Implementing Citicus ONE will equip your enterprise to take a major step forward in managing information risk and other areas of operational risk in an efficient, consistent, continuous and business oriented manner across your enterprise.
Specifically, our proven, award-winning system will help you to:
- Identify the current status of information risk and supplier risk across your enterprise – two of the largest and fastest growing components of operational risk.
- Apply the same approach to any other area operational risk, giving you the ability to aggregate and compare different areas of risk.
- Identify information resource and other assets, entities, processes and/or activities that pose a risk to your enterprise, and rank them according to their criticality to your enterprise.
- Discover their business ‘owners’ and resolve weaknesses in ownership (eg multiple owners, ownership vested in people who are too senior, too junior or have the wrong expertise).
- Highlight risk dependencies between key assets, entities, processes and/or activities; and identify pinch points in the risk chain.
- Evaluate the risk status of the assets, entities, processes and/or activities that are most critical to your enterprise.
- Establish a factually-based, continuing risk and compliance management process.
- Equip business ‘owners’ of particular assets, entities, processes and/or activities with the means to identify the factors that make risk so high and to manage remediation of these.
- Focus attention on areas where risk is unacceptably high.
- Motivate all involved to drive risk down to an acceptable level.
- Maximise the effectiveness of controls, by achieving a 'good, all-round level of protection' and compliance with corporate policies, standards and regulatory obligations.
- Achieve demonstrable savings, that improve your enterprise’s bottom line (eg through reducing the number of incidents suffered, their business impact and the wastage caused by exaggerated assessments of criticality (these are so common as to be almost the norm and often lead to assets being given exaggerated levels of service / protection).
- Drive down the number of incidents suffered by your enterprise (ie ones leading to a loss of the confidentiality, integrity or availability of information; the quality, cost or delivery of supplied services or the value, performance and continuity of other assets, processes or activities).
- Measurably reduce the probability of suffering major incidents.
- Quantify the 'cost of insecurity', thereby helping to work out the return on investment (RoI) of security / risk reduction initiatives.
- Demonstrate good corporate governance to stakeholders (eg investors, regulators, the public) by implementing a best of breed approach to managing key areas of operational risk.
- Embed an approach to risk and compliance management that treads lightly on your enterprise yet yields results that practical people find useful and can rely on.