Enterprise risk management – Effective strategies to follow

Rising data attack instances are putting organizational security at stake. Businesses with data-critical operations are suffering revenue and reputation loss as a consequence of data privacy breaches. The lack of a robust security system in place impacts organizations, leaving them vulnerable to growing data threats. Now is the high time for organizations in industries including Banking, Finance, and Insurance to act and implement a strong enterprise risk management strategy that can help strengthen their security posture.

Let’s get started with 4 key components that can enable you to ensure regulatory compliance and elevate the security standards in your data-sensitive business.                                                         

1. Regulatory Compliance 

Define and observe regulatory compliance including GDPR, HIPAA, SOC 2, ISO 27001, PCI DSS, and more to bind your teams with leading security standards for compliant behavior and safe operations. 

2. Insider Threats

Identify the subtle changes in employee behavior deviating from regulatory compliance and security rules to respond before they cause damage.

3. Fraud Prevention

Ensure no unauthorized person(s) at the desk and allow access to only validated employee(s) for business data and resource safety. 

4. Data Protection 

Control access to sensitive data and ensure encryption to avoid unauthorized exposure. Create and communicate rules for clean desk policy to encourage teams to keep work desks clear of recording instruments, including smartphones, cameras, etc.

5. Identity Theft

Allow only authenticated employee(s) at work and avoid risks to business data or resource privacy.

How wAnywhere AI security can help

Trusted by top BFSIs worldwide that achieved 95%+ reduction in workplace non-compliance incidents, wAnywhere is the force behind their security prowess.  

Real-time analytics 

Measure employee actions in real-time to find out whether teams work in compliance with industry regulations and security rules. 

Behavior and predictive analytics

Assess how teams behave at work and if their activities indicate threats to data privacy, so you can respond before they do damage. 

Insider threat detection and prevention   

Leverage comprehensive behavioral analytics to flag malicious insiders based on risky behavior deviating from defined security standards. 

Align your teams and ensure secure business operations 

Staying ahead of threats and responding before they cause harm is key in controlling the risks in your data-intensive business operations. Experience wAnywhere today and explore how you can minimize data risks in your organization by over 95%.