Cyberklix Governance Risk and Compliance practice offers a practical and cost effective path to developing and implementing an effective and comprehensive GRC program for your organization.

Organizations are quickly discovering that good IT governance practices complimented with by effective and relevant risk management plans lead not only to an easier path to compliance but also result in operational excellence.

Governance

IT Governance is not a new or revolutionary idea in itself. In fact all organizations must have some form of governance to run. The keys to effective, efficient and mature governance in your organization are understanding the needs, regulatory constraints and objectives specific to your business. Then, build practical solutions to address your specific needs.

Our approach to designing and building good governance practices begins with understanding your business and developing practical solutions in a logical step by step way. This helps you see the both the operational and financial benefits as each piece is implemented and allows you to effectively manage costs.

We have identified the most important processes required for delivery of effective IT services. Our approach to IT Governance will help you ensure your IT organization is not only aligned with strategic business objectives, you will also be able to demonstrate the Value of IT and report accurately on all aspects of IT performance.

Risk Management

Risk Management is a structured approach to managing uncertainty. Most IT organizations implement solutions to mitigate risk without disciplined analysis. This approach typically results in solutions that are over engineered, expensive and do not necessarily provide the appropriate level of protection.

Cyberklix Risk Management practice follows industry best practices in risk management. We combine this with our experience and focus on practicality, effectiveness, efficiency and usability to build a risk management plan that is tailored for your needs.

Our Risk Management approach breaks the plan into to the following four key areas;

• Protection of information assets (Sensitive Data)
• Integrity and availability of IT resources 
• Compliance with regulatory and self imposed mandates
• The financial statements and structure of the organization, IT infrastructure, IT operations, business operations etc.

Through a thorough understanding of the organizations objectives and risk appetite we can identify, analyze and understand IT risks and build appropriate mitigation and management strategies. The risk management plan produced will enable IT to manage risks significantly more proactively as well as manage and lower costs.

Compliance

A typical approaches to addressing regulatory or policy compliance mandates include responding to unfavorable audits or implementing technology solutions specific to that requirement. These approached unfortunately do not really deliver any value to your organization

Implementing good governance practices and tools complimented with an effective risk management plan will result in compliance. In addition to regulatory compliance your organization will be among the relatively few that are truly highly effective IT organizations in the world.

GRC Integration

In order to realize the operational, financial and decision support benefits of implementing a good GRC framework you must integrate the different elements. GRC integration brings together processes, organization, knowledge management, technology & tools and performance management to deliver a fully integrated GRC solution. It delivers a GRC solution where all of these elements have appropriate interfaces and links to ensure each element is leveraged to deliver optimal capability and performance.

The Cyberklix approach insures a solution that integrated all elements. Cyberklix integrated GRC solution can make compliance simple and achievable, provide you and your executives with relevant accurate information to support informed decisions and save you time and money.

Benefits

Organizations having a mature GRC practice compared to those without a formal GRC consistently report.

1. higher revenues
2. higher profits
3. higher customer satisfaction
4. higher customer retention levels
5. lower financial losses or theft of customer data
6. less likely to have customer data stolen
7. less money spent on regulatory compliance annually