Case study: Standard Bank of South Africa

Organization: Standard Bank of South Africa
Industry sector: Banking
Head Office: South Africa
Employees: 46,000

Standard Bank of South Africa, the largest South African banking group ranked by assets and earnings, has been using Citicus ONE risk and compliance management software since its first delivery in 2000.

So far, Citicus ONE has been used to evaluate the criticality / risk posed by, and incidents that have affected, 500 business critical systems. As at end 2009, around 1,000 evaluations have been performed.

Standard Bank is currently looking into extending its implementation of Citicus ONE to meet AMA requirements.

Surendra Naidoo, the executive responsible for deploying Citicus ONE in Standard Bank in 2000 says:

“Citicus ONE helps us to identify important business applications and to apply appropriate levels of protection to them. It also helps us ensure that information security practices are consistently applied to installations that process our business information”.

For further information see Operational Risk & Compliance magazine's January 2010 cover story entitled Coming of age about how our oldest customer's approach to managing risk has helped them weather the credit storm well.