Standard Chartered adds Citicus ONE to information risk management toolset

Standard Chartered, one of the world’s leading international banks, is using the Citicus ONE web-based, automated risk management solution to monitor and reduce risk affecting global IT systems. The decision is part of Standard Chartered’s commitment to build an integrated, dynamic approach to information security and corporate governance driven by a better understanding of information risk across the business lifecycle.

Citicus ONE, developed by UK-based Citicus Limited, will help Standard Chartered to measure and analyse information risk so that they can focus risk investment and resources where they are most needed and will be most effective. Initially, Standard Chartered will use Citicus ONE across five very different core systems spread geographically. These range from a major mainframe-based branch banking system in Hong Kong to a mid–range front-office system for high-value trading and foreign exchange. If these initial trials are successful, Standard Chartered plans to role out Citicus ONE to its 50 top tier line-of-business applications globally.

Citicus ONE allows Standard Chartered to capture risk data and take an aggregate view of information security risk across the enterprise as well as to measure dependency risk - the impact of risk in one system on other related systems.

www.citicus.com

•Date: 26th March 2004 •Region: UK/World •Type: Article •Topic: Financial sector
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