FINANCIAL SERVICES

Proactive 2nd Line of Defense

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The Reactive Reality of Risk Management in Finance

The 3 Lines of Defense is a widely adopted model by financial institutions for risk management. Existing operations in the 2nd line of defense face significant challenges when reliant on human workflows that provide limited visibility into the state of the 1st defense line. Without the ability to independently and continuously assess the operational state and effectiveness of 1st line point solutions, GRC teams struggle with delayed responses to emerging risks and potential inaccuracies due to human error. Today, financial institutions have to compromise on a reactive, rather than a proactive, approach when managing their risks.

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Data-Powered 2nd Line of Defense

With anecdotes, the second line of defense has the capability to collect and scrutinize data from 1st line point-solutions. This enables continuous assessment of the effectiveness of the 1st line, as well as the identification and response to shifts in the financial institution's risk landscape. Our modern approach and solution to GRC better equip organizations to handle the complexities of Security, IT, and Privacy related financial risks through a proactive 2nd line of defense.

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The Impact of a Proactive 2nd Line on Internal Audit Reports

Board committees (such as Risk, Compliance, BoD, etc.) and shareholders rely on an independent internal audit function (also known as the '3rd line of defense') to provide an accurate reflection of the company's status and confidence that the right measures are in place to reduce corporate risk. Unfortunately, it's common for human-oriented workflows to lead to blind spots and, therefore, an inaccurate reflection of risks and processes. With a proactive approach to the 2nd line of defense, internal audit teams can achieve strong alignment with the GRC function and the desired accuracy in reports.
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Fuel Your Compliance Engine With Data

The anecdotes Compliance OS* has got you covered from every angle.

* What is OS?
We know what you’re thinking – OS = fancy buzzword, roll m’ eyes. Yeah, maybe in some cases – but not here. An Operating System is a digital workspace that provides various applications to be used as needed, regardless of the underlying hardware and sources. With the anecdotes Compliance OS, you can choose whatever application you need with full autonomous background processes to support them. And that’s why it’s a real OS.

Application Layer - Every business process and need has a correlating application, enabling it to correspond to, and answer, different challenges. 
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Data Pool Layer - Normalized and structured data in an evidence pool serves as the basis of every application usage. 
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Plugins Layer - Dozens of plugins from the most common tools and environments, to extract all the data needed for the Compliance OS and the Data Pool Layer.

This is how it works:
We start at the Plugins Layer. This is where evidence is automatically collected from multiple sources; on-premise, private cloud, public cloud, and SaaS tools. Ya know, everything, basically.
Last is the Application Layer. This is where the magic happens. Every business process and need has a correlating application, which enables it to correspond to, and answer, different challenges.
Next comes the Data Layer. This is where normalized and structured data is housed in an evidence pool to serve as the basis of every application usage. (No, not that kind of pool. But still beneficial.)
These layers and processes form the basis of the anecdotes Compliance OS, a fundamental change to the way Compliance has always worked. Or not worked, really. 
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anecodotes' innovative approach to data sharing is a hallmark of a new generation of cybersecurity solutions that deliver maximum value by breaking down data silos between vendors and customers.

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Omer Singer
Head of Cyber Security Strategy @ Snowflake
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As Ginzi grows, our Compliance process becomes more complex. anecdotes makes meeting new frameworks simple.

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Ben Jacobs
Co-founder and CEO @Ginzi
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anecdotes is a competitive advantage. We are able to increase trust with our customers by giving them the option to monitor our Compliance posture in real time on the anecdotes platform.

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Jonathan Schneider
Co-founder and CEO @Moderne, Inc.
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anecdotes does more than just automation. Based on a deep understanding of our business, anecdotes has helped us make the cultural changes we needed to make sure we are compliant.

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Asaf Moses
Founder & CEO @CredCompare
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With anecdotes, we were able to easily collect evidence for our ISO 27001:2018 certification, with plugins that easily connected to most of our infrastructure and automatically gathered all of the necessary information. This saved us a lot of precious time.

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Vladislav Gust
Information Security Officer @PortXchange
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With anecdotes we have true continuous compliance. We are able to identify control effectiveness and to demonstrate to both leadership and customers the status of our maturing security program.

Prabhath Karanth,
Global Head of Security & Trust

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Made for Your Complex IT Stack

From your cloud environments to your SaaS tools, connect it all – without complexity limits.

Customized for Your Success

Tailor your frameworks, controls, and internal audits to meet the specific needs of your program.

Cross-Framework Solution

We map evidence to all applicable/relevant controls and frameworks, creating true cross-mapping across frameworks.

Robust Security Architecture

Store data and secrets in your own environment to own and retain them at all times. 

Data-Powered Compliance

Utilize data-powered Compliance artifacts to gain true visibility into your Compliance posture.

One Workspace for Your Needs

Centrally address all your Compliance needs, with a holistic solution that pairs advanced automation with monitoring capabilities.

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Made for Your Complex IT Stack

From your cloud environments to your SaaS tools, connect it all – without complexity limits.
vi image

Robust Security Architecture

Store data and secrets in your own environment to own and retain them at all times. 
vi image

Customized for Your Success

Tailor your frameworks, controls, and internal audits to meet the specific needs of your program.
vi image

Data-Powered Compliance

Utilize data-powered Compliance artifacts to gain true visibility into your Compliance posture.
vi image

Cross-Framework Solution

We map evidence to all applicable/relevant controls and frameworks, creating true cross-mapping across frameworks.
vi image

One Workspace for Your Needs

Centrally address all your Compliance needs, with a holistic solution that pairs advanced automation with monitoring capabilities.
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