Updates and Insights
Exceptions – no, this is ok!
False positives are a major problem in security monitoring, causing higher costs and distraction. When following money flows in REMEDYNE the tool will apply rules that are - generally applicable. Best practices or your own rules, but no rule without exception. Your...
Action!
You are monitoring business activity, monitoring creates "alerts" or "exceptions" or "findings" or however you call erroneous or bogus transactions found by the monitoring (and in some cases false positives, more on that in another post). And then nobody reacts in a...
Why Sanctions Lists and PEP Screenings are Important for any Business
Know your customer (KYC) and Anti-Money Laundering (AML) screenings are essential for any firm to remain compliant with international regulations and avoid costly penalties. Regulated businesses are required to run sanctions lists and PEP data screenings on a regular...
Transactions that conflict with themselves – A Note on SAP Note 1600667
There is a very interesting SAP note on "Certain SAP transactions allow users to perform multiple functions which can be inherent segregation of duties risks." (quoted from the SAP note.) SAP continues to explain that for some transactions "there is no way to limit...
Access Violation Management in REMEDYNE: An Introduction
When setting up your SAP authorization concept you follow 2 rules: minimize access (in particular to very risky transactions/data)avoid combinations of access authorizations that are risky, like creating a vendor and posting an invoice for the same vendor. REMEDYNE...
Easy SoD — Segregation of Duties Rules in SAP ERP
Segregation of Duties (SoD) is a major element in SAP authorization concepts: user authorizations should be minimal, i.e. you restrict access to critical functions (single actions), and you try to avoid granting access to critical combinations of activities (SoD),...
Time for an Update – Many Changes in recent Releases
We have been neglecting this blog in the last 2 years or so, but we have been very busy working on the product and with customers. Here comes a short overview of important updates since release 3.0. UI5 App Customers can use our new UI5 app to access alerts from...
New Features in REMEDYNE Fraud Prevention
We have released version 1.4 of our SAP ERP Add-On that helps detecting and resolving fraud, errors and operational inefficiencies. With this new release we have focused on making the software even easier to use. Drill downUsers that investigate alerts in the tool now...
Sanctioned Party List Screening: Ensure Compliance in Trade
A sanctioned party list contains persons and companies with whom trade is prohibited by law. Sanctioned party lists are issued by government agencies and are binding for all traders. Failure to comply with financial or trade sanctions is a criminal offence in many...
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