IT Risk Management


The IT Risk Management solution enables clients to streamline the identification, analysis, and mitigation of IT risks, integrating IT risk data in a common framework for complete visibility. The solution streamlines the IT risk management lifecycle, including risk documentation and assessments, control management, and issue detection and resolution. It enables mapping of IT risks to business risks in order to strengthen reporting. Decision making is optimized through sophisticated analytics and reports that transform raw risk data into actionable IT risk intelligence.

Features

  • IT Risk Identification
    Central IT risk library documenting all aspects of the risk and defining risk taxonomy in a hierarchy to simplify threat modeling
  • Flexible Asset Repository
    Classification of assets as critical or non-critical, and central storage and mapping of asset data, including risks, policies, and control assessments
  • IT Risk Assessment and Analysisv
    IT risk assessment planning, scheduling, and execution through configurable algorithms, supporting multi-dimensional risk assessments
  • IT Control Design and Evaluation
    Defining risk mitigating controls based on industry standard frameworks, integrating with the Unified Compliance Framework (UCF) to map and harmonize controls
  • Issue Management
    Closed-loop process of investigation, root cause analysis, and remediation of issues
  • IT Risk Monitoring
    Risk reports, configurable risk heat maps, and dashboards for IT risk

Advantages

  • IT Risk Identification
  • Flexible Asset Repository
  • IT Risk Assessment and Analysis
  • IT Control Design and Evaluation
  • Issue Management
  • IT Risk Monitoring
  • One-point access to multiple risk frameworks, including COSO, COBIT, and ISO 27000
  • Enhanced IT Risk visibility
  • Streamlined IT risk assessments and control testing
  • Tools for qualitative and qualitative risk assessments
  • 360-degree, real-time view of IT risks across the enterprise
  • Common set of controls by leveraging UCF to map 9,300+ IT controls to 1,200+ regulations and standards