Today’s organizations have a complex security management challenge on their hands. They need to orchestrate a broad range of security processes and technologies to secure their organizations in the face of increasing pressure to demonstrate compliance with a host of new regulations. More important, organizations must mitigate risk and maximize security in a way that ensures business continuity, maintains budgets, and achieves operational efficiencies across the board.
Check Point security management solutions are designed as an interoperable system based on a core unified security architecture which enables the central control of security policy across multiple layers of the infrastructure. This enables organizations to achieve maximum security effectiveness through the efficient day-to-day monitoring and updating of security policy and defenses. A central console provides administrators with total visibility across their security infrastructure, providing evidence of proper security controls and highlighting potential weaknesses in their defense system. Click here to read more…
A critical control is a control that will prevent or detect an error in the event that all other controls fail. If there isn’t a critical control in the process you may need to test all the controls in your narrative. If the critical control encompasses the prior controls you will only need to test the critical control and not the individual control.
Refer to the Guidance Manual and/or Case Studies for an example of how to complete the narrative template. The narrative should be for the procedures in place at the end of the current fiscal year. If your College’s procedures are changing during the fiscal year, document the new procedures that will be in effect at the end of the current fiscal year, rather than the old procedures. Keep reading…
Kaplan talks about the five critical skills that entrepreneurs need:
1) Leadership: ability to build consensus in the face of uncertainty
2) Communication: ability to keep a clear and consistent message
3) Decision-making: knowing when to make a decision
4) Being a good team player: knowing when to trust and when to delegate
5) Ability to telescope: to focus in on the details and then move back to the bigger picture. Watch video…
Case Study about Risk Analysis of Infrastructure Projects
Abstract: The growth of the infrastructure sector in India has been relatively slow compared with the industrial and manufacturing sectors. The energy shortage, an inadequate transportation network, and an insufficient water supply system have caused a bottleneck in the country’s economic growth. The Build-Operate-Transfer (BOT) scheme is now becoming one of the prevailing ways for infrastructure development in India to meet the needs of India’s future economic growth and development. There are tremendous opportunities for foreign investors. However, undertaking infrastructure business in India involves many risks and problems that are due mainly to differences in legal systems, market conditions and culture.
Introduction: India’s economy has shown remarkable growth over the past several years and many foreign economists predict a healthy growth in the near future. A private international forecasting firm predicts that India’s GDP will grow at an average annual rate of about 8 per cent between 2010 and the year 2015. India’s investment reforms, rapid economic growth and social development have led to a surge in foreign direct investment (FDI). Annual utilized FDI in India grew from $636 million in 1991 to $26billion in 2009, making India, in recent years, the third largest destination of FDI in the world.
Case Study about Capital project risk management on Europe’s largest construction program with Active Risk Manager (ARM)
The Challenge: Crossrail is Europe’s largest infrastructure program with a budget of £14.5 billion (approx. $23b). When it opens in 2018-9, Crossrail will carry 200 million passengers each year, increasing London’s transport capacity by 10%. It has multiple, complex construction projects running concurrently across the whole route. At the same time as constructing eight new underground stations, which have to be connected to the existing London Underground and rail networks, and four overground spurs, Crossrail must minimize disruption to the existing transport system and the millions of commuters which use it each day.
Unlike some other major infrastructure initiatives, the Crossrail program involves many delivery partners including London Underground, Network Rail, Docklands Light Railway, Canary Wharf Group and Berkeley Homes. Each of the individual projects has its own mix of contractors and suppliers which must work seamlessly together to deliver each project element on-time, on-budget with minimal disruption. The nature of Crossrail means that the program has potential reputational impacts for both London and the UK.
Background: Paddy Power is Ireland’s biggest and most successful bookmaker, operating both a retail and an online/telephone division. Formed back in 1988, Paddy Power rapidly became a shining light in the Irish and UK betting industry. Innovation has been the key to the success for the company, who from day one sought to be different from the chasing pack. The vision was simple: position betting as entertainment; make betting with Paddy Power a fun experience that meant a lot more than simply winning or losing money.
Challenges: The prevention of underage betting and identity fraud is a significant concern in the online gaming sector, and businesses are increasingly seeking ways to reduce this risk. Paddy Power required a company that could offer a bespoke international identification and verification product, backed by an excellent support service, including portfolio management. Paddy Power needed an intelligent system that could take the information received from players and process it, using Callcredit’s data, to give a confident verification decision on new player applications.
Case Study about Leighton Contractors Making a Difference with ARM
Overview of Leighton Contractors: For over 55 years Leighton Contractors has provided services to governments, major corporations and other clients across Australia, delivering projects that create lasting value for future generations.
With capabilities spanning resources, construction, telecommunications, industrial engineering, energy, infrastructure and facility management, Leighton Contractors’ projects have included the construction of the $2 billion North-South Bypass Tunnel and the $1.4 billion Gateway Project in Brisbane. They also provide a range of mining services to BHP Billiton and Rio Tinto throughout Australia.
Case Study about Network Rail Implements Active Risk Manager
Customer overview: Network Rail operates, maintains and enhances Britain’s railway system and associated tracks, signalling system, rail bridges, tunnels, viaducts, level crossings and major stations.Prior to the implementation of Active Risk Manager, spreadsheets and a legacy bespoke system were used to manage risk across projects on the rail network. There are now in the order of 20,000 risks held in Active Risk Manager ranging across the project, operational and corporate risks areas.Because of the large number of individual projects, which can vary from hard structural projects such as replacing level crossings and bridges to softer organisational change projects, Network Rail needed easy risk reporting for management at all levels.
operational and Corporate risk: At Network Rail both Operational and Corporate risk are also managed using Active Risk Manager. Operational risks are regarded as the day to day risks involved in running the railway within a defined geographical area, for example the Thames Valley. These operational risks from across the company are then rolled up to a bigger picture at corporate level.At Corporate level there are risk registers for all the major functions such as finance, engineering etc and Active Risk Manager allows all the disciplines to combine to give the Board of Directors an amalgamated view. This has lead to the development of consistent processes being introduced across the whole organisation again leading to greater visibility and accurate reports. The company won the 2006 Strategic Risk, European Risk Management Award for Enterprise-Wide Risk Management; Active Risk Manager was part of this implementation.
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Case Study about Amlin Embeds Risk Management Processes
Communication and Visibility of Risk Across The Organization: Amlin required a technology solution for its enterprise risk management process that would further enable it to efﬁ ciently and effectively embed risk across the organization. An additional consideration was compliance with Solvency II, the European regulatory capital regime for the insurance industry Risk Manager
Embedding Risk Management: Amlin chose Active Risk Manager from Active Risk as its enterprise risk management solution because it provided Amlin with top-down and cross organisational views of risks and opportunities. Using a single system supports the operational needs of the business, enabling risk managers to see the information that is relevant to them.
Case Study about Active Risk Manager: Lockheed Martin
The Challenge: Lockheed Martin is a global security, aerospace and information technology company. It is the largest provider of IT services, systems integration and training to the US Government. The Lockheed Martin aeronautics operating unit alone had sales of $14.3 billion in 2011, this included tactical aircraft, airlift and aeronautical research and development lines of business. The tri-variant F-35 Lightning II represents the pinnacle of more than 50 years of fighter development technology. The F-35 combines radar evading stealth, supersonic speed and extreme agility with the most powerful and comprehensive integrated sensor package of any fighter aircraft in history. When first awarded, the F-35 was the largest defence contract in history.
The Solution: The size and complex nature of the F-35 program led Lockheed Martin to select Active Risk Manager (ARM) to provide a common system to comprehensively manage risks. ARM is a web-based solution which enables the integration of all risk-related data into a common system. This meant Lockheed Martin’s partners and suppliers could be involved in the risk process to help provide a more complete picture. ARM’s security features meant each player could access only the data and parts of the process relevant to them. This was essential on a national security program of this size and scope.