Quadraflake Consulting

02/09/2024

Third Party Cyber Risk Assessment

Organisations often outsource their processes to vendors or third parties. Sub-contractors having access to key customer data can become easy targets for cyber criminals due to potentially less sophisticated systems. Self-assessments are an effective tool and must be developed with the goal of gathering sufficient data to assess the organisation’s exposure to cyber risks.

1. The self-assessment must be comprehensive to cover processes related to the data that the third party has access to, such as access control, data protection, incident response, compliance, and even physical security.
2. It should be focussed upon how well policies and procedures are being implemented.
3. It must facilitate open communication between the organisations and the third parties. Transparency helps build trust and ensures everyone is committed to maintaining high security standards.
4. It should form part of continuous monitoring and not be a one-time activity.

We support our clients in both drafting such self-assessments and in developing workflow solutions to handle them.

Send a message to learn more

10/05/2022

Building a data-driven strategy is rarely about the software or the functional process. At Quadraflake, here is how we begin planning data analysis.

https://buff.ly/3M55Egf

04/04/2021

Work-from-home Accountant:

We are looking for an accountant who can work remotely on a cloud-based accounting software. Strong accounting skills with the ability to execute tasks independently are essential. Experience in cloud-based accounting is not mandatory.

Education background: B.Com./M.B.A. Finance/C.A. Intermediate and similar.

04/04/2021

We are looking for an accounting or finance professional who can work remotely on a cloud-based platform. The candidate must possess strong accounting and finance skills to be able to independently execute tasks. Prior knowledge of cloud-based accounting software is not essential.

09/03/2021

Cyber fraud and payment fraud top the list of observed and predicted risks in the wake of the pandemic, according to the


https://buff.ly/3ddbFFj

08/03/2021

Cloud computing, data modelling and cyber security among most demanded skills -

India Business News: Cloud architecture design is expected to be the fastest growing in-demand digital skill, according to an AWS report titled ‘Unlocking Apac’s Digital P

07/03/2021

Rise of the Chief Data Officer? A CDO would have to be someone with mixed skill-sets of understanding data, process and technology.

from MITSloan

Given the proper mandate and the right boss, a CDO can guide companies in treating data as an asset — and reaping the rewards.

06/03/2021

Agile auditing is catching up as teams are facing challenges during the pandemic.

Agile auditing has many advantages from enhanced communication, rapid recognition of emerging risk and real-time assurance.

Explore further in Galvanize’s eBook on best practices for implementing agile audit-

https://www.wegalvanize.com/audit/transition-agile-auditing/

We explore some of the challenges that internal audit teams are facing in the wake of COVID-19, and offer ways to transition to agile auditing.

14/05/2018

We celebrate six years today!!!! 😀😀😀

22/04/2018

We are offering internships in data analytics for graduates. Preferred candidates should have excellent scores in mathematics or statistics, good command over English and demonstrate logical reasoning. Period of internship is 6 months. Interested candidates may send their CVs to [email protected]

24/02/2017

“ERP systems that don’t integrate well can actually create opportunities for fraud. It’s critical to understand ERP systems’ limitations.”

Companies need separate analysis tools to double-check the ERP’s ability to catch outliers and other anomalies that may indicate fraud.

Enterprise Resource Planning systems – the large platforms that integrate a company’s planning, purchasing, inventory, sales, marketing finance, human resources and other departments – are also designed to let analysts search the data associated with each department for signs of fraud.