Entity type automation
SPEAKER: Let's take a look at how automation streamlines entity, risk, and control creation for Aglow
Travel Co. Aglow Travel Co utilizes a corporate accounts entity type to manage its corporate customers.
For example, entities like Fortunate Banking, Cloud Dimensions and Clean Energy Co are generated
based on records from its core company source table using specific entity filter conditions. When the
corporate accounts entity type is associated with the risk statement "unauthorized updates to information
for fraudulent purposes," registered risks are automatically generated for each entity. This helps the risk
team ensure that any unauthorized updates are flagged and managed promptly for each account.
Similarly, associating the entity type with the risk statement "theft of intangible assets in digital form"
generates registered risks for each scoped entity. This automation helps the organization assess the risk
of digital asset theft at an account level. When the entity type is associated with the control objective
"maintain privacy framework to protect restricted data," controls are automatically generated for each
entity. This happens because the creates control automatically field is set to True.
What's more, entity types have dynamic capabilities. New records in the source table that match the filter
conditions are automatically added as entities within the corporate accounts entity type. For example,
when nest and eggs was added to the core company table and met the filter conditions, it was
automatically generated as an entity.
Nest and eggs then benefited further from the automation processes. Risks and control records were
created automatically, ensuring it was immediately integrated into Aglow Travel Co's risk management
and control framework. To summarize, entity filters, automate the generation of entities' risks and
controls, making risk and control management efficient and effective. Stay secure, Aglow Travel Co.
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