ComplianceVigil – IT Risk Assessment & Compliance Management Solution
For effective IT Risk Assessment and Compliance Management, organizations today have to demonstrate adherence to a series of standards and controls while proving that they actually exist. But there are challenges in implementing in performing an IT risk assessment and ensuring compliance management is proper; especially in the form of determining the relevant regulations that need to be adhered, while ensuring the evidence gathered is in compliance with the identified regulations. Non-compliance can affect a business’ reputation and shake customer confidence. This is mainly because it directly translates to a questionable integrity of the organization. Happiest Minds ensure these challenges are overcome though its robust IT risk assessment and compliance management solutions.
Only platform that can deliver
logical & technical control monitoring
from the Cloud
Governance, Risk & Compliance
Methodology, management, automation, monitoring and reports bundled into a
single platform & delivered from the cloud
Modules
Compliance Management
- Common framework and an integrated approach to meet cross-industry regulations such as ISO 27001/2, SOX ITGC, FDA, HIPAA, PCI DSS, FERC, FAA, HACCP, OMB A-123, AML, Basel II, and data retention laws.
- Custom compliance policy as per the enterprise’s regulatory needs.
- Ongoing compliance monitoring
- Role-based dashboards and scorecards
- Process ownership, assessment plans, remediation status
IT Risk Assessment
- Integrated and flexible framework for documenting and assessing risks, defining controls, managing audits, identifying issues and -remediation plans
- Risk calculators and risk heat-maps for risk analysis , risk monitoring and business impact assessments
- Risk assessment and monitoring reports for many regulations, specifically ISO 27001/2 compliance
- Enables a risk-driven approach to key decision making and investment planning Establishes clear ownership of enterprise assets and risks
- Integration with and assessment of information risks pertaining to enterprise assets
- Classification of assets, define and assign asset owners
- Risk assessment framework customization as per enterprise needs
- Continuous risk management & monitoring to the enterprise assets
Vendor Management
- Configurable framework is to identify key risks, manage, mitigate and minimize the risks arising from vendors, suppliers and partners.
- Risk Analysis and risk self-assessment for all vendor processes
- Automated or manual assessment-of events such as supplier non-compliance with SLA
- KRIs (Key Risk Indicators) & risk mitigation options
- Issue Management and remediation
- Risk Scorecards and dashboard reports
Corrective & Preventive Action
- Traceable Actions with correct and configurable ownership
- Corrective action may be initiated for any time of assessments – Non-Compliance, Existence of actual Risk and mitigation there of
- Risks raised against Non-Compliance or Audit Findings , can have weightages assigned
Our Solutions
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