Teams need assistance developing a road map for evaluating risks, identifying opportunities, and making informed decisions on how to mitigate risk. Protecting your assets, preventing costly penalties, and maintaining your reputation are major challenges for all involved.
Internal Security Audits
Manage your Internal Security.
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The Challenges
An internal security audit is necessary to ensure policies and procedures are being followed, which help prevent fraud, breaches, and unproductive operations. There are a multitude of challenges involved in this process, such as standardizing risk scoring, completing detailed reports based on risk data, making risk-based resource allocation decisions, and following up on mitigation.
This process requires a standardized process of assessing assets, identifying threats, and prioritizing risks. A large challenge is a need for quality frameworks to be referenced in the audit and ensure compliance with applicable regulations and industry standards. Preparing this content and gathering assessment data is time-consuming, leaving little availability for data analysis and mitigation.
The Impact
Customers have reported a previous inability to perform regular internal security audits due to an unorganized risk management process that took too many resources to complete. This left them exposed and vulnerable, hoping that their current security standing would suffice until the next audit.
Without a reliable platform to streamline internal audits and automate key functions such as report writing and data analysis, these customers were struggling to gain a complete and total view of their risk standing. This left numerous security gaps over extended periods of time while teams assessed areas at random and began mitigation before comparing risk scores and the impact on the organization.
Gaps in security leave your organization vulnerable to attacks and penalties, ultimately limiting growth, damaging reputation, and declining morale. Impact increases over time as costs are reduced, processes are improved, and risk is better managed.
Achieve your Internal Security Audit Goals with RiskWatch
Automated Analysis
RiskWatch software streamlines the assessment process, using our intelligent analysis methodology to collect all relevant security data and highlighting any security gaps. Automated 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.
Risk Scoring
RiskWatch provides a calculated score that tells you how severe a risk is, based off of several factors. Without a standard model for risk scoring, risk and security teams would continually struggle to communicate internally about how to allocate resources appropriately in order to minimize costs and impact to business.
- RiskWatch formula: (Threat Level + Criticality + Gap Score) x Consequence
- Universal scoring eliminates subjectivity across departments and locations.
- RiskWatch scoring adds simplicity, providing accurate data that is easy to understand and work with.
Automated Reporting
RiskWatch enables customers to standardize and automate reporting functions directly within the platform. Several report templates are included by default, with the added option to create custom templates. Templates can be saved to meet data and visual preferences. With the correct templates saved, generate any report with a single click.
- Save an average of 16 hours per report
- View robust data from multiple sources within a single place.
- Increase transparency with any data available in any format, on demand.
Product Overview
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Reduce exposure to liability. Manage risk. Monitor and maintain security.
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