Rsam case Study: Jefferies & Co.

Jefferies, the global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, as well as wealth management, in the Americas, Europe and Asia.

The objective of this document is to provide guidance to Covered Entities, Business Associates, and subcontractors (as defined by HIPAA), and to assist in identifying the best overall approach to becoming compliant and secure in the healthcare industry.

The distributed and dynamic nature of business makes ethics and compliance a challenge. How does an organization validate it is current with legal, regulatory, and other obligations within an ever-changing business environment? Global compliance in the context of a complex and dynamic business environment is particularly challenging as organizations face broadening anti-corruption laws and regulations. Ultimately, the best offense is a good defense.

Solution Overview: RsamPlatform

Hundreds of premier organizations and government agencies as well as regulators rely on Rsam to meet industry standards, diminish security threats, simplify compliance, and reduce vendor risk. Rsam has been recognized as the fastest time to value platform in the industry and delivers unmatched flexibility for companies to control their GRC and security posture.

Voltage SecureData™ Enterprise is the backbone of the global cloud, enterprise and mobile data security strategy at a western European investment bank with global presence. At the highest levels the bank recognizes their data is a strategic asset and their goal is to maximize the value of their information.

Organizations face a complex environment of risk, internally and externally. Geopolitical, financial/treasury, economic, operational, legal, and regulatory environments produce compound risks for organizations to manage. Many organizations are learning that these risks often interrelate to create a much larger risk environment than each independent silo is aware of.

Rsam Case Study: University of Rochester Medical Center

One of the nation's top academic medical centers, the University of Rochester Medical Center forms the centerpiece of the University's health research, teaching, patient care, and community outreach programs. Its ongoing mission is to use education, science, and technology to improve health—transforming the patient experience with fresh ideas and approaches steeped in disciplined science and delivered by health care professionals who innovate, take intelligent risks, and care about the lives they touch.

Managing compliance is tedious, time consuming and complex. Organizations are required to comply with multiple sets of external regulations encompassing hundreds, if not thousands, of individual controls scoped with varying applicability across multiple geographic locations and business units. To add to the confusion, this compliance is a constantly shifting target. The Unified Compliance Framework (UCF) eases the burden by giving organizations a defined set of common "harmonized" controls covering more than 500 separate regulations.

No company is an island unto itself: Organizations are a complex and diverse system of processes and business relationships. Risk and compliance challenges do not stop at traditional organizational boundaries. Organizations today struggle to identify, manage, and control governance, risk management and compliance (GRC) across extended business relationships.

The Elements of Privacy Risk – GRC Illustration     pdf   pdf Download

Organizations that handle personal information face increasingly complex challenges to effectively manage privacy risk and compliance. The impact of these challenges covers the entire information life cycle.

In today's world of high uncertainty, rapid economic changes, and increasingly complex regulations, compliance has become a permanent part of doing business. Juggling the requirements of industry regulations, data privacy laws, and government mandates is no easy task, and maintaining ongoing compliance is complicated by constant changes, amendments, and overlaps. What's more, as regulations increase, the resources needed to comply with them increase as well – and so do the stakes.

While GRC is ultimately about collaboration and communication between business roles and processes, technology provides the backbone that enables GRC. To describe this technology, Corproate Integrity has defined the GRC Reference Architecture2 (this is closely aligned to the second version of the Open Compliance & Ethics Group (OCEG) GRC Technology Blueprint).