RiskWatch

SOX Compliance Management

Manage your SOX Compliance.
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The Challenges

Compliance officers and company executives face a multitude of challenges while managing GDPR compliance in what many regard as a complicated and demanding process. Organizations that store or exchange information of any person in the European Union (EU) are required to comply with The General Data Protection Regulation (GDPR) to ensure that the data is protected.

Challenges stem from the need to prove consent from customers and prospects, have an established process for their right to erasuremonitoring third parties that have access to data, and general data protection. Creating and enforcing policies that consider these areas can prove difficult for an organization that has low visibility between departments and differing methods for assessing compliance.

Rather than addressing one specific area, GDPR compliance requires organizational awareness and trainingProtecting data from both internal and external threats are major challenges for organizations.

 

The Impact

Meeting GDPR compliance can be challenging due to its strict requirements, but if it’s not done companies can face heavy penalties such as fines up to 4% of annual revenue or the equivalent of €20 million. An internal or external error can result in customer loss and damaged reputation as well.

 

Without a reliable platform to streamline assessments and ensure compliance, companies waste precious resources in efforts that still result in fines. Data breaches by third parties are ultimately the responsibility of your organization, meaning failure to utilize a reliable platform to assess third parties can ultimately create fines for your company.

 

Fines for noncompliance ultimately limit growth and limit resources for future risk management efforts, creating a negative snowball effect. Assessing all risks and compliance before a breach or incident occurs is crucial.

Achieve your SOX Compliance 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.

Streamlined Assessments

RiskWatch enables customers to streamline assessments, completing necessary tasks with ever-increasing efficiency. The platform automates functions such as communicating with designated staff members, analyzing data, providing recommended remediation, and writing custom reports.

Pre-built Content Libraries

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.

Product Overview

An Intelligent Physical Security Risk Assessment Platform

SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.

An Information Security Risk Management Platform

CyberWatch is a modern assessment solution that can be utilized by various industries for cybersecurity and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cybersecurity, and track continuous improvement.

A Compliance Assessment and Management Platform

ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.

A Supplier Security Risk Assessment Platform

SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.

A Vendor Security Risk Assessment Platform

VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.

Reduce exposure to liability. Manage risk. Monitor and maintain security. Track continuous improvement. Sign up for instant access to a free trial.
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