An effective GRC solution is a well-balanced combination of people, process, and technology. Oncedeployed, a successful solution requires the right support package. At Templar Shield, we work withyou to understand your current GRC program implementation and provide end-to-end support tokeep your program current and operational.

SWIFT established the Customer Security Program (CSP) to actively support customers in the fight against cyber-attacks. Cybersecurity controls were put in place to strengthen end-point security and combat cyber-fraud by securing the systems such as laptops, middleware, and software used to connect to the SWIFT network.

As of 2020, SWIFT mandates that attestations submitted under CSCFV2020 are independently assessed through either an internal or external assessment. Self-attestation will be considered as non-compliant after 2020.

Technology enablement is key to unlocking the benefits of an enterprise GRC program. It improves operational efficiencies, program effectiveness and enables a holistic view of the organization’s risk and compliance posture.

Enterprise GRC enablement is not only challenging but also time-consuming. The current market space is congested with multiple GRC tools with similar capabilities making it harder for the companies to select the right tool that meets their current and future GRC requirements.

GRC enablement is not an end-state but a continuous journey. It requires a well-balancedcombination of people, processes, and technology to mature and expand the program footprintacross the organization. Continue reading to get a quick insight into some of the common challengeswe have seen organizations face when setting up their GRC programs and how we can help navigatethrough some of these challenges.