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IT compliance management involves meeting in accordance with required standards such as NIST, ISO, COBIT, CSA, and more, as well as any custom company policies. Ensuring your organization’s IT systems and data are secure and meet evolving privacy and security requirements comes with its own set of challenges.
Compliance over such a wide field can be difficult to achieve due to the amount of specialized content that continues to change over the years. Without specialized software, companies face difficulties in keeping track of vital data and tasks, engaging and following up with the responsible parties in each area, and writing required reports that dictate assessment findings and remedial tasks to meet compliance.
Additional challenges include meeting time requirements for compliance, which require a streamlined process to avoid extended periods of risk.
IT noncompliance can severely impact an organization’s finances and ability to operate as normal. This impact comes from financial penalties such as fines and lawsuits, customer loss, and the potential suspension of operations or the ability to do business.
Without a reliable platform to streamline assessments and automate key compliance functions such as suggested remediation, automated reports and data analysis, organizations struggle to be compliant. Unorganized compliance programs often require more resources than an organization can spare and leave a company guessing on where the biggest impacts lie.
The average cost of noncompliance in 2020 was nearly $15 million. Excluding the regulatory requirements, noncompliance to some IT frameworks causes unnecessary risk and exposes your organization to a higher likelihood of breaches, data loss, and malware.
The RiskWatch platform automates communication, reducing manual labor and ensuring completion. The platform handles introducing new members to the platform and explains the tasks that are required of them. Automatic reminders occur as deadlines approach and escalation to administration occurs when progress does not occur as expected.
Eliminate emails, phone calls, or manually meeting team members where unnecessary
Save an average of 2 hours per assessment with automation.
Document requests, client interviews, assessment briefings, and more are all automated win the platform.
RiskWatch offers over 50 prebuilt content libraries that are ready for use in our platform. These libraries contain industry standards and regulations, lending subject matter expertise and guidance for organizations. Achieving compliance with these libraries ensures risk is minimized.
Simplify data entry with easy input assessment questions.
Reduce unnecessary costs by eliminating the need for third-party expertise.
Custom libraries and any standard or regulation not already available can be created.
RiskWatch software streamlines the assessment process, using our intelligent analysis methodology to collect all relevant security data and highlighting any security gaps. Real-time analysis aims to improve security positioning without the need to manually compare site data and risk scoring prioritizes projects, allowing you to manage security without getting stuck in the weeds.
Automatically rank sites by risk to prioritize mitigation.
Understand security at a glance with real-time dashboard analytics.
80% time savings when assessments were conducted using previous assessments performed in SecureWatch and compared to a manual assessment process.
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