IT Risk Management Application

What is IT Risk Management?

IT Risk Management is the practice of applying risk management methodologies to the ever evolving and increasingly complex world of Information Technology. 

IT Risk Management on Risk Cloud

Risk Cloud™ is a cloud-based platform with a suite of pre-built Applications that transforms the way you manage GRC processes by combining expert-level content and service with easy, no-code technology.

Risk Cloud’s IT Risk Management Application is built to streamline your processes that identify and capture critical information assets across your enterprise. This Application protects your critical IT assets and sets up a mitigation plan when you need them.

Identify Your Greatest IT Risks

Identify Your Greatest IT Risks

  • Capture data elements related to each IT asset with a flexible data model to support risk identification from multiple sources
  • Prioritize the evaluation of key IT assets based on business criticality and easily adjust the attributes captured for each IT asset as you scale
  • Customize your inventory of threat actors and threat events and centrally track known vulnerabilities and severity scores
  • Stay proactive with built in reports and remediation plans

Protect Assets in Real Time

  • Instantly view priorities across your entire inventory of IT Assets and evaluate controls used to protect each IT asset
  • Create up to date reporting of residual risk for all IT assets and track assessments and controls testing activity and progress
  • Eliminate IT processes or controls that are not effectively or consistently mitigating risk
  • Automatically begin risk treatments with accompanying assignments  when risks are over your designated tolerance level
Protect Assets in Real Time
Customize Your IT Controls Register

Customize Your IT Controls Register

  • Configure your IT risk assessment methodology based on your organization’s risk appetite and design custom rules based on ratings for confidentiality, integrity, and availability
  • Leverage Risk Cloud’s Control Repository to apply as many relevant control frameworks needed for your program, including NIST 800-53, COBIT 5 and ISO 27002
  • Map to authoritative sources from the Controls Repository with real-time reporting on authoritative source coverage
  • Automate remediation efforts assigned to respective IT asset and easily map to applicable controls of your choosing

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