In recent times, most businesses have invested heavily in strong governance, risk management and compliance assurance. However, they continue to be subjected to immense pressure from their customers, shareholders and employees to strengthen accountability, demonstrate ethical practices and to face legislation change head-on.
This is particularly true when it comes to reducing the risk of fraud and penalties by ensuring that a strong segregation of duties (SOD) regime is maintained.
However, maintaining the SOD environment can be an operational difficulty when a business is faced with frequent changes in staff roles, difficulties in tracking audit and remediation status, challenges in managing user authorizations or maintaining rigor in access reviews, and, more frequently, a lack of visibility on access related risks – any one of which risks exposure to fines, penalties and litigations for SOD violations.
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