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e-Assurance
Despite the current slowdown in the IT sector, information technology and digital communications will continue to transform businesses. KPMG's ability to provide assurance in these areas helps clients take advantage of the efficiencies and new opportunities presented by this transformation.
Electronic Business Risk Management services
E-business continues to change "the shape of enterprise, the speed of action, the nature of leadership", along with the risks and opportunities organizations face. Whether traditional companies or pure dot-com enterprises, all organizations will become subject to the evolving rules of the new economy. As a result, every organization needs to ensure effective business controls to sustain a profitable position.
KPMG's e-business Risk Management Service ('EBRMS') is a comprehensive suite of methodologies designed specifically to provide an end-to-end risk management framework to businesses on the Internet in the following ways:
- helping e-businesses in evaluating and strengthening the controls established in identifying and managing the risks during the strategic decision making process;
- assessing the robustness of business processes in handling ever-increasing loads in a consistent manner, with assured end results;
- evaluating the consistence of web presence with the organizational image and providing good practices to enhance visibility;
- enhancing reliability, availability, and consistency of systems performance in meeting the business requirements and improve the customer's experience; and
- providing an ongoing service to secure the web presence against ever increasing and innovating external and internal elements of threat.
An Electronic Business Risk Management Review identifies the capabilities developed by an e-business is developing a controls framework and the progress achieved in implementing them.
Public Key Infrastructure
The growing popularity of Internet as a communications, marketing, and distribution medium has revolutionized e-commerce. Propelled by competitive pressures and evolving business needs, increasing number of organizations are beginning to use the Internet with hopes of reducing operating costs, penetrating new markets, and providing better service to their clients.
Organizations need to consider and address the following threats while reaping the benefits of e-commerce:
- financial loss from fraud;
- theft of proprietary information resulting from unauthorized access;
- loss of customer confidence due to compromised data integrity;
- loss of business due to a disruption in service; and
- concern and criticism from clients due to inadequate privacy controls.
The use of public key infrastructure (PKI) technology is emerging as the standard for providing a trusted, secure communications and transaction environment. PKI is a set of security services that enables the use of public-key cryptography, digital certificates, and digital signatures. PKI provides data confidentiality, data integrity, entity authentication, and transaction non-repudiation services that are critical for conducting business online.
Benefits to clients' business
The methodology provides the clients with:
- consistent web presence with respect to business requirements and customer needs;
- assurance that controls are capable of addressing the inherent risks to the business processes;
- focus on controls through out the project life cycle where critical configuration and business change decisions are made;
- enhanced community of trust; and
- improved operating effectiveness.
Potential benefits
- consistent web presence with respect to business requirements and customer needs;
- assurance that controls are capable of addressing the inherent risks to the business processes;
- focus on controls through out the project life cycle where critical configuration and business change decisions are made;
- enhanced community of trust; and
- improved operating effectiveness.
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