American Express
Risk Management Software for Government
Industry Challenges
Government departments and agencies are under increased pressure to perform at high efficiency and at an increasing level of transparency, yet this is often not possible due to industry restraints. Nearly 25% of departments report outsourcing all or part of their compliance and risk assessment functionality, typically as a result of time and budget limits. In addition, 73% of government employees report not being actively engaged in their jobs!
Our Solution
We developed government-specific content to meet these needs. Using RiskWatch software, you can replace subjective analysis with objective criteria in a defined and structured process that promotes tracking improvement over time. This enables clarity and transparency with risk and compliance scores. Software automation reduces effort spent and allows in-house employees to be engaged and present in risk management and compliance.
You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
Key Benifits
- Standardize and automate assessment functions like data collection, analysis, reporting, remediation, and action plans to mature your program.
- Monitor data in real time from the dashboard and easily visualize risk and compliance with drill-down maps and charts to identify high risk or non-compliance.
- Automatically build reports covering risk, compliance, security gaps, recommendations and task status that can easily be shared.
- Use over 35 content libraries ready for off-the-shelf use in assessments, eliminating the need to develop internal subject matter expertise.
- Real-time risk profiles and scores that update as changes occur on your platform.
Additional Benifits
- Smart emails automatically introduce your personnel to the assessment process and walk them through to completion.
- Our platform can serve as a central repository for documentation (e.g. evidence of compliance, policies, contracts, etc.)
- Provides a comprehensive view of organizational compliance. Recommendations are automatically offered to identify and mitigate gaps and vulnerabilities.
- Easily customizable. Each platform is designed to work with all government departments and agencies, adapting to existing terminology and formatting.
- All data is protected with strong encryption, both in transit and at rest.
Can You Afford Non-compliance?
Government call out
In 2018, the Department of Defense Office of Inspector General found several violations in the U.S. Navy’s security systems for its hospitals. The violations could result in monetary fines of up to $1.5 million each year. Violations were cited as ineffective administrative, technical, and physical security protocols. These included the need to configure EHRs to lock after periods of inactivity and failure to have passwords meet DoD length/complexity requirements.For more information, click here.
Try any of our products, for free.
Riskwatch products are easy to use, free to try, and can be customized to fit your business needs.
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