Assess Risk exposure/Address Weaknesses
Governance, Risk, and Compliance
Navigate Regulatory Waters with Ease
Stay Ahead of an Ever-changing
Risk Landscape
Understand risks, confidently maintain regulatory compliance, gain operational efficiency, and improve decision-making.
Organizations are adopting technologies to improve operations and provide service offerings to support customer requirements. Although technology adoption and augmentation provides the means for organizational growth, it also introduces security risks and regulatory challenges. As adversaries evolve their tools and techniques to bypass your defenses, your security program must also evolve to thwart emerging threats by implementing an effective Risk Management Framework.
An effective Risk Management Framework is essential to protect your organizational assets, resources, services and customer data. The framework must support your organizational requirements and leverage applicable standards, such as SEC, FDA, HIPAA, NIST, GDPR, ISO27001, ISO-42001, HITRUST, PCI and CMMC to guide the creation of an effective controls architecture that meets your organization’s needs.
Palindrome’s GRC services are designed to help your organization identify and mitigate risks through rigorous analysis, in order to enhance your security program.
Areas addressed include:
- Security Strategy Planning
- Regulatory Compliance
- Enterprise Risk Management
- Infrastructure Architecture Security
- Securing Supply Chain Management
- Your organizational leadership can make informed decisions based on comprehensive risk assessments and compliance data, ensuring that your business strategies align with regulatory requirements and risk tolerance levels.
- By standardizing and automating GRC processes, redundant systems and processes can be eliminated. A well-implemented GRC program helps to identify and eliminate inefficiencies within your organization's processes, further reducing costs.
- With an effective GRC program, your organization can identify, assess, and manage risks in a structured and proactive manner. This enables you to anticipate potential risks and implement strategies to mitigate them before they materialize, guarding against unexpected losses and ensuring operational continuity in the face of adversity.
- A GRC program helps ensure your organization complies with relevant laws, regulations, and standards. Costly legal penalties, fines, and reputation damage from non-compliance issues can be avoided.
- A GRC program commitment can significantly enhance your organization's reputation among customers, investors, and regulatory bodies. A strong reputation for robust GRC practices can improve market competitiveness, lead to more business opportunities, increase investor interest, and improve customer loyalty.
- Our GRC programs can be customized to fit your organization's unique needs, regardless of size or industry. We can scale to accommodate growth and changing regulatory landscapes, ensuring that your GRC program remains effective over time.
- Palindrome’s decades of cybersecurity experience provides the necessary insight and skillset to help you implement robust security measures, protecting your organization against unauthorized access, data breaches, and other cyber threats.
- We embrace industry best practices and regulatory requirements to identify the gaps, inconsistencies and “hidden” risks in your security program.
Services
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AI Risk Management and Trustworthiness
Artificial intelligence (AI) is a rapidly evolving and maturing technology adopted by enterprises globally. It offers several benefits including optimizing operations, enhancing customer experience, improving real-time decision-making and reducing costs (among others) with wide sector applicability including Healthcare, Financial, Manfacturing, Retail, Aviation, Hospitality, and Defense. However, AI also introduces risks that can negatively impact customers, employees, organizational assets (i.e., intellectual property, data) or have environmental impact. As such, risk management is a key component of responsible development and use of AI systems.
AI risk management is a key component of responsible development and use of AI systems and can help organizations align the decisions about AI system design, development, and uses with intended aim and values.
Core concepts in responsible AI emphasize human centricity, social responsibility, and sustainability.
AI risk management can drive responsible uses and practices by prompting organizations and their internal teams who design, develop, and deploy AI to think more critically about context and potential or unexpected negative and positive impacts. Understanding and managing the risks of AI systems will help to enhance trustworthiness, and in turn, cultivate public trust.
AI risk management should be continuous, timely, and performed throughout the AI system lifecycle dimensions. AI RMF Core functions should be carried out in a way that reflects diverse and multidisciplinary perspectives, potentially including the views of AI actors outside the organization.
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IT Risk Assessments
Information Technology is continually evolving. Consequently, associated security risks are also increasing, requiring constant vigilance. In order to maintain a robust cybersecurity program, we assist your organization to identify and manage specific risks in planned or implemented systems through a holistic approach to risk management. Our adherence to industry and regulatory guidance, along with structured risk assessment methodology, provides a comprehensive view of the nature and potential consequences of observed risks, and the corresponding characteristics of such risks.
We explore fundamental risk characteristics of systems, including, but not limited to:
- Identification of relevant and applicable threats
- System vulnerabilities
- The impact or consequences that could result from risk events
- The probability or likelihood of risk events
- Identification of deployed controls and other risk treatments
We help your organization determine the extent of post-control risk that remains after controls are deployed and proven to be operating effectively. This residual risk, often overlooked, commonly does not consider the probability of various types of control failures. Our layered risk treatment strategies address that reality, offering system and organizational resilience.
Palindrome Technologies' risk management approach draws from multiple sources of guidance in structuring risk assessments and benchmarking customer risk assessment approaches against relevant guidance. This includes leveraging applicable elements from NIST standards, ISO 27001, SEC, CMMC, HIPAA, FDA, FFIEC requirements, and other industry-specific guidance including HITRUST, and GDPR.
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Cloud Audit
As a CSA Trusted Cloud Consultant with extensive experience in evaluating the security of both enterprise and carrier-grade cloud environments, we can assist with auditing and testing activities of your cloud infrastructure to ensure resiliency and security.
As part of our approach, we believe it is necessary to gain deep understanding of your business models, technical architectures, and observed risks in order to develop a tailored assessment plan. We then examine not only general IT risks, but also unique, organization-specific risks that will drive the implementation of your controls architecture. Furthermore, we conduct security testing of the cloud infrastructure to help verify that the implemented controls are effective and robust. The insights developed by studying the operational success of deployed IT controls can be used to inform leadership on the effectiveness of managing observed IT risks.
Our cloud audit team members have keen technical knowledge and thorough understanding of challenges that organizations are facing when managing cloud environments. We not only identify control weaknesses, but most importantly offer pragmatic technical solutions which support the rapid creation of corrective action plans, saving both time and resources.
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HITRUST Certification
Within the healthcare industry and beyond, HITRUST certification has become a highly regarded indication that an organization is using best practices for data protection and privacy.
While we agree that HITRUST certification is an important external indicator, we believe that the true value of the HITRUST process is in the confidence and peace-of-mind our clients gain in their own security posture.
At Palindrome, we tailor each organization’s HITRUST journey to meet their specific needs, based on their unique challenges. Our client’s successful HITRUST certification reflects the improvements that result from our collaborative efforts.
