A Credit Union’s Approach to IT GRC

How TraceSecurity Increased Effectiveness While Lowering Operational Costs

Executive Summary 

Understanding and managing IT governance, risk management, and compliance (IT GRC) in today’s environment requires a new paradigm in managing interconnections and relationships. What may seem as an insignificant IT risk in one area can have profound impact on other risks and cause compliance issues. One credit union that GRC 20/20 has researched, struggled with decentralized processes and documents for managing IT security, risk management, and compliance. The credit union evaluated their options and looked at IT GRC solutions to assist them with this problem.  The result of their evaluation led them to engage and deploy TraceCSO from TraceSecurity, a Software as a Service (SaaS) solution that the credit union found easy to engage and deploy to meet the range of their IT GRC needs. GRC 20/20 has evaluated and verified the implementation of TraceCSO at this particular credit union and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized TraceCSO with a 2014 GRC Value Award in the domain of IT GRC. TraceCSO gave them the ability to measure, identify and remediate issues across processes and operations more efficiently and at a much lower operational cost. 

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