Secureframe Risk Management Overview
Secureframe’s Risk Management module is a comprehensive and integrated solution designed to help organizations effectively identify, assess, and mitigate risks while ensuring compliance with various regulatory frameworks such as SOC 2®, ISO 27001, PCI DSS, and HIPAA.
Purpose and Process
The Risk Management module follows the ISO 27005 methodology, guiding users through a structured process to describe, assess, and treat each risk. This involves filling out detailed information for each risk, including risk descriptions, risk IDs, risk owners, and categorization by departments and tags. Users can also select the impact and likelihood of each risk using either the default scoring model or a custom scoring model, which automatically calculates inherent and residual risk scores based on the selected treatment decisions.
Key Features
Risk Library
Secureframe provides a risk library that includes pre-built risks based on NIST risk scenarios, categorized by areas such as Legal, Finance, and IT. This library helps organizations quickly identify and add relevant risks to their risk register, saving time and effort in the risk assessment process.
Flexible Data Import and Management
The platform offers flexible CSV uploads, allowing users to import their existing risk registers seamlessly without the need for pre-formatting. The workflow guides users in matching columns from their existing spreadsheets to the fields in Secureframe, ensuring a smooth transition.
Task Management and Notifications
Secureframe enables the creation of risk management tasks with the option to assign owners, set due dates, and send notifications via email, Jira, or Slack. This feature enhances collaboration and ensures timely completion of tasks to maintain a strong risk posture.
Control Linking
The module allows users to link compliance controls to identified risks, aligning the compliance program with the risk management program. This linkage helps in displaying the steps taken to mitigate risks and identifies gaps for proactive treatment and response.
Historical Risk View and Archiving
Users can view snapshots of their risk register from any date in the past, providing historical data to demonstrate progress and improvements made over time. Additionally, the platform allows for the viewing and hard deletion of archived risks to maintain accuracy and visibility into historical data.
Custom Scoring and Tags
The Enhanced Risk Management module offers customization options, including custom scoring scales and custom tags. This allows organizations to adjust their risk scoring to align with their specific definitions of high, medium, and low risks and to create risk groups specific to their business needs.
Dashboards and Visualization
Secureframe provides powerful dashboards that offer a holistic view of an organization’s risks. These dashboards include graphical representations such as heat maps, summary tables, and trend charts, making it easy to communicate top risks and the overall health of the risk management program to stakeholders.
AI-Powered Capabilities
The platform leverages advanced machine learning and natural language processing through Comply AI for Control Mapping, intelligently suggesting control mappings to risk assessments. This automation helps in efficiently managing security, risk, and compliance tasks.
Benefits
- Streamlined Compliance: Secureframe automates and streamlines the end-to-end compliance process, saving time and ensuring quick compliance.
- Enhanced Visibility: The platform provides continuous monitoring and tracking of assets and employees, along with historical risk data, to demonstrate improvements and maintain a strong security posture.
- Improved Collaboration: Task management and notification features ensure that all stakeholders are informed and involved in the risk management process.
- Customization and Flexibility: The module offers customizable scoring models, tags, and dashboards to align with the unique needs of growing businesses.
By integrating these features, Secureframe’s Risk Management module helps organizations confidently manage and reduce risk, improve their security compliance posture, and accelerate business growth.