The document discusses FixNix's GRC suite of 17 products and how it can add value through process automation, collaboration, consistent processes, resource utilization, and comprehensive visibility. It then discusses challenges faced in compliance processes like lack of role-based views and difficulty sharing risks/controls. The document outlines FixNix's asset management capabilities including ISO, ITIL, and CMDB workflows. It provides details on the asset management lifecycle including registry/inventory, assessment/evaluation, action, and review phases.
A contingency plan is:
“A plan for emergency response, backup operations, and post-disaster recovery maintained by an activity as a part of its security program that will ensure the availability of critical resources and facilitate the continuity of operations in an emergency situation…”
(National Computer Security Center 1988)
Lecture 16 internal control - james a. hall book chapter 3Habib Ullah Qamar
We started with the need of Internal Control and then What is internal Control and its Objectives of Internal control System.
Assumptions of ICS,Exposures and risks,PDC Model
SOX provision and annual Report
Effective Internal Controls (Annotated) by @EricPesikEric Pesik
Instilling good governance and ensuring full compliance with an effective internal control program. Presented at Corruption and Compliance South & South East Asia Summit, September 2012, Hilton Hotel, Singapore.
A contingency plan is:
“A plan for emergency response, backup operations, and post-disaster recovery maintained by an activity as a part of its security program that will ensure the availability of critical resources and facilitate the continuity of operations in an emergency situation…”
(National Computer Security Center 1988)
Lecture 16 internal control - james a. hall book chapter 3Habib Ullah Qamar
We started with the need of Internal Control and then What is internal Control and its Objectives of Internal control System.
Assumptions of ICS,Exposures and risks,PDC Model
SOX provision and annual Report
Effective Internal Controls (Annotated) by @EricPesikEric Pesik
Instilling good governance and ensuring full compliance with an effective internal control program. Presented at Corruption and Compliance South & South East Asia Summit, September 2012, Hilton Hotel, Singapore.
Do you have an incident response plan to cover disasters, cyber-attacks, and other threats to your organization? How confident are you that it will work in a real-world situation? While simply having a plan will help you check the box on the audit, it doesn't guarantee effectiveness in a real situation. Assessing your incident response plans through fire drills, desk top exercises, functional scenarios, and full scale exercises will help your organization truly validate the effectiveness of the plan.
IR assessments are meant to:
- Evaluate plans, policies, and procedures
- Find weaknesses in the plan and gaps in resources
- Improve coordination and communication internally and externally
- Define and validate roles and responsibilities
- Train personnel in their roles and responsibilities
This webinar will provide practical steps for assessing your organization's plans and demonstrate ways to improve them through a methodical and proven approach. After all, whether they're big or small, internal or external, in most any organization incidents occur. Complete plans that have been tested, backed by trained resources and thorough communication, are the proven recipe to minimize the impact of incidents when they occur.
Our featured speakers for this webinar will be:
- Ted Julian, Chief Marketing Officer, Co3 Systems
- Richard White, Security Intelligence and Operations Principal, HP Enterprise Security Products
Do you have an incident response plan to cover disasters, cyber-attacks, and other threats to your organization? How confident are you that it will work in a real-world situation? While simply having a plan will help you check the box on the audit, it doesn't guarantee effectiveness in a real situation. Assessing your incident response plans through fire drills, desk top exercises, functional scenarios, and full scale exercises will help your organization truly validate the effectiveness of the plan.
IR assessments are meant to:
- Evaluate plans, policies, and procedures
- Find weaknesses in the plan and gaps in resources
- Improve coordination and communication internally and externally
- Define and validate roles and responsibilities
- Train personnel in their roles and responsibilities
This webinar will provide practical steps for assessing your organization's plans and demonstrate ways to improve them through a methodical and proven approach. After all, whether they're big or small, internal or external, in most any organization incidents occur. Complete plans that have been tested, backed by trained resources and thorough communication, are the proven recipe to minimize the impact of incidents when they occur.
Our featured speakers for this webinar will be:
- Ted Julian, Chief Marketing Officer, Co3 Systems
- Richard White, Security Intelligence and Operations Principal, HP Enterprise Security Products
The webinar covers:
• Three types of approach for auditing
• What documents should be reviewed for the document review?
• What are the typical contents of final audit report?
Presenter:
This webinar was presented by George Ogoti, Managing Director of MMCAFRICA and PECB Certified Trainer.
Link of the recorded session published on YouTube: https://youtu.be/JGxchn37jSA
Implementing Asset Management System with ISO 55001PECB
Over the past several years, the asset management industry has fundamentally changed shape, it is critically more important than ever before. ISO 55000 defines Asset management as the "coordinated activity of an organization to realize value from assets". In turn, Assets are defined as follows: "An asset is an item, thing or entity that has potential or actual value to an organization". This webinar explores ISO 55001 and Asset Lifecycle Management. Moreover, the webinars gives a brief introduction of the six elements into which ISO 55001 divides asset management system.
Main points covered:
• Explore ISO 55001
• Asset Lifecycle Management
• Explore the concept behind information Assets
• Who is an Asset Manager and what the responsibilities of an Asset Manager are
Presenter:
Orlando Olumide Odejide is a PECB Certified Trainer. He is an experienced Enterprise Architect and Programme Director working on various technology solutions for client in the Financial Services, Manufacturing and Public Sectors.
Link of the recorded session published on YouTube: https://youtu.be/hYaNNwQK1Ns
Segregation of duties in SAP @ ISACA Pune presentation on 18.4.2015 CA CISA Jayjit Biswas
SOD conflict mitigation is a complex subject considering present manpower constraints and lack of technical understanding of core SAP domain. It is a mix of BPR and Technology together where process as well as IT knowledge is must to encounter this specialized area.
Privacy & Security Controls In Vendor Management Al Raymondspencerharry
Discussion of controls in place at vendors both locally and remotely to ensure that privacy and confidentiality of customer data is given top priority.
Discussion of the audit and oversight program in place to ensure above
The tasks You are assumed to be one of the software consultants .docxsarah98765
The tasks
You are assumed to be one of the software consultants appointed to shoulder the system analysis responsibilities in, the project outlined in, the case study. You will plan and manage the project as well as investigate and document its system requirements. You will produce a report that discusses this project based on your understanding of it and the related investigation results through the tasks below.
Task 1:
Approaches to Systems Development • How would you go about developing Hospital Information System? Compare different Software Development approaches to consider the best suited for developing HIS. • Justify the choice of your selected approach to systems development.
Task 2: Systems Requirements • What are the primary functional requirements for the system in the case study? List and discuss
Length: 2000 words
these requirements. • What are the non-functional requirements for the system in the case study? List and discuss these non-functional requirements. Justify the choice of your non-functional requirements
Task 3: Project Cost Benefit Analysis • Discuss your project Cost Benefit Analysis (CBA). CBA should focus the following two main points: a. To determine if an investment (or decision) is sound, ascertaining if – and by how much – its benefits outweigh its costs; and b. To provide a basis for comparing investments (or decisions), comparing the total expected cost of each option with its total expected benefits. • Provide an excel spread sheet with details in a Project Cost Benefit Analysis.
Task 4:) Project Schedule • Show a work breakdown structure and a project schedule as a Gantt Chart. Explain both of them and discuss how they relate to each other.
• Given the system goals, requirements, and scope as they are currently understood, is the project schedule reasonable? Why or why not?
Task 5: System Information Requirement Investigation Techniques • Who are the stakeholders involved? • Explain your choice of the 3 most useful investigation techniques. • Justify the usefulness of these 3 investigation techniques.
Information Systems Analysis and Design
Assessment - Systems Development
Lecturer: Lecturer Name
Tutor: Tutor Name
Prepared by:
Student Name
Student Number
Table of Contents (TOC)
Insert a word generated table of contents here
How to create a table of contents in Microsoft Word
1. Apply the built-in Heading styles to the headings in your text.
2. In Word 2007 and Word 2010: References > Table of Contents > choose an option from the menu.
1. Introduction
Add your contents here.
Note: In this section, you provide a clear definition of the aims of this report. You also identify the project objectives. Explain all findings in the reporting document.
2. Approach to Systems Development
Please add your contents here. There are many approaches to Systems development such as Water fall SDLC, Agile, RAD JAD. etc. You need to clearly explain which .
Using Modelling and Simulation for Policy Decision Support in Identity Manage...gueste4e93e3
The process of making IT (security) policy decisions, within organizations, is complex: it involves reaching consensus between a set of stakeholders (key decision makers, e.g. CISOs/CIOs, domain experts, etc.) who might have different views, opinions and biased perceptions of how policies need to be shaped. This involves multiple negotiations and interactions between stakeholders. This suggests two roles for policy decision support tools and methods: firstly to help an individual stakeholder test and refine their understanding of the situation and, secondly, to support the formation of consensus by helping stakeholders to share their assumptions and conclusions. We argue that an approach based on modeling and simulation can help with both these aspects, moreover we show that it is possible to integrate the assumptions made so that they can be directly contrasted and discussed. We consider, as a significant example, an Identity and Access Management (IAM) scenario: we focus on the provisioning process of user accounts on enterprise applications and services, a key IAM feature that has an impact on security, compliance and business outcomes. Whilst security and compliance experts might worry that ineffective policies for provisioning could fuel security and legal threats, business experts might be against policies that dictate overly strong or bureaucratic processes as they could have a negative impact on productivity. We explore the associated policy decision making process from these different perspectives and show how our systems modeling approach can provide consistent or comparable data, explanations, “what-if” predictions and analysis at different levels of abstractions. We discuss the implications that this has on the actual IT (security) policy decision making process.
We are FixNix, born on a vision to democratize the Governance, Risk and Compliance(GRC) vertical. GRC is a very niche area and there are very few companies doing this in market. Within one year of inception, we have cracked Microsoft Bizspark Challenge and IEEE Best Cloud Startup awards.
We master in developing mature and tailored GRC solutions and offer them as a SaaS model. We have launched our product before 6 months and we are successful by achieving enterprise clients like Cipla, Mphasis, GMR, E&Y with on-premise deployments and a couple of SMBs with SaaS sign ups.
Cyaniclab : Software Development Agency Portfolio.pdfCyanic lab
CyanicLab, an offshore custom software development company based in Sweden,India, Finland, is your go-to partner for startup development and innovative web design solutions. Our expert team specializes in crafting cutting-edge software tailored to meet the unique needs of startups and established enterprises alike. From conceptualization to execution, we offer comprehensive services including web and mobile app development, UI/UX design, and ongoing software maintenance. Ready to elevate your business? Contact CyanicLab today and let us propel your vision to success with our top-notch IT solutions.
How to Position Your Globus Data Portal for Success Ten Good PracticesGlobus
Science gateways allow science and engineering communities to access shared data, software, computing services, and instruments. Science gateways have gained a lot of traction in the last twenty years, as evidenced by projects such as the Science Gateways Community Institute (SGCI) and the Center of Excellence on Science Gateways (SGX3) in the US, The Australian Research Data Commons (ARDC) and its platforms in Australia, and the projects around Virtual Research Environments in Europe. A few mature frameworks have evolved with their different strengths and foci and have been taken up by a larger community such as the Globus Data Portal, Hubzero, Tapis, and Galaxy. However, even when gateways are built on successful frameworks, they continue to face the challenges of ongoing maintenance costs and how to meet the ever-expanding needs of the community they serve with enhanced features. It is not uncommon that gateways with compelling use cases are nonetheless unable to get past the prototype phase and become a full production service, or if they do, they don't survive more than a couple of years. While there is no guaranteed pathway to success, it seems likely that for any gateway there is a need for a strong community and/or solid funding streams to create and sustain its success. With over twenty years of examples to draw from, this presentation goes into detail for ten factors common to successful and enduring gateways that effectively serve as best practices for any new or developing gateway.
A Comprehensive Look at Generative AI in Retail App Testing.pdfkalichargn70th171
Traditional software testing methods are being challenged in retail, where customer expectations and technological advancements continually shape the landscape. Enter generative AI—a transformative subset of artificial intelligence technologies poised to revolutionize software testing.
SOCRadar Research Team: Latest Activities of IntelBrokerSOCRadar
The European Union Agency for Law Enforcement Cooperation (Europol) has suffered an alleged data breach after a notorious threat actor claimed to have exfiltrated data from its systems. Infamous data leaker IntelBroker posted on the even more infamous BreachForums hacking forum, saying that Europol suffered a data breach this month.
The alleged breach affected Europol agencies CCSE, EC3, Europol Platform for Experts, Law Enforcement Forum, and SIRIUS. Infiltration of these entities can disrupt ongoing investigations and compromise sensitive intelligence shared among international law enforcement agencies.
However, this is neither the first nor the last activity of IntekBroker. We have compiled for you what happened in the last few days. To track such hacker activities on dark web sources like hacker forums, private Telegram channels, and other hidden platforms where cyber threats often originate, you can check SOCRadar’s Dark Web News.
Stay Informed on Threat Actors’ Activity on the Dark Web with SOCRadar!
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...Juraj Vysvader
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I didn't get rich from it but it did have 63K downloads (powered possible tens of thousands of websites).
In software engineering, the right architecture is essential for robust, scalable platforms. Wix has undergone a pivotal shift from event sourcing to a CRUD-based model for its microservices. This talk will chart the course of this pivotal journey.
Event sourcing, which records state changes as immutable events, provided robust auditing and "time travel" debugging for Wix Stores' microservices. Despite its benefits, the complexity it introduced in state management slowed development. Wix responded by adopting a simpler, unified CRUD model. This talk will explore the challenges of event sourcing and the advantages of Wix's new "CRUD on steroids" approach, which streamlines API integration and domain event management while preserving data integrity and system resilience.
Participants will gain valuable insights into Wix's strategies for ensuring atomicity in database updates and event production, as well as caching, materialization, and performance optimization techniques within a distributed system.
Join us to discover how Wix has mastered the art of balancing simplicity and extensibility, and learn how the re-adoption of the modest CRUD has turbocharged their development velocity, resilience, and scalability in a high-growth environment.
Gamify Your Mind; The Secret Sauce to Delivering Success, Continuously Improv...Shahin Sheidaei
Games are powerful teaching tools, fostering hands-on engagement and fun. But they require careful consideration to succeed. Join me to explore factors in running and selecting games, ensuring they serve as effective teaching tools. Learn to maintain focus on learning objectives while playing, and how to measure the ROI of gaming in education. Discover strategies for pitching gaming to leadership. This session offers insights, tips, and examples for coaches, team leads, and enterprise leaders seeking to teach from simple to complex concepts.
Into the Box Keynote Day 2: Unveiling amazing updates and announcements for modern CFML developers! Get ready for exciting releases and updates on Ortus tools and products. Stay tuned for cutting-edge innovations designed to boost your productivity.
Paketo Buildpacks : la meilleure façon de construire des images OCI? DevopsDa...Anthony Dahanne
Les Buildpacks existent depuis plus de 10 ans ! D’abord, ils étaient utilisés pour détecter et construire une application avant de la déployer sur certains PaaS. Ensuite, nous avons pu créer des images Docker (OCI) avec leur dernière génération, les Cloud Native Buildpacks (CNCF en incubation). Sont-ils une bonne alternative au Dockerfile ? Que sont les buildpacks Paketo ? Quelles communautés les soutiennent et comment ?
Venez le découvrir lors de cette session ignite
Field Employee Tracking System| MiTrack App| Best Employee Tracking Solution|...informapgpstrackings
Keep tabs on your field staff effortlessly with Informap Technology Centre LLC. Real-time tracking, task assignment, and smart features for efficient management. Request a live demo today!
For more details, visit us : https://informapuae.com/field-staff-tracking/
OpenFOAM solver for Helmholtz equation, helmholtzFoam / helmholtzBubbleFoamtakuyayamamoto1800
In this slide, we show the simulation example and the way to compile this solver.
In this solver, the Helmholtz equation can be solved by helmholtzFoam. Also, the Helmholtz equation with uniformly dispersed bubbles can be simulated by helmholtzBubbleFoam.
TROUBLESHOOTING 9 TYPES OF OUTOFMEMORYERRORTier1 app
Even though at surface level ‘java.lang.OutOfMemoryError’ appears as one single error; underlyingly there are 9 types of OutOfMemoryError. Each type of OutOfMemoryError has different causes, diagnosis approaches and solutions. This session equips you with the knowledge, tools, and techniques needed to troubleshoot and conquer OutOfMemoryError in all its forms, ensuring smoother, more efficient Java applications.
Custom Healthcare Software for Managing Chronic Conditions and Remote Patient...Mind IT Systems
Healthcare providers often struggle with the complexities of chronic conditions and remote patient monitoring, as each patient requires personalized care and ongoing monitoring. Off-the-shelf solutions may not meet these diverse needs, leading to inefficiencies and gaps in care. It’s here, custom healthcare software offers a tailored solution, ensuring improved care and effectiveness.
Listen to the keynote address and hear about the latest developments from Rachana Ananthakrishnan and Ian Foster who review the updates to the Globus Platform and Service, and the relevance of Globus to the scientific community as an automation platform to accelerate scientific discovery.
Enhancing Project Management Efficiency_ Leveraging AI Tools like ChatGPT.pdfJay Das
With the advent of artificial intelligence or AI tools, project management processes are undergoing a transformative shift. By using tools like ChatGPT, and Bard organizations can empower their leaders and managers to plan, execute, and monitor projects more effectively.
2. How FixNix add value?
•Process Automation: By automating
the compliance management
processes the organization will
dramatically reduce the time being
spent by staff members, line
managers, and senior managers on
risk and compliance related activities.
•Collaboration: Employees are able to
carry out team activities in a
productive manner with the
collaborative environment that FixNix
provides.
•Consistent Process: FixNix enforces a
consistent process across the enterprise,
eliminating any deviations and error
eliminating the cost and time associated with
repeated processes and multiple checks.
•Resource Utilization:With the entire
compliance process streamlined and
automated with the FixNix solution, the
organization can better utilize its resources.
•Comprehensive Visibility: Comprehensive
visibility provided by FixNix has lowered the
risk of non-compliance and executives can be
assured of higher customer and investor
confidence.
3. Enable Federated organizational
structure and leverage
technology for sustainability,
consistency, efficiency and
transparency across this
organizational architecture.
Managing documentation, risk,
controls and reporting of internal
controls having a number of
limitations
Challenges faced by industry in Compliance process
4. The system lacked role-based views, making it difficult for stakeholders such as executives to use the system.
•There was no easy way to share risks
and controls between processes in the
system. As a result, the compliance
teams ended up having to define a
number of redundant controls in their
existing system. This redundancy
made change management very
challenging.
•The system lacked document
management and change reporting
capabilities. Although current versions
were readily available, comparison of
controls and documents to prior
periods was completely manual and it
was difficult to implement strict
access control or deploy a streamlined
process for change management.
5. FixNix Asset Management can cater the needs of
•ISO Asset Management Workflows
•ITIL Asset Management
•Maintaining CMDB
•Asset Gap Analysis and Asset Protection Platform
8. Asset Registry / Inventory Phase
•This phase mainly involves the creation of assets.
•You are prompted to provide the following properties for any asset
creation.
Physical Properties(like IP, MAC, asset sub type etc.,)
Security Properties(like C/I/A values etc)
Assignment Properties(like asset custodian, owner, user,
current location etc)
Current level of protection
(You can alternately use the import feature for bulk addition of any
kind of asset.)
9. Type of Assets you can maintain with FixNix
Asset Registry
•Information Assets
•Computer / Servers
•Source Code Assets
•Service Assets
•Mobile Assets
•Document Assets
•Miscellaneous (Coffee Machine, Printers & any other
Consumable Assets)
•Vehicle Assets
17. Assessment / Evaluation Phase
The evaluator / CIO needs to understand the current level of
protection and is responsible for defining the controls in the
below classifications.
•Labelling
•Transport / Transmission
•Addressing
•Storage
•Disposal
21. Action Phase – Custodian Role
Custodian is responsible for implementing the controls that
are recommended by evaluator/CIO and needs to describe the
action statements taken by him and is responsible for
providing the evidence documents.
22. Action Phase – Owner Role
Owner is responsible for defining fair usage policies and he
needs to communicate it with all the asset users. He needs to
get acknowledgement from all the asset users that they have
understood and accepted the policies.
25. Review Phase
The evaluator needs to review to the actions taken by
custodian and owner. Reviewer is supposed to take a decision
on the actions and he needs to define a closure statement and
a next review date
28. •Definition of Whistle-
Blowing
One who reveals wrong-doing within an
organization to the public or to those in positions of
authority.
One who discloses information about misconduct in
their workplace that they feel violates the law or
endangers the welfare of others.
One who speaks out, typically to expose corruption
or dangers to the public or environment.
29. •Types of Whistle-Blowing
•Internal Whistle-Blowing
When an individual
advocates beliefs or
revelations within the
organization.
•External Whistle-
Blowing
When and individual
advocates beliefs or
revelations outside the
organization.
30. •Stages of Whistle-
Blowing
Mainly three stages of whistle blowing given below
1.Blow the whistle
2.View Status
3.Evaluator Login
31. •Blow the Whistle
Blow the Whistle
Here we should mention what type of whistle and
to whom you want send complaint whistle.
Requester Information
Details description of whistle complaint and what is
your idea to solve the problem.
Submission
Rules and regulation about whistle
32. •Blow the Whistle
Blow the Whistle
Here we should mention what type of whistle and
to whom you want send complaint whistle.
Requester Information
Details description of whistle complaint and what is
your idea to solve the problem.
Submission
Rules and regulation about whistle
33. •Requester Information
Blow the Whistle
Here we should mention what type of whistle and
to whom you want send complaint whistle.
Requester Information
Details description of whistle complaint and what is
your idea to solve the problem.
Submission
Rules and regulation about whistle
34. •Requester Information
Blow the Whistle
Here we should mention what type of whistle and
to whom you want send complaint whistle.
Requester Information
Details description of whistle complaint and what is
your idea to solve the problem.
Submission
Rules and regulation about whistle
35. •Submission
lHere only mentioned all rules and regulation of
whistle complaint.
l1.First each person should accept the rules and
regulations
l2.Then person can file a whistle
37. View status
A person who informs on a person or organization
regarded as engaging in an unlawful or immoral
activity. Person can check given below
Person can check status of whistle complaint
Person can add comment and send mail to
authority person.
Person can check the entered information
40. Evaluator Login
lEvaluator can do following things are
lEvaluator can view the whistle complaints
lEvaluator can give solution to particular problem
lEvaluator can chat to person
lEvaluator can update the status of whistle complaint
42. Analyzing the Resources:
The analysis phase consists of impact analysis, threat analysis and
impact scenarios for Resources. If impact is Critical, two values are
assigned:
Recovery Point Objective (RPO) – the acceptable latency of data
that will not be recovered
Recovery Time Objective (RTO) – the acceptable amount of time to
restore the function
The recovery time objective must ensure that the Maximum Tolerable
Period of Disruption (MTPoD) for each activity is not exceeded.
43.
44.
45.
46. Business Plan:
These phase identifies the most cost-effective disaster recovery solution
that meets two main requirements from the impact analysis stage.
Analysing the Operating Expenses(OPEX) and Capital
Expenditure(CAPEX) for the designing Business Plan.
47.
48.
49. Implementation:
These Stage defines whether the Business Plan is Implemented or
not. Any Queries/Actions need to take?
The implementation phase involves policy changes, material
acquisitions, staffing and testing.
50.
51. Acceptance and Testing:
The purpose of testing is to achieve organizational acceptance that
the solution satisfies the recovery requirements. Plans may fail to
meet expectations due to insufficient or inaccurate recovery
requirements, solution design flaws or solution implementation
errors.
Testing May include:
Table-Top Exercise
Functional Test
52.
53. Maintenance Phase:
Maintenance Cycle is divide to 3 parts:
Monthly
Annually
Bi-Annually
Issues found during the testing phase often must be reintroduced to
the analysis phase.
56. Main Features
Single repository for regulations and standards
Centralized repository for compliance related organizational data
Allow for gathering of data from non technology sources such as
people
Map compliance data to regulations and standards
Allow for generation of reports, export data for use with other systems
within an organization
59. Main Features
Provide management dashboards for compliance status with the ability
to drill down across departments, geographies etc.
Allow for creation of custom compliance frameworks or modify existing
ones
Provide reminders to people for addressing compliance related tasks in
an optimal manner
Manage exceptions and activities related to compliance
Provide an exhaustive audit trail for all compliance related actions
through the whole process
64. Fraud is a type of criminal activity, defined as:
•‘Abuse of position, or false representation, or prejudicing someone's
rights for personal gain'.
•Put simply, fraud is an act of deception intended for personal gain or
to cause a loss to another party.
The general criminal offence of fraud can include:
•Deception whereby someone knowingly makes false representation
or they fail to disclose information or they abuse a position.
•Fraudsters are always finding new ways to trick you out of
your money.
What is a Fraud?
65. What is Fraud Management System?
•Fraud Management System (FMS) that allows you to analyze data
from any source{Eg: Whistle Blower}, investigate hypotheses to
discover new patterns and root causes, identify fraudulent activity in
real time, and manage workflows that eliminate threats.
•Fraud Management Systems are used to automate the alerting and
prevention of fraudulent activities and to exclude the “human
factor”.
66. Fraud costs public and private enterprises hundreds of billions of
dollars each year.
„ Exponential increase of frequency and sophistication of fraud,
waste, and abuse.
„ Diverse, complex, and constantly changing fraud schemes and
strategies.
„ Huge volumes of data from multiple sources.
„ Operational and organizational silos
What Are the Challenges for
Companies?
67. •The typical organization loses 5% of its revenues to fraud.
•2011 estimated and projected global total fraud loss $3.5 trillion.
How big is the problem?
68. •Decrease fraud losses through real-time analysis.
•Improve operational efficiency by automated processes.
•Improve investigator efficiency with real-time analyses and metrics.
•Maximize detection efficiency by early identification and prediction
of future risk.
•Improve process efficiency through real-time monitoring.
•Investigate, analyze and prevent fraud in ultra-high volume
environments
Fraud Management Benefits
69. •If your company is at risk for significant financial loss as a result of
fraud, Fixnix Fraud Management is certainly worth a look at a very
low cost compared to other GRC competitors.
•First quantify the risk and then assess the cost of your current efforts
to contain and mitigate that risk.
• If you employ fraud investigators, you must have some measure of
their success and chances are you measure the number of potential
cases investigated, along with the number of real occurrences of
fraud.
•The goal should not necessarily be to increase the number of cases
of fraud detected, but to detect fraud more quickly and to minimize
the number of cases you chase that lead to no fraud (fewer cases of
false positives).
Recommendations
83. FixNix Policy Management
●With FixNix Policy Management, you gain a meaningful understanding of what
governs your business and can formulate policies appropriately to assist achieving
corporate objectives and demonstrating compliances
●Key Benefits
oReduction in the time and effort required to create and update policies.
oMapping with Standards and Controls
oCommunication of Policies are made easy
oReports Generation
oDashboards with drill down charts
oVersion Management of Policies are made in a consistent manner.
85. New Policy
Create your policies in a 5 easy steps
Step 1: General Information
Step 2: Scope, Purpose & Description
Step 3: Mapping Standards & Controls
Step 4: Assign the handlers
Step 5: Date & Other settings
97. Incidents can be any failure or interruption to
an IT service or a Configuration Item/Asset.
These can get created from
From Event Management
From Web Interface
User Phone Call
Email Technician Staff
103. Fixnix Contract Management is a web-based tool designed to automate the
entire contract process end-to-end.
It simplifies the way contracts are managed, tracked and reported.
An automated contract management process involves 3 “lifecycle” stages:
File contract, Approval & renewal.
Full-featured automated contract management should allow you to have
complete visibility and control over any given contract from its inception to
its renewal.
For each step in the contract management process, automated solutions
prevent clogs and speed up sales cycles.
Integrating FixNix Contract Management into your business process will
effectively enforce compliance & mitigate business risks, and acts as a
directory of information for all your clients and candidates.
108. objectives
•Government Watch List (what they are, laws, and
enforcement actions)
•HIPAA, how it affects facilities from a vendor
perspective, BAA’s, etc.
•Immunization testing, what is required, CDC and OSHA
regulations
•Training requirements, and OSHA rules and regulations
•Access Controls
109.
110. What to do - 10,000 Foot
Establish a Vendor Relationship Policy
Establish a formal process for annual vendor reviews
Assign and train vendor relationship managers
Establish a mechanism for tracking vendor
management activities
111. Which Vendors
All Vendors get costly
Which group of vendors give you the best bang for
your buck?
Access to Customer Information
Critical for Operations
Critical to Customer Service
Based on $ amount of the contract
Otherwise visible/high risk (website host, video equipment
in the CEO’s office)
112. The Vendor Manager role
Who
Centralized
Distributed (with centralized management)
Skillset and tools
Time Requirements
Accountability
113. Tools Overview
Vendor Management Policy
Annual review checklist
Critical Statistics
Vendor Contract and SLA
Vendor Management Records
Open and Resolved Issues List
Vendor financial and third party review reports
114. Vendor Management Policy
Describes the organizations beliefs, objectives, and
general procedures related to vendor
management/service provider oversight
Key things in ours
Required/recommended vendors
Assignment of responsibilities
Accountability
Basics of annual reviews
115. Tools –Vendor Contract and SLA
Outlines the services provided and expectations of each
entity
Outlines recourse for resolving issues
Where is the vendor contract stored
Contract termination date
Date or period of notice prior to renewal or termination
Insurance coverage of the carrier
Privacy and other regulatory expectations
116. Tools –Vendor Management Records
Records and reports of previous vendor management
activities for this vendor
Used to identify trends
Reminder of concerns from prior reviews, have these
been resolved?
117. What Does It Mean To Healthcare?
•Vendor Management = Risk Management
•Managing Risk to patients
–healthcare-associated infections account for an
estimated 1.7 million infections and 99,000 associated
deaths each year
–13,779 TB cases (a rate of 4.6 cases per 100,000 persons)
were reported in the United States in 2006.
–Patient Privacy and Patient Rights
•Security of the hospital and hospital property
•Managing Conflict of Interest
•Cost controls with proper device and medication
approval processes
118. Risk reduction
•Access Controls
–Cold Calling
–Appointment setting
–Medical mistakes due to interruptions
Without Interruption With Interruption
Procedural failure
rate
69.6% 84.6% (with three
interruptions)
Clincal error (at least
one)
25.3% 38.9% (with three
interruptions)
Estimated risk of
major error
2.3% 4.7% (with four
interruptions)
119. Challenges Facing A Facility
•Vendor Company
–Financials
•Bankruptcies
•Liens
•Judgments
–Legal Standing
•Involved with Anti-Kickback
Legislation
–Liability Insurance
–HUB’s
–Conflict of Interest
•Vendor Representatives
–Immunizations
•MMR
•TB
•Varicella
•Influenza
–Cold Calling
–Background Check
–Conflict of Interest
–Contact Information
–Proper Training
120. Choices
Develop your own system Use a service
Cost
– Human capital
– Design the system
– Programming
– Manage the information
– Development time
– Administer the program
– Higher cost to vendor community
Cost
–Normally at no or little cost to you
–Administer the program
–Lower cost to vendor community