Scrut Automation, a leading compliance automation platform, unveiled Risk Management, a first-of-its-kind risk assessment tool, to further bolster its offerings in the compliance automation industry.
Risk Management By Scrut Automation. Image Credit: Business Wire
Larger organizations use legacy Enterprise Risk Management (ERM) tools to manage the risk assessment and management processes, but these are difficult to adopt for mid-market SaaS and Fintech companies and often lack relevant integrations. Scrut Risk Management is an advanced, easy-to-use, lightweight product that aims to help its customers gain complete visibility into their risks, allowing them to prioritize and manage risks better. Scrut Risk Management does so through:
- Automated risk identification: Prebuilt library of risks guides organizations in identifying relevant risk areas and uncovering often-overlooked risks.
- Ready Integrations: With out-of-box integrations, the tool connects across an organization's application landscape to identify potential risk areas.
- Real-time risk register: A real-time risk register gives a comprehensive view of all organizational risks, strategies and actions adopted to manage them, and residual risks.
- Mitigating controls monitoring: The tool has automated workflows for tracking the implementation of and evidence collection for mitigating controls.
- Risk assessment reports: The tool generates automated risk assessment reports that can be readily shared with compliance auditors for SOC 2, ISO 27001, PCI DSS, GDPR, and other infosec frameworks.
Kush Kaushik, Co-founder of Scrut Automation, said: "Legacy enterprise risk management tools are bulky to use and often overkill for growth stage and mid-market startups. Scrut Risk Management is built to bring enterprise-grade risk assessment to this segment through an automated risk observatory around multiple cyber assets, processes, and endpoints."
For more on Scrut Risk Management, please visit: their blog post.