More and more companies are reviewing how they handle segregation of duties (SoD) conﬂicts, either because they failed their last audit or have concluded their current process needs to be more eﬃcient. When GRC and particularly segregation of duties (SoD) regulations ﬁrst arose, it was a fairly simple concept to understand. There were rules and policies in place around functions that could not be executed by a single user to prevent an SoD conﬂict or potential fraud.
So, what is the best technological option when it comes to handling GRC conﬂicts? Is it better to have an alerting solution or a simulation solution? While they both manage conﬂicts, one is predictive and the other happens after a conﬂict has been detected. The key is to use a combination of both solutions if you are looking for a clean GRC audit reporting option.
Dynamically manage access to sensitive data and business transactions. Enable zero trust and least privilege to ensure user identity is always verified and access privileges always align with a user’s potential for risk.
Prevent access to sensitive data, even after a user has been verified. Minimize the risk of data exfiltration with attribute-based access controls, dynamic data masking, and user activity alerts & analytics.
Streamline and simplify how you manage and prevent business process risks from segregation of duties, authorizations, and more. Ensure access to your ERP remains aligned with compliance mandates with automated provisioning/de-provisioning and real-time risk analysis.