Reduce Your Total Cost of Compliance and Manage the IT Risk That Matters Most with a Comprehensive IT-GRC Solution.

IT Risk and Compliance Business Drivers & Challenges

In today’s highly regulated business environment, many organizations are struggling with the rising cost of achieving compliance and the growing audit burden.

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A multitude of internal and external requirements, including but not limited to PCI, HIPAA, NERC, FISMA, SOX  and frameworks such as COBIT and ISO27002, are addressed within organizational silos, leading to redundant workflows and an inefficient allocation of resources. Data gathering for audits is often performed manually, with survey results captured in numerous disjointed spreadsheets creating errors and higher costs for every audit. To compensate for the lack of compliance understanding and visibility across the organization, expensive third-party consulting resources are often used to gather compliance information and suggest control requirements.

The result is a projected spend of 30 to 50 percent more on compliance than what is necessary1. And many organizations still don’t know how compliant they really are. A recent survey found that 43 percent of existing access rights were either excessive or should have been retired 2.

To demonstrate compliance and stay competitive in this business environment, organizations should leverage an IT-GRC software solution that centralizes, streamlines and automates their compliance and IT risk management workflows.

Overview

Lumension® Compliance and IT Risk Management, comprised of Lumension® Risk Manager and Lumension® Enterprise Reporting, automates the compliance and IT risk management workflow to reduce the cost of supporting numerous compliance requirements. The Lumension solution ensures that IT risks are prioritized by their potential impact on the business. Key capabilities include risk profiling of IT assets and business interests, use of the Unified Compliance Framework (UCF), which harmonizes IT controls across numerous compliance mandates, automated assessment of technical, physical and procedural controls, and continuous monitoring and reporting to satisfy a diverse IT risk and compliance audience.

By enabling you to intelligently understand and manage your IT risk exposure, optimize IT resources, and ensure the proper measurement against regulations and corporate governance requirements Lumension Compliance and IT Risk Management helps you demonstrate value to the bottom line.

With Lumension Compliance and IT Risk Management, you can:

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  • 1. Identify: Identify the criticality of IT assets and their role in the support of key business processes, and associate IT risk with those key resources.
  • 2. Assess: Assess your technical and procedural controls for compliance using interfaces to Lumension and third-party tools and conduct non-technical Web-based surveys.
  • 3. Remediate: Prioritize and address technical and procedural control deficiencies, assign and track status of remediation projects.
  • 4. Manage: Create operational and strategic visibility compliance and IT risk posture across the organization. across compliance, IT risk and control environments with role-based and dashboard reporting.
Sources:
  1. IT Policy Compliance, Managing Spend on Information Security and Audit for Better Results, February 2009
  2. Forrester, Enterprise Management Associates Survey of IT Governance Risk & Control, 2008