Digital Risk Solutions

Digital technology has become the world’s touchpoint, connecting, informing, and enabling life at every level, from individuals to institutions.

For today’s businesses, digital is integral — woven so deeply into strategy, infrastructure, operations, and products/services that in a very real sense, business and IT have become one.

IT is business — which means IT risks are business risks. PwC’s Digital Risk Solutions team can help you capitalize on the opportunities of this environment, bringing the people, technologies, and process innovations to help you win like no other.

Case study

How we helped a multi-national company demonstrate a defensible security posture to its regulators, customers, and other key stakeholders.

A multinational company had gradually let its information security investments fall behind its real-world needs. Its board, CEO, and CIO were concerned that the organization could not readily demonstrate a consistent, defensible security posture to its regulators, customers, and other key stakeholders.

How we helped:

Within one week of winning the contract, PwC mobilized a global team of over 35 information security practitioners to address the client’s problems. We leveraged a consistent global methodology and a leading security framework (ISO 27002) to conduct an accelerated security assessment across the company’s ten business units. Our team aligned industry leading practices to each business unit and delivered a roadmap of information security initiatives to achieve the agreed-upon level of compliance within the organization.

The result:
  • The company achieved a deeper understanding of its current information security risks, along with the insights necessary to develop comprehensive remediation efforts.
  • The company was given insights into leading practices across business units, which historically had not been communicated to the wider company.
  • The company replaced its IT control generalists with a system of rapidly deployable resources with technical security capabilities aligned to various industries.

 

Insights

Charting a future for US-dollar clearing and correspondent banking through analytics

Charting a future for US-dollar clearing and correspondent banking through analytics

The size and complexity of the US-dollar clearing and correspondent banking markets make them attractive to perpetrators of financial crime. As a result, regulators have intensified their focus on financial institutions’ compliance with anti-money laundering regulations, prompting some organizations to “de-risk” or drop their correspondent banking relationships. This paper discusses how innovative data analytics can provide an alternative to de-risking, by helping financial institutions manage the risks and compliance costs associated with anti-money laundering programs.

Contact us

Grant Waterfall
Global Cybersecurity and Privacy Assurance Leader
Tel: +1 (646) 471 7779
Email

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