Governance Risk and Compliance Initiative
ScottMadden has worked with a number of organizations to improve security control and governance processes. Contact us to learn how we can help support your risk and compliance projects.
At a Glance
Security Assessment
Conducted security assessment of controls across application portfolio
Selection Assistance
Helped client source and select optimal governance, risk, and compliance (SGRC) tool by:
- Aligning requirements to vendor capabilities
- Developing evaluation criteria and scorecard
- Coordinating product testing with client and vendors
- Documenting and reviewing vendor selection
Improved Transparency
Improved risk transparency and decision-making ability for security leadership
Challenge
A southwest midsized utility that had recently undergone leadership changes desired to increase transparency into its security control and governance processes. Organization executives sought a way to eliminate information silos and achieve a full-scale view of system risks.
Process
- Proposed relevant security controls from industry best-practice IT frameworks
- Adapted and adjusted security control requirements to suit compliance needs
- Defined individual and business area ownership and scope of applicable security controls
- Aligned selected security control objectives with NIST cyber security framework
- Documented and reviewed comprehensive security control library
- Developed functional requirements for a governance, risk, and compliance (SGRC) tool based on best practices
- Aligned functional requirements to vendor capabilities within the market
- Developed evaluation criteria and scorecard to support vendor data collection
- Coordinated with targeted shortlist of vendors to conduct evaluations with key client stakeholders
- Consolidated final scores and reviewed comprehensive feedback with stakeholders
- Documented and reviewed final vendor selection
Result
- Documented finite set of customized security controls
- Conducted initial security assessment of controls across application portfolio
- Improved risk transparency and decision-making ability for security leadership
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Let’s Work Together
We don’t solve problems with canned methodologies; we help you solve the right problem in the right way. Our experience ensures that the solution works for you.