OCTALOGIK Governance, Risk and Compliance (GRC) integrated services range helps clients tackle the broad issues of corporate governance, enterprise risk management, and effective corporate compliance, while offering specialized assistance in key areas. As new laws and regulations are introduced, their requirements challenge boards to greater levels of transparency, objectivity and professionalism. Therefore, each organization should identify, remediate, monitor, exploit and manage enterprise risks by improving its GRC effectiveness.

The basis of the GRC framework is that accomplishing business objectives requires an integrated approach that effectively aligns business goals and objectives with risk management, compliance, and ethical conduct. The GRC FRAMEWORK outlines a five-step process for avoiding the negative consequences of poorly managed governance, risk, and compliance:

Commit: Obtain buy-in and commitment to integrated capabilities from all relevant stakeholders.
Plan: Use the GRC capability model to understand the current state of GRC within your organization, define a future goal state, establish roles and responsibilities, develop and synchronize capability processes, and define an approach for measuring results.
Do: Implement the GRC plan through a controlled change management process, ensuring effective communication with employees and stakeholders about new expectations.
Check: Evaluate the performance of new GRC processes and capabilities against objectives to determine whether new changes are having the intended results.
Act: Work to improve GRC processes and capabilities based on the result of ongoing evaluations.
Our skilled experts help the companies assess and quantify the IT security risks they face by describing and managing security risks in the context of their business. We work closely with internal teams to develop and implement security strategies and roadmaps to reduce the risks that have been assessed and reinforce the companies capabilities to build and manage risk programs and provide insight, reporting and ongoing status of risks. Our company provides a clear outline of the leadership and operation of an enterprise’s IT infrastructure, aligning it with the organization’s strategic business’s goals, by which leaders can assess the effectiveness of the GRC framework.

Cybersecurity governance is now a required essential for any organization due to increasing demand for mitigating security risks, compliance with security mandates, and managing the efforts. It is essential for an organization to be transparent, accountable, and socially responsible, because trust is the key to all customers, stakeholders and citizens. Sound corporate governance practices can protect directors from potential personal liability and protect the company from reputational harm. It helps to improve board effectiveness, to set the right tone and make effective decisions and assess and implement ethics programs, training, change management, anti-fraud programs and monitoring or reporting. We help design security governance frameworks and define information security policies and cybersecurity metrics for CISO onboarding.

Security management program: Information security framework is the first core element of any information security management program and governance service. Our team consult organizations in defining the framework for establishing an information security management program. This will allow companies to identify information security objectives and ensure alignment with business objectives. We are able to understand the organization environment and information systems types, in order to offer our knowledge and expertise for identifying organizational roles, responsibilities, authorities, and assignment of security responsibilities. We can help you efficiently integrate cybersecurity technologies into your business, manage them to deliver continuous operational improvements and increase return on your investments.

We manage RISK IN CYBERSECURITY in a cost efficient manner and help identify appropriate mitigation strategies and solutions that prompts informed decision making. Our four pillars for risk management are:

Threat management: The organisations that respond and recover most quickly and successfully are those that have prepared in advance and have the expertise and structure to guide them through such exceptional circumstances. We can provide you support to develop and institutionalise a resilient threat and vulnerability management program and help you prepare for and respond to a cyber incident, helping to ensure business continuity while any recovery efforts take place.

Critical infrastructure security baselining: We focus on end-to-end hardware and software safety of industrial control systems, by tailoring the cyber security solution using the right blend of network expertise, certified software, and rugged hardware. We help you identify system vulnerabilities, quantify the risk level of these vulnerabilities and conduct annual cyber risk assessments.

Vendor risk management: We integrate and link the vendor risk management with enterprise risk management and design and outline how organizations should test and gain assurance of vendor performance and how the vendor will be able to ensure the organization regulatory compliance and not expose customer data in security breaches.

Risk assessment: Our team has expertise in undertaking mapping of Inherent Risk Profile and Cybersecurity Maturity Modelling. Therefore, the institution’s inherent risk is identified before implementing controls. The Cybersecurity Maturity includes domains, assessment factors, components, and individual declarative statements across maturity levels to identify specific controls and practices that are in place.

Octalogik offers a full range of integrated control, COMPLIANCE, and certification capabilities across all sectors, as more and more organizations look to the alignment of their compliance activities, and their digital enablement.

Compliance program design and control testing: Controls are a fundamental element within Compliance Risk Management and the key to reducing risks is correct execution of controls. Limited resources and cost reductions lead to Compliance Risk Management facing a bigger challenge to include new requirements in their control framework and processes. The traditional approach to compliance control testing offers too few opportunities to add value, resulting in a “tick the box” exercise with high fixed costs, lack of flexibility and the risk of inconsistent quality. We have an innovative approach to help take the guess work out of managing cybersecurity risk and compliance – all with proven technology, techniques, complete visibility, and ongoing expert support.

Compliance monitoring, assessment, and effectiveness: Effective Compliance Monitoring should provide the board with more robust assurance and demonstrate that the risks are being proactively managed. It should also give confidence that where there is non-adherence, issues are proactively identified and appropriately escalated and managed. Our team strategy is using a process that identify relevant regulatory requirements and controls, conduct a risk assessment, produce and approve a CMP, undertake testing, report and oversee remedial action.