MindTree Security Services for Governance, Risk, and Compliance (GRC)

MindTree Risk & Compliance Services are focused on enabling Businesses realize their existing potential to make their information security Governance, Risk Management and Compliance initiatives more effective. We help them to cut security and compliance costs by harnessing compliance initiatives with that of security and allow them to focus on their core business activities and business growth.

The value of information has probably remained less appreciated until the value of technology that runs information throughout an enterprise was well understood. It’s been quite a while since industry leaders and experts in risk management & compliance leaders started emphasizing the need for governance over information, technology and their associated value through the management of risk. They have been successful in getting Information Risk Management (IRM) as one of the agenda in boardroom discussions, but IRM still faces tough competition from other agenda contenders such as financial risks, reporting and compliance.

The Challenges in GRC

• Alignment of business objectives with security and compliance
• A multitude of regulatory and industry compliance mandates
• Ever burgeoning threat landscape and data security breaches
• Demand for more transparency through effective IT governance and information risk management for assurance in data protection from share holders, customers, governments
• Increasing compliance & ongoing business pressures related to compliance (compliance requirements from regulations such as SoX 404, GLBA, HIPAA, etc, and industry mandates such as PCI-DSS)
• A multitude of providers offering solutions and services for compliance and data security
• Fallacy that point solutions will solve "ALL" security and compliance problems
• Dynamic business climate due to changing business drivers, strategy, competition for market share, etc. can add to the challenges
  
  

MindTree Services in Governance, Risk Management, and Compliance

Governance

• Information Security Management System
• Business Continuity Management System
  
  

Risk Management

• Risk Assessment
• Business Impact Assessment
• Business Continuity and Disaster Recovery
• Mitigation – Design and implementation of controls
  
  

Compliance - Regulatory & Standards

• Compliance Readiness till pre-certification assessment, Diagnostic  Audit, Gap Assessment, Remediation & Audit of Operational Effectiveness
• Standards & Regulations covered are PCI-DSS, ISO 27001/27005, BS25999, SoX  404, GLBA, HIPAA

MindTree Approach

MindTree’s approach is first to gather and develop clearly defined requirements for the desired future state. In order to develop finer details of requirements, a gap analysis may be warranted or may be the only option in certain circumstances such as compliance with a particular regulation or standard. Gap analysis will help develop a clear understanding on the current state of affairs in terms of policies, standards, processes, controls at different levels, current capabilities, and cultural aspects of the organization.

For example, if the requirement is to develop a risk assessment program and implement it, then it need not require a gap analysis. All it requires is to develop a strategy and approach for Risk assessment and carry out the assessment by working with the relevant stakeholders, toward completion.For assessment of compliance to any standard or regulations, the approach would be first to discover the current status (not an elaborate process of gap analysis) but to a level necessary to understand business objectives, environment, current initiatives, information about processes, controls, etc and carry out the assessment. 

MindTree Value Proposition

A services partner who can,

• See the “Big Picture” by recognizing pain points and harmonizing security spend and precious resources
• Shoulder your security and compliance pressures and leave you to focus on your business critical functions with peace of mind
• Harmonize compliance spends with that of security since compliance does not guarantee security but the reverse can be true