Products: Overview
The operational environment for today’s business leaders has never been more demanding. An uncertain economic climate, market volatility, and industry consolidation all add to the challenges. In addition, we are seeing an unprecedented surge in regulatory requirements particularly those relating to data security and the protection of personally identifiable information (PII) and protected health information (PHI). Analysts predict regulations will continue to grow in complexity requiring even greater executive attention and visibility.
State and Federal data privacy laws impose a significant burden on organizations that can make compliance a time consuming and expensive proposition. Today, many organizations continue to manually administer these compliance-related processes. These include: audits and assessments to identify risks to PII and PHI; the mitigation of those risks; managing security policies and procedures related to the protection of PII and PHI; training employees regarding risks; and, manually identifying and remediating compliance gaps.
That is why RiskAnalytics developed real-time, governance, risk management and compliance solutions with the capacity to adapt as the nature of the risks and regulatory requirements change. RiskAnalytics’ dynamic GRC framework is instantiated in two next generation solutions:
- Cyber-RiskTools™ – an adaptive governance, risk management, and compliance solution for data security;
and, - BP-RiskTools – web-based utilities and applications to identify and manage business process risks, including environment, health, safety and transportation risk affecting businesses large and small.