Contributor Press Release: AuditBoard Unveils New IT Risk Management Solution

Submitted by: AuditBoard

Contributor Press Release - AuditBoard today announced the availability of AuditBoard ITRM, its new IT Risk Management solution. This new offering will enable IT security and risk management professionals to manage their threat landscape, quantify IT-related risks, and improve cyber resilience — helping their organizations keep pace in a world of continuously evolving and expanding business risk.

Despite the continued growth of cybercrime and the expanding digital footprint of today’s enterprise, 44% of organizations still primarily use manual technologies to manage IT risk, according to a recently released AuditBoard survey of North American Chief Information Security Officers (CISOs). This technology gap makes it difficult for IT security, risk, and compliance teams to keep pace and effectively manage their work as they face an increasingly complex cyber risk environment.

AuditBoard ITRM enables collaboration between IT security, and other functions in the business to accelerate the identification and classification of IT systems, perform business impact assessments, and remediate identified issues. The solution also enables CISOs to more effectively report on IT risk in financial terms to the CFO and the board, helping to drive business alignment and unlock investments.

”CISOs and their teams are facing unprecedented levels of cybercrime and IT risk as they guide their organizations through today’s digital-first business environment,” said Rajiv Makhijani, SVP of Emerging Products at AuditBoard. “We’ve purpose-built AuditBoard ITRM to help customers more easily manage this critical work and improve their cyber resilience.”

AuditBoard ITRM extends AuditBoard’s modern connected risk platform and its suite of IT risk and compliance solutions designed for information security teams. Those solutions include AuditBoard CrossComply, the IT framework and compliance management solution that enables automated framework mapping, evidence collection, and continuous monitoring across the enterprise, and AuditBoard TPRM, a solution for managing third-party risk management programs, including IT vendor risk.