Comprehensive MSP GRC tools to streamline operations, Risk Cognizance offers an AI-powered GRC software platform tailored specifically for MSPs, providing the tools necessary to streamline compliance processes, enhance risk management, and ensure regulatory adherence.
Overview
As a Managed Service Provider (MSP), ensuring compliance and maintaining robust security standards is critical to protecting your clients and upholding your reputation. The complexities of governance, risk management, and compliance (GRC) require a solution that is not only comprehensive but also adaptable to the unique needs of your organization. Risk Cognizance offers an AI-powered GRC software platform tailored specifically for MSPs, providing the tools necessary to streamline compliance processes, enhance risk management, and ensure regulatory adherence.
Risk Cognizance integrates advanced automation and intelligent monitoring into your GRC framework, allowing you to stay ahead of evolving threats and regulatory requirements. This platform empowers MSPs to efficiently manage compliance obligations, mitigate risks, and deliver superior security services to their clients. With Risk Cognizance, you can focus on what matters most—protecting your clients and growing your business—while the software handles the complexities of GRC management.
Governance, Risk, and Compliance (GRC)
Third-party Risk Management
Ransomware Susceptibility
GRC and Attack Surface
Artificial Intelligence
Key Features and Capabilities of Risk Cognizance
1. Automated Compliance Workflows:
Streamline the implementation of internal controls and policies across your organization.
Automate routine compliance tasks to reduce manual effort and minimize errors.
Ensure consistent application of financial controls to meet SOX and other regulatory requirements.
2. Comprehensive Control Management:
Implement and manage all required internal controls, including those related to financial reporting and disclosures.
Customize your compliance approach to address specific operational and reporting needs.
Document and manage control activities effectively to align with industry standards.
3. Risk Assessment and Control Testing:
Perform detailed risk assessments to identify potential weaknesses in your controls.
Automate control testing and generate audit-ready reports to demonstrate compliance.
Gain real-time insights into control effectiveness and proactively address potential issues.
4. Centralized Documentation Management:
Manage all GRC-related documentation, including control narratives, risk assessments, and evidence, in one centralized repository.
Maintain an organized, audit-ready documentation library for easy access and updates.
Ensure documentation is consistently updated to reflect compliance efforts and regulatory changes.
5. Continuous Monitoring and Reporting:
Implement continuous monitoring to assess the effectiveness of your internal controls.
Automate the generation of compliance reports and dashboards for internal stakeholders and auditors.
Monitor key control indicators in real-time to ensure ongoing compliance.
6. Incident Management and Response:
Rapid response time of 2 hours for incident management, with incidents handled per established Standard Operating Procedures (SOPs).
Manage an estimated 12 incidents per year, with approximately 8 hours of effort per incident, including post-incident review.
Conduct weekly meetings and training sessions on incident management, and provide quarterly incident summaries.
7. Advanced Threat Monitoring:
Dark Web Monitoring: Gain full visibility into your organization’s information being traded or sold on hidden parts of the internet, such as Tor, ZeroNet, and other underground forums.
Deep Web Monitoring: Protect against threat actors planning to steal confidential information or sell proprietary data on obscure online platforms.
Infrastructure Monitoring: Uncover phishing attempts, website downtimes, and new service vulnerabilities within your organization's infrastructure, ensuring continuous customer trust and engagement.
8. Brand Protection and Threat Mitigation:
Domain Takedown: Identify and swiftly remove risky domains targeting your employees or customers, preventing potential attacks before they escalate.
Phishing Page Detection: Proactively detect and block deceptive phishing pages across the internet, ensuring that your brand’s reputation remains intact and trusted.
Logo Abuse Detection: Leverage AI-powered sentiment analysis to detect and address instances of logo abuse, protecting your brand’s image and identity.
Fake App Identification: Identify and take down fraudulent apps that impersonate your brand, safeguarding your reputation and preventing customer deception.
Social Media Monitoring: Detect trends, keyword impersonations, and account abuse on global social networks, reducing the risk of reputational damage.
9. Audit Preparation and Support:
Support the audit process, including preparing documentation and coordinating with auditors.
Automate the preparation and submission of required materials to streamline the audit process.
Manage audit findings and remediation efforts to ensure a smooth audit experience.
10. Integration with Existing Systems:
Seamlessly integrate Risk Cognizance with your existing financial management and ERP systems.
Utilize API integrations for customized workflows and data sharing.
Ensure a unified approach to financial control and compliance across all business systems.
11. Automated Analysis and Real-Time Insights:
Use AI/ML-driven analysis to filter noise and gain actionable intelligence on real-time threats to your brand assets.
Access comprehensive coverage of your brand assets through an intuitive dashboard, offering a single view of data feed searches from over 100 billion resources.
Receive instant notifications when malicious actors target your customers for financial gain, allowing for quick and effective responses.
12. Continuous Platform Updates and Support:
Benefit from regular platform updates to keep up with the latest compliance standards.
Access dedicated customer support to ensure smooth implementation and usage.
Continuous improvements enhance the platform’s capabilities to meet evolving compliance needs.
With Risk Cognizance, your MSP will have the comprehensive, AI-powered tools needed to identify, mitigate, and manage risks across your clients' digital environments. From automating compliance workflows to providing advanced threat detection and brand protection, Risk Cognizance ensures that you can deliver exceptional security services while meeting all regulatory requirements.