Automate Identity Governance and Administration and Continuous Monitoring of IT controls.
BAAR-IGA provides efficient and secure access control mechanisms for external users, ensuring seamless and controlled access to company resources and ultimately improving security and user experience.
Workflows can also be set up to manage the customer onboarding and off-boarding processes to automate them.
BAAR-IGA enables users to access multiple applications with one set of credentials, simplifying login processes and enhancing user experience in workforce identity management.
This solution can also be applied to legacy applications with no change to the application.
BAAR-IGA can add Multifactor Authentication (MFA), including biometric validation, to new age and legacy applications. This security measure requires users to provide two or more forms of identification before granting access to a system or application, adding an extra layer of protection beyond just passwords.
BAAR-IGA can provide Passwordless Access to new-age as well as legacy applications. This eliminates the need for traditional passwords, relying instead on alternative factors such as biometrics, hardware tokens, or mobile authentication apps. This approach simplifies the authentication process while bolstering security, offering a seamless and secure way for users to access systems and data.
BAAR-IGA offers a centralized authentication mechanism that allows users to access multiple applications and systems using a single set of credentials. It enables seamless and secure access management by establishing trust relationships between identity providers and service providers, facilitating the exchange of authentication and authorization information.
BAAR-IGA systematically regulates who can access or use corporate resources, determining entry and usage rights within an organization. In workforce identity, it verifies and grants employee credentials to ensure operational integrity and data security.
BAAR-IGA enhances security for privileged users by restricting access to critical systems and data, mitigating the risk of unauthorized use and potential breaches, ultimately safeguarding sensitive information and maintaining data integrity.
Passwordless privileged access and rotation of credentials after each time a privileged user accesses a system reduces risk.
BAAR-IGA simplifies the process of User Access Reviews for all systems (New age, legacy, On-prem, cloud). User Access Reviews in BAAR-IGA are of the following types:
User Access Reviews maintain security and compliance and minimize risks by regularly verifying and adjusting user permissions and protecting sensitive data.
BAAR-IGA continuously monitors for Segregation of Duties (SoD) conflicts. SoD management covers the following:
Segregation of Duties prevents conflicts of interest, fraud, and errors by dividing tasks, enhancing accountability, and ensuring operational integrity.
BAAR-IGA manages your identity and access policies continuously and fully automated. Examples of policies are:
Automated access management policies streamline security, improve efficiency, and reduce human error by enforcing consistent and timely access controls.
BAAR-IGA’s AI assigns a risk score to users using the following attributes:
Automated risk profiling proactively identifies and mitigates security threats, safeguards sensitive data, and maintains regulatory compliance effectively.
BAAR-IGA automates access controls, auditing, and compliance reporting, ensuring transparency, accountability, and adherence to regulatory requirements.
BAAR-IGA continuously monitors your systems for inappropriate access any users may have. Some examples are as follows:
BAAR-IGA self-tests and continuously monitors logical access controls before an internal or external audit (SOC, SOX), ensuring the operational effectiveness of the controls. Automated control testing increases efficiency, accuracy, and compliance while reducing human error, providing robust security and regulatory adherence.
BAAR-IGA manages the entire identity Lifecycle in a fully automated manner. This includes the following:
Automating the identity lifecycle mitigates risks, saves time, enhances audit outcomes, improves onboarding processes, and reduces IT operational costs. The benefits are immediate and extensive.
BAAR-IGA automates provisioning, modification and de-provisioning of access based on a birthright for Applications (Legacy, On-prem, and Cloud), Network folders, SharePoint folders, Databases, Switches, Firewalls and more.
Access Lifecycle Management optimizes user access provisioning, modification, and de-provisioning, bolstering security, compliance, and resource utilization across organizations.
BAAR-IGA automatically revokes access or changes user roles based on the outcomes of user access reviews.
Automated access revocation post-user review enhances security, mitigates risks, ensures compliance, and minimizes unauthorized access, fostering robust data protection.
BAAR -IGA automates access provisioning, modifying and de-provisioning when a user is transferred within the organization.
Transfer Access Management ensures seamless user transitions within organizations, maintaining data security, minimizing disruptions, and preserving productivity.
BAAR-IGA finds violations for an identity across multiple security systems like: Privileged Access Management, User Behavior Analytics, Security Information and Event Management (SIEM), Data Loss Prevention (DLP) Systems, Endpoint Security Solutions and more.
Centralizing identity violations from all monitoring tools provides a unified view, streamlines response, enhances security and simplifies compliance reporting.
BAAR-IGA allows users to self serve for the below activities. Approval and process workflows can be customized:
The Self-Service Portal empowers users to manage their access, reducing administrative burden, improving efficiency, and enhancing user experience.
Streamline and automate the process of assessing, monitoring, and managing compliance within your organization’s IT environment.
As organizations race ahead with their digital transformation endeavor, visibility, control and compliance becomes more vital as well as complex because of the following key reasons:
1. Limited resource bandwidth
2. laborious processing and information gathering
3. Competing business priorities
4. Distributed data
5. Technological diversity within environments
BAAR-CA Streamlines and automates the process of assessing, monitoring, and managing controls within your organization’s IT environment.
BAAR-CA facilitates the assessment of controls by providing standardized frameworks, templates, and workflows for evaluating the effectiveness of various security controls, policies, and procedures.
BAAR-CA automates the testing of operational effectiveness of controls by executing predefined tests, scripts, or simulations to validate compliance with regulatory requirements, industry standards, and internal policies.
BAAR-CA tracks and manages control deficiencies and remediation activities by assigning tasks, tracking progress, and escalating issues to appropriate stakeholders for resolution.
BAAR-CA provides real-time monitoring and reporting capabilities to track the status of controls, monitor changes in control environments, and generate audit-ready reports for stakeholders.
BAAR-CAsupports compliance efforts by mapping controls to regulatory requirements, automating compliance assessments, and generating evidence of compliance for audits and regulatory reporting.
Enhanced visibility, standardization, and automation of control processes improved governance, accountability, and transparency across the organization.
Automation of control assessments and workflows reduced manual effort, accelerated assessment cycles, and improved overall efficiency.
Risk-based prioritization and real-time monitoring of controls enabled proactive risk management and mitigation, reducing exposure to operational and compliance risks.
Streamlined control assurance processes and centralized documentation facilitated compliance with regulatory requirements and audit mandates.
Reduced administrative overhead, manual errors, and audit preparation time led to cost savings and resource optimization.
Stakeholders, including management, auditors, and regulators, benefited from improved control visibility, accuracy, and reporting, enhancing stakeholder confidence and satisfaction.
Case Study: A leading bank in Canada Implemented BAAR-CA for Enhanced Governance and Compliance
A leading bank in Canada, faced challenges in managing and assessing its internal controls across various business units and IT systems. To address these challenges and strengthen its control environment, the bank implemented BAAR-CA.
Complex Control Landscape: The Bank had a diverse range of controls spread across multiple departments, processes, and IT systems, leading to complexity in control management and assessment.
Manual Processes: Control assessments were predominantly manual, involving spreadsheets, emails, and disparate tools, resulting in inefficiencies, errors, and lack of real-time visibility.
Regulatory Requirements: Compliance with regulatory mandates such as ISO27001, SOX, and SOC necessitated a robust control assurance framework and evidence of control effectiveness.
Audit Preparedness: Preparation for internal and external audits required extensive documentation, evidence gathering, and coordination among stakeholders, posing challenges in meeting audit timelines and requirements.
The Bank deployed BAAR-CA to automate and streamline control management, assessment, and monitoring processes across the organization.
Centralized Control Repository: A centralized repository for storing and managing control frameworks, policies, procedures, and related documentation to ensure consistency and standardization.
Automated Control Assessments: Automated workflows, templates, and tools for conducting control assessments, testing, and evidence collection, reducing manual effort and ensuring accuracy.
Risk-Based Prioritization: Risk-based prioritization of controls and assessments based on the likelihood and impact of control failures, enabling focus on high-risk areas.
Continous Monitoring: Real-time monitoring and dashboards for tracking control status, issues, and remediation activities, providing stakeholders with visibility into control effectiveness and compliance posture.
Integration with IT Systems: Integration with core banking systems, ERP platforms, and other IT systems to collect control data, automate testing, and synchronize control information across the organization.
Audit Trail and Reporting: Comprehensive audit trails, logs, and reports for documenting control activities, changes, and audit findings, facilitating audit readiness and compliance reporting.
By implementing BAAR-CA, the Bank transformed its control management and assurance practices, strengthening governance, mitigating risks, and achieving regulatory compliance. BAAR-CA’s automation, integration, and reporting capabilities positioned the bank for sustained growth, resilience, and success in the highly regulated banking industry.
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