AuditBoard, a leading provider of integrated risk management solutions, has recently introduced AuditBoard ITRM, a specialized offering designed to meet the needs of Chief Information Security Officers (CISOs) and their teams. This new solution serves as an extension to AuditBoard’s existing connected risk platform and suite of IT risk and compliance solutions, catering specifically to information security teams.
Among the offerings provided by AuditBoard’s IT risk and compliance solutions are AuditBoard CrossComply and AuditBoard TPRM. AuditBoard CrossComply is an IT framework and compliance management solution that facilitates automated framework mapping, evidence collection, and continuous monitoring throughout an organization. On the other hand, AuditBoard TPRM offers a scalable solution for managing third-party risk management programs, including the assessment of IT vendor risk.
AuditBoard ITRM has been specifically crafted to foster collaboration between IT security and other departments within an organization. Its primary objective is to expedite the identification and classification of IT systems, conduct business impact assessments, and address any identified issues in a timely manner. By streamlining these processes, AuditBoard aims to enhance an organization’s cyber resilience.
Additionally, AuditBoard ITRM enables CISOs to effectively communicate IT risk in financial terms to key stakeholders such as the Chief Financial Officer (CFO) and the board. By translating technical jargon into a language that resonates with business leaders, CISOs can foster greater alignment and secure necessary investments for cybersecurity initiatives. This capability proves invaluable in an era where cybersecurity is increasingly recognized as a critical business risk.
Rajiv Makhijani, Senior Vice President of Emerging Products at AuditBoard, expressed the purpose behind the development of AuditBoard ITRM, stating, “We’ve purpose-built AuditBoard ITRM to help customers more easily manage this critical work and improve their cyber resilience.” With cybersecurity threats growing in sophistication and complexity, organizations need robust solutions like AuditBoard ITRM to effectively safeguard their digital assets.
The launch of AuditBoard ITRM comes at a time when cyber threats pose significant challenges to organizations across industries. From ransomware attacks to data breaches, the stakes for effective IT risk management have never been higher. CISOs and their teams are tasked with the enormous responsibility of identifying, mitigating, and preventing potential risks to their organization’s digital infrastructure. AuditBoard ITRM equips them with the necessary tools and functionalities to meet these demands.
In addition to its core functionalities, AuditBoard ITRM also offers advanced reporting capabilities. CISOs can generate comprehensive reports on IT risk, allowing them to communicate the potential financial impact to the CFO and the board. By quantifying risks in financial terms, CISOs can articulate the importance of investing in cybersecurity measures as a means of safeguarding the organization’s resources and reputation.
AuditBoard’s introduction of AuditBoard ITRM represents the company’s ongoing commitment to delivering innovative solutions that address the evolving needs of the market. With its comprehensive suite of IT risk and compliance solutions, AuditBoard aims to empower CISOs and their teams to navigate the complex landscape of cybersecurity with confidence.
As organizations continue to grapple with the ever-present threat of cyber attacks, the importance of robust IT risk management solutions cannot be overstated. AuditBoard ITRM serves as a powerful tool to help organizations bolster their cyber resilience, streamline risk identification and classification processes, and enhance collaboration among different departments. By leveraging AuditBoard ITRM, CISOs can effectively communicate the financial impact of IT risk and pave the way for increased investment in cybersecurity measures. With this latest offering, AuditBoard solidifies its position as a trusted partner in the realm of integrated risk management.