Risk Assessment & Monitoring

Risk Management Platform

Multi-framework risk assessment with automated scoring, gap analysis, and continuous monitoring across all compliance frameworks.

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Interactive Risk Dashboard

Real-time risk scoring and heat maps

The Risk Management Challenge

📋

Manual Risk Assessments

Spreadsheets and documents that become outdated the moment they're finished

🔄

Framework Duplication

Repeating the same risk assessments for SOC 2, ISO 27001, HIPAA, GDPR, and PCI-DSS

👁️

No Continuous Monitoring

Risks assessed once a year with no real-time visibility into changing threats

How Multi-Framework Risk Management Works

1

Identify Risks

Auto-identify risks from assets, integrations, and threat intelligence across all frameworks

2

Score & Prioritize

Automated likelihood and impact scoring with heat maps and risk matrices

3

Gap Analysis

Compare current state to framework requirements across SOC 2, ISO 27001, HIPAA, GDPR, PCI-DSS

4

Track Remediation

Assign owners, set deadlines, monitor progress with real-time dashboards

Comprehensive Risk Categories

Security Risks

All Frameworks
  • • Unauthorized access and data breaches
  • • Malware and ransomware threats
  • • DDoS and availability attacks
  • • Insider threats and privilege abuse
  • • Third-party security vulnerabilities

Operational Risks

SOC 2 • ISO 27001
  • • System outages and downtime
  • • Change management failures
  • • Inadequate disaster recovery
  • • Capacity and performance issues
  • • Key person dependencies

Compliance Risks

HIPAA • GDPR • PCI-DSS
  • • Regulatory violations and fines
  • • Data subject rights failures
  • • PHI/PII unauthorized disclosure
  • • Cardholder data exposure
  • • Audit failures and certifications

Privacy Risks

GDPR • HIPAA
  • • Unauthorized data collection
  • • Consent and preference violations
  • • Data retention policy breaches
  • • Cross-border transfer violations
  • • Data minimization failures

Vendor Risks

All Frameworks
  • • Third-party security incidents
  • • Vendor bankruptcy or acquisition
  • • Contract and SLA violations
  • • Sub-processor data access
  • • Vendor compliance failures

Financial Risks

SOC 2 • PCI-DSS
  • • Fraud and financial loss
  • • Payment card data breaches
  • • Business disruption costs
  • • Regulatory fines and penalties
  • • Reputation and customer loss

Automated Risk Scoring & Heat Maps

Risk Scoring Formula

Likelihood (1-5)

Very Unlikely1
Unlikely2
Possible3
Likely4
Very Likely5

Impact (1-5)

Negligible1
Minor2
Moderate3
Major4
Catastrophic5
Risk Score = Likelihood × Impact

1-5 = Low | 6-12 = Medium | 15-25 = High

Low Risk

1-5

Monitor and review quarterly

Medium Risk

6-12

Implement controls within 90 days

High Risk

15-25

Immediate action required

Multi-Framework Gap Analysis

Compare Current vs. Required Controls

SOC 2

88%
82 / 93 controls implemented11 gaps remaining

ISO 27001

82%
76 / 93 controls implemented17 gaps remaining

HIPAA

78%
14 / 18 controls implemented4 gaps remaining

GDPR

86%
85 / 99 controls implemented14 gaps remaining

PCI-DSS

75%
9 / 12 controls implemented3 gaps remaining
Average 82% Compliance

49 total gaps identified across all frameworks • Estimated 8-10 weeks to remediate

Risk Register & Remediation Tracking

Risk Register Features

  • ✓Centralized repository for all identified risks
  • ✓Risk owner assignment and accountability
  • ✓Treatment plan documentation (accept, mitigate, transfer, avoid)
  • ✓Control effectiveness ratings
  • ✓Residual risk calculation after controls
  • ✓Risk review dates and status tracking
  • ✓Multi-framework tagging and mapping
  • ✓Version history and audit trail

Remediation Planning

  • ✓Automated remediation recommendations
  • ✓Priority sequencing based on risk score
  • ✓Control implementation timelines
  • ✓Resource allocation and effort estimates
  • ✓Dependencies and prerequisite tracking
  • ✓Progress milestones and checkpoints
  • ✓Verification and validation workflows
  • ✓Real-time status dashboards

Example Risk Register Entry

Risk ID
RISK-2024-023
Status
In Progress
Risk Description
Unauthorized access to production database due to inadequate privilege management
Likelihood
4 (Likely)
Impact
5 (Catastrophic)
Inherent Risk
20 (High)
Residual Risk
8 (Medium)
Frameworks
SOC 2 CC6.1ISO 27001 A.9.2HIPAA 164.308(a)(4)
Owner
CISO
Due Date
2024-12-31
Treatment Plan
Implement role-based access control (RBAC), enable database audit logging, deploy privileged access management (PAM) solution

Vendor Risk Management

Third-Party Risk Assessment Workflow

1

Vendor Inventory

Maintain complete registry of all vendors with data access

Vendor contact detailsServices providedData types accessedContract termsSub-processors
2

Risk Assessment

Evaluate security posture and compliance status

Security questionnairesSOC 2/ISO 27001 reportsPenetration test resultsInsurance certificatesCompliance attestations
3

Risk Scoring

Automated risk scoring based on criticality and evidence

Data sensitivity levelService criticalitySecurity controlsCompliance statusBreach history
4

Continuous Monitoring

Ongoing monitoring for changes in risk profile

Certificate expiration alertsBreach notification monitoringAnnual review remindersContract renewal trackingControl re-assessment
150+

Vendors Tracked

Centralized vendor registry with risk profiles

45

High-Risk Vendors

Requiring enhanced due diligence and monitoring

92%

Certification Rate

Vendors with valid SOC 2 or ISO 27001 reports

Continuous Risk Monitoring & Heat Maps

Real-Time Risk Dashboards

  • ✓Live risk heat maps by category and framework
  • ✓Risk trend analysis over time
  • ✓Control effectiveness monitoring
  • ✓Gap closure progress tracking
  • ✓Vendor risk score changes
  • ✓Incident correlation and impact
  • ✓Remediation pipeline status
  • ✓Executive summary reports

Automated Alerts

  • ✓New high-risk items identified
  • ✓Risk scores exceeding thresholds
  • ✓Remediation deadlines approaching
  • ✓Control failures detected
  • ✓Vendor certificate expirations
  • ✓Compliance gaps increasing
  • ✓Risk treatment plan overdue
  • ✓Security incidents requiring risk updates

Risk Heat Map Example

1
Negligible
2
Minor
3
Moderate
4
Major
5
Catastrophic
5
Very Likely
2
1
1
4
Likely
3
4
2
1
3
Possible
5
6
3
1
2
Unlikely
8
4
2
1
Very Unlikely
12
6
2
1
Low (1-5)
Medium (6-12)
High (15-25)
62 Active Risks Tracked

26 Low • 31 Medium • 5 High | Average risk score trending down 15% over last quarter

Transform Your Risk Management Program

Stop managing risks in spreadsheets. Get real-time visibility with automated scoring, gap analysis, and continuous monitoring across all frameworks.

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SOC 2 & ISO 27001 Certified
GDPR & HIPAA Compliant