Digitally Solutions to Manage Information System Risk
Digital Risk Solution
MetricStream Digital Risk Solution empowers businesses to stay competitive and agile in a constantly evolving digital environment. The solution enables organizations to gain better visibility into digital risks associated with technology, business operations, regulatory compliance, cybersecurity, and third-party relationships, thereby strengthening risk awareness and decision-making. Built on the MetricStream Platform, the solution simplifies the management of organizational risks related to digitization. It also enables contextual risk insights, establishes consistent risk taxonomies, and streamlines effective governance processes allowing organizations to drive innovation, while keeping pace with the volume and complexity of digital change.
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Key Capabilities
Enterprise Risk Management
Identify and define business objectives, processes, products, associated risks, and controls in a structured and systematic way, with clear relationships across these data elements.
IT and Cyber Risk Management
Simplify IT and Cyber risk management through a focused approach for identifying and defining the relationships between IT risks, assets, processes, and controls.
Vendor Risk Management
Efficiently evaluate, monitor, and manage vendor information gathering, due diligence, onboarding, real-time monitoring, and risk and control assessments in an integrated manner.
Intelligent Content Libraries
Adopt industry best practices and strengthen risk management with pre-packaged content for industry standards including ISO 27001, NIST SP 800-53, SOC2.
Digital Risk
More Insights
Articles
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Ransomware Cyber-Attacks: Best Practices and Preventive Measures
Prevent, detect and respond to Ransomware Cyber-attacks - Best Practices and Preventive measures to a full-proof cybersecurity strategy.
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Four Key Areas to Achieve Cyber Resilience
By strengthening cyber resilience, enterprises can effectively prepare for and adapt to the ever-evolving cyber threat landscape, while accelerating their recovery from cyber attacks. Download this insight to discover the four key areas that can help boost cyber resilience.
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Emerging Cybersecurity Risks and Safety Tips for Organizations in COVID-19 Era
Learn about top emerging cyber risks and safety tips for organization during work from home scenario.
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Demystifying the Risk-Based Approach to Cloud Computing
Read this article to learn more about how do you ensure the right security controls are implemented in Cloud and how the right data is moved to Cloud.
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Customer Experience
https://www.youtube.com/embed/5x2sUX6yBRc?rel=0
A lot of time may be spent on the design phase of a GRC program, but ultimately, it's about how the program is implemented. There needs to be a focus on engagement, communication, follow-up, and the sustainability of the GRC program.
Dr. Mark Hodgkinson
Operational Excellence Manager
Bahrain Petroleum Company
https://www.youtube.com/embed/Ldp4X3oa9EM?rel=0
What drove us to go down the MetricStream route. We had 3 main drivers for change. The first of those was efficiency. The manual system was effective but it was very labor intensive, it was time consuming. There was a lot of people involved in moving a lot of paper around the organization and evidencing that we could do all the things that we needed to do.
Dermot McCarthy
Head of Crisis Management
Standard Chartered Bank
https://www.youtube.com/embed/kkRy91Jh3AI?rel=0
The subject of GRC is very new, but all industries are discussing it. GRC will become one of the most important subjects in the next decade.
Caroline Agletiner
Compliance Officer
Caroline Agletiner on Building a Compliance Risk Assessment Program at Société Générale
https://www.youtube.com/embed/mGBEAEuowTk?rel=0
In terms of benefits of implementation, we've achieved everything we set out to. We have a single source of the truth. The GRC platform is seen by the CRO as the place where all of the risk and control data and loss event data in Nationwide is mastered. It is the central record, the only record that we use to report to the regulator.
SIMON CORY
Director
Nationwide Building Society
https://www.youtube.com/embed/JU86RUPOxjo?rel=0&autoplay=1
One of our biggest risks is responsible gaming risks. GRC technology can help us a lot in tracking this risk instantly, and taking measures to mitigate it.
Marisa Melliou
Group Audit Director
OPAP
Measurable Outcomes
Safeguard your enterprise in a digital world.
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67% improvement in risk reporting visibility and efficiency for the executive management and board. -
80% improvement in risk and control framework related operational efficiency.
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80% reduction in third-party onboarding time.
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50% reduction in the time and costs required to complete third-party risk assessments and identify risks.
MetricStream Digital Risk Solution empowers businesses to stay competitive and agile in a constantly evolving digital environment. The solution enables organizations to gain better visibility into digital risks associated with technology, business operations, regulatory compliance, cybersecurity, and third-party relationships, thereby strengthening risk awareness and decision-making. Built on the MetricStream Platform, the solution simplifies the management of organizational risks related to digitization. It also enables contextual risk insights, establishes consistent risk taxonomies, and streamlines effective governance processes allowing organizations to drive innovation, while keeping pace with the volume and complexity of digital change.
Digital Risk
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Digitally Solutions to Manage Information System Risk
Source: https://www.metricstream.com/solutions/digital-risk.htm