The document discusses implementing an IT GRC (Governance, Risk, and Compliance) management system to increase effectiveness and lower costs. It describes a case study of a financial institution that deployed the TraceCSO cloud-based GRC solution. With TraceCSO, the institution gained holistic visibility, eliminated redundant processes, and saw efficiency gains like reduced employee time on GRC by 100 hours/week and $500,000 annual costs savings. The system provided improved effectiveness, flexibility, and ongoing GRC program management.

1. A Case Study Explored:
Increase Effectiveness While Lowering Operational
Costs with IT GRC Management Implementation

2. Defining IT GRC
Successful IT GRC strategies deliver the ability to:
• Effectively Mitigate IT Risk
• Meet IT Compliance Requirements
• Satisfy Auditors
• Achieve Human and Financial Efficiency
• Meet Demands of Changing Business Environment

3. Defining IT GRC
The capability to reliably achieve IT objectives while addressing
uncertainty and acting with integrity
RISK
Help them identify their risks, even as their
organizations – and the nature of threats –
continuously evolve
GOVERNANCE
Provide senior management with centralized visibility,
documentation and control over risk and compliance –
to effectively enforce security policies and support
sound business practices
COMPLIANCE
Prescribe and implement the remedies that keep and
prove compliance – automatically

4. IT GRC Complexity
IT departments currently use a reactive approach that is
unsustainable and leads to:
• Higher costs
• The inability to align with the business

5. IT GRC Complexity
The Bottom Line
When organizations approach IT GRC in scattered silos of documents
and disconnected solutions and processes, there is no possibility to
be intelligent about IT GRC decisions that impact the broader
organizations and its operations.

6. Case Study Deep Dive
How One Organization Achieved Value in IT GRC
The Situation:
A financial institution with 25 branches and nearly $2B in assets had:
• Decentralized processes and documentation
• Manual approaches for IT GRC management
• Disconnected technology solutions
The Solution:
The institution engaged and deployed TraceCSO from TraceSecurity
* Content within this slide can be found in the full GRC 20/20 case study, available for download at
http://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-
grc.stml

7. TraceCSO – the market’s only
complete cloud-based solution
• The only integrated, cloud-based
platform that delivers a complete and
effective IT GRC capability
• Automates any, or all, of the eight
primary IT GRC functions
• Suitable for clients of any size
• Requires no capital investment
• Requires no dedicated security or
compliance expertise
• It brings you compliance by default
Case Study Deep Dive

8. Case Study Deep Dive
The Results:
• TraceCSO became the foundation of their IT GRC processes and
centralized information management
• Institution gained holistic visibility into their structure and processes
for their information security and compliance management
• Eliminated redundancy and need for inter-office sending of physical
and electronic documents
* Content within this slide can be found in the full GRC 20/20 case study, available for download at
http://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-
grc.stml

9. Case Study Deep Dive
The Value of TraceCSO in this Institution:
• Delivered the ability to effectively mitigate risk, meet
requirements, satisfy auditors, achieve human and financial
efficiency, and meet the demands of a changing business
environment.
1. Efficiency – Better Performance
2. Effectiveness – Less Costly
3. Agility – More Flexibility
* Content within this slide can be found in the full GRC 20/20 case study, available for download at
http://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-
grc.stml

10. Case Study Deep Dive
1. Efficiency
• On average, reduced employee time dedicated to IT GRC
management by 100 hours per week
• A 50% reduction in the number of steps needed to complete
IT GRC processes
• Total costs savings across human and financial capital of
$500,000 a year
• Removed three decentralized audit tools – saving the cost of
owning and maintaining them
* Content within this slide can be found in the full GRC 20/20 case study, available for download at
http://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-
grc.stml

11. Case Study Deep Dive
2. Effectiveness
• IT GRC became a part of day-to-day operations
• Complete Situational Awareness
• Comprehensive, Integrated and Streamlined IT GRC Platform
3. Agility
• Information Sharing
• Eliminated Planning Sessions
• Departmental Integration
• Continuous Situational Awareness
• On-Going IT GRC Program Management
* Content within this slide can be found in the full GRC 20/20 case study, available for download at
http://www.tracesecurity.com/resources-web/white-papers/case-study-one-organizations-approach-to-it-
grc.stml

12. IT GRC Use Cases
Ways in Which Organizations Leverage IT GRC
Management Technology
• IT Risk Management or Risk Assessment
• Compliance or Regulatory Change Management
• Compliance Assessments and Audits
• Audit Management
• Vendor or Third Party Management
• Incident Response Management
• Vulnerability Management (Scanning, Patching, etc.)
• Policy Development and Management
• User Awareness Training

13. Value of a Simplified IT GRC Solution
• The Trace Platform is a single point of data
entry and correlation with integrated
capabilities across all eight major IT GRC
functions
• TraceCSO provides built-in information
security expertise
• Automatically keeps you current and
leverages a global database of regulations
and citations

14. Download the accompanying case study and watch the
webinar on-demand.