Faro Security: Corporate security management in moments of transformation

As a groundbreaking firm, connoisseur of the digital era we are currently living through, GMV has set up a corporate security management platform called Faro Security. This models the company’s security process corporately and uniformly, seeking standardization, simplicity and truthfulness of information throughout the whole company and in all the countries it trades in.

BBVA has been managing its corporate security, one of its most critical functions, by means of Faro Security since 2012. To date BBVA has rolled out the solution in 11 countries for a total of over 1000 users.

Inés Díaz Ochagavia, Banking Corporate Security at BBVA, and Javier Zubieta, head of cybersecurity business development manager at GMV’s Secure e-Solutions sector, tells us about the advantages of Faro Security, stressing how essential it is to “manage” from a host of different viewpoints (risks, legislation compliance, expectations …) to ensure a secure transformation in business processes.

How does Faro Security improve security management?

  • It gives us a better awareness of the type of incident occurring and where. The tool’s high level of inbuilt automation helps to optimize times. It also generates real-time reports containing all the information any user may need at any moment, sends incident-notifying emails to user groups, predefines templates and displays risk maps …
  • It collates all important security-incident information that may derive from any proceedings. It will also take on responsibility for evidence custody (eg, site images that might help to clear up the perpetrator of a theft).
  • It maintains and manages all the organizations’ security documentation: protection plans, operational procedures, applicable legislation, checklists, cybersecurity policies, etc. It keeps a single, global repository, cutting out many overlaps and incongruences.
  • It streamlines security system maintenance operations, keeping a detailed control of incidents, of system renewals, budget control, etc.
  • It keeps a record of external supplier performance, especially in the outsourced surveillance service. This service accounts for the lion’s share of any private security budget and any organization needs to ensure that the contracted service is the service actually received.