Risk-as-a-Service | Risk Assessments as a Service (RA-aa-S)
Overview
Managing Governance, Risk, and Compliance (GRC) teams are crucial for helping organizations navigate complex risks across portfolios, clients, and subsidiaries. Risk-as-a-Service (RaaS) offers a scalable solution designed to consolidate and manage risks effectively, providing a unified platform to identify, assess, and mitigate risks with ease.
What is Risk-as-a-Service (RaaS)?
Risk-as-a-Service (RaaS) is an advanced GRC solution that empowers organizations to streamline their risk management processes. RaaS integrates past risk assessments, frameworks, and best practices, creating a centralized risk register that simplifies the tracking and remediation of risks. By consolidating risks into a single interface, organizations can enhance their ability to proactively manage their risk landscape while maintaining continuous compliance.
Key Features of Risk-as-a-Service
Smart Assessments
Perform risk, compliance, and vendor assessments in half the time using automated controls mapping and AI-powered autocomplete features. Generate editable .docx reports that provide actionable insights and roll-up dashboards for NIST CSF, HIPAA, SOC 2, ISO 27001, PCI, and more.
Auto-Identify Findings & Recommendations
Automatically detect risks and issues based on assessment responses, with AI-driven risk scoring and recommendations mapped directly to controls. Track and manage risks, issues, and tasks with ease through a unified register for real-time decision-making.
Risk Register
Consolidate and manage all risks from assessments, issues, and vulnerabilities in a single, comprehensive risk register. Apply plans and controls to mitigate and reduce risks efficiently, ensuring your organization’s GRC efforts are streamlined and effective.
Compliance Assessments
Achieve compliance faster by assessing once and meeting requirements across 100+ global frameworks and regulations. With advanced controls mapping, Risk Cognizance enables quick and accurate compliance for multiple standards like NIST, ISO, HIPAA, and more.
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Third-Party Assessments
Manage vendor relationships and third-party risks effortlessly, leveraging integrated data from leading third-party risk tools. Ensure that your entire risk ecosystem—across business units and external partners—remains secure and compliant.
Continuous Controls Monitoring
Integrate with vulnerability, third-party risk, and cloud platforms to instantly assess your risk and compliance posture. Maintain continuous monitoring for vulnerabilities, and stay ahead of emerging risks with real-time updates and automated alerts.
Policy Management
Centralize your organization's policies and streamline attestation campaigns. Measure compliance adherence to controls and gain full visibility into how your teams are performing against industry standards.
Risk Assessments as a Service
Regulation Compliance Platform Third-party risk assessments are essential for achieving cybersecurity regulation compliance, identifying gaps, and informing prioritized solutions. These assessments help organizations avoid penalties and strengthen their security posture. Cyber Insurance Requirements Our platform help Cyber Insurance firm reduce claims and assist client in reducing their attack surface. | Regulated companies often require suppliers to comply with the same security standards, necessitating third-party risk assessments. Meeting these demands fosters trust and ensures compliance with contractual obligations. Security Strategy & Budget A solid security strategy relies on identifying gaps through risk assessments, which reveal vulnerabilities. Prioritizing controls based on risk helps organizations allocate budgets effectively to address critical security areas. |
Why Choose Risk-as-a-Service (RaaS)?
- Scalable & Customizable: Tailor your GRC solutions to meet the unique needs of your organization, ensuring that all risks, compliance needs, and assessments are efficiently managed.
- AI-Driven Insights: Use advanced AI tools to identify risks, automate findings, and generate comprehensive, actionable recommendations mapped directly to your controls.
- Unified Platform: Streamline risk management by consolidating risks, compliance assessments, and third-party data in one centralized platform.
- Continuous Compliance: Maintain continuous monitoring and ensure real-time compliance with over 250+ integrations from leading security and risk management platforms.
Risk-as-a-Service (RaaS) from Risk Cognizance offers a powerful, scalable solution for organizations looking to navigate and mitigate risks in an increasingly complex regulatory and risk environment. With a robust platform that integrates risk assessments, third-party data, and continuous monitoring, RaaS provides everything you need to protect your organization’s assets and ensure compliance across all business units.
Learn More & Get Started Today
Contact us today to discover how Risk-as-a-Service can help you enhance your risk management and compliance efforts, drive operational efficiency, and ensure long-term success.