available for download athttp://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-grc.stml

Case Study Deep Dive

2. Effectiveness

• IT GRC became a part of day-to-day operations

• Complete Situational Awareness

• Comprehensive, Integrated and Streamlined IT GRC Platform

3. Agility

• Information Sharing

• Eliminated Planning Sessions

• Departmental Integration

• Continuous Situational Awareness

• On-Going IT GRC Program Management

* Content within this slide can be found in the full GRC 20/20 case study, available for download athttp://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-grc.stml

IT GRC Use Cases

Ways in Which Organizations Leverage IT GRC Management Technology

• IT Risk Management or Risk Assessment

• Compliance or Regulatory Change Management

• Compliance Assessments and Audits

• Audit Management

• Vendor or Third Party Management

• Incident Response Management

• Vulnerability Management (Scanning, Patching, etc.)

• Policy Development and Management

• User Awareness Training

Value of a Simplified IT GRC Solution

• The Trace Platform is a single point of data entry and correlation with integrated capabilities across all eight major IT GRC functions

• TraceCSO provides built-in information security expertise

• Automatically keeps you current and leverages a global database of regulations and citations

Download the accompanying case study and watch the webinar on-demand.