IT Risk Management (ITRM) Software

Implement our IT risk management (ITRM) software to effectively manage cyber risks, ensure compliance with data privacy regulations, establish IT governance policies, resolve cyber incidents, and manage IT assets.

Camm's IT risk management (ITRM) software helps to effectively manage cyber risks and ensure compliance with data privacy regulations.

IT Risk Management

Manage potential risks for IT systems efficiently by using our IT risk management tool to effectively monitor and resolve IT risk and implement effective controls.

Manage IT Incidents

Set up a best-practice IT incident reporting process to capture, escalate, and investigate cyber incidents and monitor cases through to resolution.

IT Compliance

Ensure compliance with data privacy regulations and standards like ISO 27001, NIST, HIPAA, PCI DSS, SOC 2, and GDPR using best-practice frameworks.

How can IT Risk Management Software Solutions reduce cybersecurity risk?

Watch our short video to discover how the Camms IT risk management solutions can support your organization to reduce cyber risk and operate in line with data privacy regulations & IT policies.

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IT Risk Management Capabilities

Identify cyber risks, establish IT and cyber risk registers, and conduct online cyber risk assessments.

Effectively Manage IT risk and implement sufficient controls

Our IT risk management platform allows firms to identify cyber risks, establish IT and cyber risk registers, and conduct online cyber risk assessments. Organizations can conduct IT risk assessments online and set Key Risk Indicators (KRIs) and monitor ongoing risk levels. Automated alerts highlight high-risk areas, enabling teams to ensure fast risk identification, build an effective control library, perform control testing, and link controls back to the originating cyber risks. Automated workflows facilitate risk escalation and the implementation of risk treatment actions.

Report on IT risks & vulnerabilities

Our IT risk solution provides a range of dashboards and reports to analyze cyber risk exposure and potential threats – including heat maps, bow-tie analysis, and interactive Power BI reports. Personalized dashboards allow each stakeholder to easily view their upcoming actions related to IT risk assessments and control checks. Executives and board members can gain clear insights into IT risk exposure through user-friendly interactive reports and dashboards – empowering them to make informed decisions regarding IT security.

Use dashboards and reports to analyze cyber risk exposure and potential threats.
Align your processes with complex compliance requirements and industry standards, such as GDPR, ISO 27001, and NIST - using a simple control register.

Monitor compliance with information security regulations & policies

Our IT risk management solution enables organizations to align their processes with complex compliance requirements and industry standards, such as GDPR, ISO 27001, and NIST – using out-of-the-box templates and forms. Compliance obligations can be mapped to relevant policies, controls, and regulatory requirements for traceability – ensuring effective compliance management. Teams can establish a best-practice regulatory change management process to ensure adherence to IT standards and regulations. The solution integrates with leading regulatory content providers like LexisNexis to automatically pull relevant regulatory updates into the platform. Firms can also use our IT compliance software to establish a library of policies within the platform and monitor compliance and track policy updates and approvals.

Cyber incident management

Implement a best-practice cyber incident management process within the platform to get proactive oversight of potential IT risks. Incidents can be seamlessly integrated with third-party monitoring & ticketing tools to automatically generate cyber incidents based on events or tickets. Teams can then conduct investigations, root cause analysis, and remediation actions using automated workflows within the ITRM tool. Organizations can link incidents to risks and compliance obligations – facilitating the analysis of potential control failures and highlighting compliance issues and cyber risk exposure.

Get a proactive oversight of potential IT risks through simple summaries.
Use the audit register function to plan and schedule both internal & external cyber audits.

Cyber audit management

Protect the safety of company data by utilizing our IT risk tool to plan and schedule both internal & external cyber audits. Track audit recommendations and actions using case management workflows and link audits to relevant risks and risk treatments for deeper insights. Using a cyber security risk management platform to manage cyber audits ensures comprehensive end-to-end traceability and facilitates audit reporting to key stakeholders.

IT asset management

Safeguard your IT infrastructure by keeping all equipment and licenses current and functional using the asset management functionality within our IT risk platform. Our ITRM tool allows you to create online asset management registers to effectively manage hardware usage, software licenses, and physical assets. Built in reports offer an overview of outdated equipment and licenses, streamlining budget planning.

Keep all equipment and licenses current and functional using the asset management functionality.
Create online vendor library and roll out digital vendor risk assessments.

Third-party IT risk management

Create a best-practice third-party risk management process for IT vendors. Build an online vendor library and roll out digital vendor risk assessments with conditional workflows and transparent scoring methodologies to analyze the results. Automate the monitoring of key metrics such as SLAs, KPIs, and industry benchmarks for continuous vendor performance oversight. Easily compare vendors, standardize onboarding and offboarding processes, and manage contract renewals from a central IT risk platform.

Business continuity & operational resilience

Our IT risk management software includes robust operational resilience capabilities. Teams can formulate a best-practice business continuity planning process, conduct business impact assessments, and perform business process modelling to ensure critical processes remain operational in a crisis. This allows for a clear understanding of an incident’s impact in terms of cost, downtime, and man-hours lost, and automates the implementation of business continuity plans.

Formulate a business continuity planning process, conduct business impact assessments, and perform business process modelling.

Your IT Risk Management Resources

The latest and hottest pieces of IT risk management & cybersecurity content to keep you in the loop.

Why Choose IT Risk Management Software from Camms?

Speedy implementation

Our IT risk platform is implemented in a short timeframe so you can ensure a quick return on your investment. Our average go live time is just 3 months.

Straightforward to configure

Compared to other IT risk tools, our platform is highly configurable. Firms can make use of our best-practice templates, forms and workflows and tweak them to meet their individual requirements.

Built on modern technology

Our IT risk tools are built on modern responsive technology, making our software stable and secure with screens that load in below one second.

Modern intuitive user experience

Our leading IT risk management software solution offers a modern, intuitive user interface – making it simple for teams to carry out IT and cyber related tasks in the platform.

Mobile app

Our cloud-based IT risk software offers a mobile app – enabling staff to complete IT risk assessments & control checks and receive notifications of pending actions on the move.

Multiple languages

Our IT risk management software is available in many languages – enabling your global workforce to complete cyber and IT risk related tasks in their local language.

Flexible workflows

Our IT risk platform offers out-of-the-box workflow templates for key IT processes like, cybersecurity risk management, policy approvals & escalations, incident reporting, and third-party cyber risk management.

Highly secure

The Camms IT risk tool is very secure and certified to IT security standards like SOC Type 1&2, ISO 27001, and Cyber Essentials. The platform offers a complex permissions hierarchy, encryption, and audit trails to ensure data privacy and maintain compliance with data privacy laws.

API integrations

Camms’ IT risk management software offers complex API integrations – empowering firms to map IT data from other spreadsheets and data sources so it flows directly into the platform – centralizing data and ensuring a single source of truth for IT risk & vulnerability data.

Discover more about the Camms IT Risk Management Software

Frequently Asked Questions Relating to
IT Risk Management Software

IT risk management software platforms are typically online, cloud-based tools that allow organizations to implement effective IT Governance, Risk, and Compliance (GRC) processes. These tools enable firms to identify and monitor cyber & IT risk exposure, perform risk assessments online, and implement controls to reduce cybersecurity risk. Firms can also use the platforms to manage the risks associated with third-parties, vendors, and suppliers by easily carrying out vendor risk assessments, vendor benchmarking & score carding, and monitoring supplier performance against SLAs and KPIs.

These tools enable firms to create an ‘obligations register’ containing relevant data privacy & information security regulations, legislation, policies, and procedures – enabling firms to understand their IT obligations and monitor adherence. Organizations can also use the platforms to establish a best-practice business continuity planning program, maintain a cyber asset register, and manage and resolve cyber incidents.

The benefits of IT risk management software include:

  • Visibility of your cyber risk landscape through insightful dashboards & reports.
  • A reduction in time spent on IT risk management reporting and administrative tasks – leaving time to focus on analyzing the data to reduce cyber risk and implement corrective actions.
  • IT risk management software provides a holistic view of IT and cyber risk across the entire organization right up to the boardroom.
  • ITRM platforms provide useful insights to guide important business decisions regarding where to allocate budget & resources to reduce cyber risk.
  • Using cyber & IT risk management services reduces risk monitoring and reporting costs.
  • ITRM tools help an organization to overcome challenges in enterprise-wide risk and assurance management by creating a culture that understands cyber risk – building an awareness of cyber risk exposure and the impact of cyber incidents.
  • IT risk management solutions enable organizations to reduce the likelihood of system downtime, data breaches, IT incidents, and data loss by effectively managing cyber risk, ensuring compliance with data privacy regulations, implementing business continuity plans, resolving cyber incidents, and building a risk aware culture.
  • Effective IT risk management using a cyber risk tool provides assurance to stakeholders and the board that the organisation is taking cyber risk seriously and provides data to support important decision-making.

When selecting an IT risk management software vendor, firms should consider:

  • Are there any information security regulations that you must comply with that will affect how you structure your IT risk management program?
  • Which framework will you use to rate and categorize IT risk and cyber incidents.
  • Can the IT risk management tool be customized to meet any bespoke company requirements?
  • Can the IT risk management platform offer further functionality to grow with you as your organization and ITGRC processes expand?
  • What information security and data protection protocols does the IT risk management tool have?
  • Can the IT risk management platform be mapped and integrated with your other systems and data sources via API Integrations to ensure a single source of truth for cyber risk data?
  • Which staff need to access the IT risk management application and what information will they input and what statistics do they need to view and report on?
  • What key areas do you want to manage in the platform, consider the following; operational risk management, enterprise risk management, cyber risk management, cyber incident management, business continuity planning, data privacy compliance, IT policy management, and asset management.
  • Can risk assessments be conducted for IT assets?
  • Can the platform enable qualitative and quantitative risk assessments?
  • Does the platform show a unified view of cyber assets, threats, and vulnerabilities for comprehensive risk management of cyber risk?
  • Does the IT risk system enable your organization to track regulatory compliance with cyber regulations such as GDPR, NIST, PCI DSS, HIPAA, SOX, and ISO 27001.
  • Does the platform offer cloud-based risk management capabilities ensuring the system is available online and widely accessible?
Key information security processes that can be managed using IT risk management software include:
  • Cyber & IT risk management – including building a cyber risk register, performing cyber risk assessments, setting KRIs, and operating within a risk appetite framework.
  • Control setting and control checks and testing – including vulnerability testing.
  • Cyber and IT incident management.
  • IT asset management.
  • Business continuity planning.
  • Compliance with information security regulatory requirements and data privacy laws by accessing best-practice frameworks to comply with regulations & standards like GDPR, ISO 27001, NIST, HIPAA, and PCI DSS.
  • IT policy management.
  • Cyber audit management.
  • Strategic planning & execution.
  • Project management.
Some common key features of IT risk management software include:
  • Online forms: This enables teams to carry out risk assessments, control checks, control testing, and incident logging online with all data feeding directly into the platform.
  • Automated workflows: This enables firms to formulate step-by-step processes for approvals escalations, checks, tasks, and action management.
  • API integrations: This empowers companies to pull operational and IT data from other systems and spreadsheets into and out of the IT risk platform to monitor risk levels against real-life data – ensuring a single source of truth.
  • Live personalized dashboards: Enabling staff at all levels to view and complete outstanding actions & tasks and view useful data relevant to their roles and responsibilities.
  • Instant reporting outputs: Enabling teams to easily visualize cyber risk and information security vulnerabilities so action can be taken.
  • Automated notifications: This ensures staff are notified of key information or tasks including:
    • Upcoming actions like risk assessments & control checks.
    • When risk is ‘high’ and action needs to be taken.
    • When control checks or control tests show that controls are ineffective.
    • Signoffs, approvals, and escalations.
    • Policy approvals, changes, signoffs, and attestations.
    • Compliance violations.
    • Failed audits.

When selecting and comparing ITRM platforms consider the following:

  • Configurable interface: Look for a platform that offers best practice out-of-the-box templates, frameworks, workflows, forms, and reports that can be easily customized to incorporate any bespoke requirements & terminology by your super users without costly implementation fees and coding.
  • Information security: Many IT risk platforms offer information security certifications like ISO 27001, SOC type 1 & 2, and cyber essentials to ensure your company data is secure.
  • Integrated GRC: IT risk management and IT GRC is just one area of risk, look for platforms that offer functionality to manage governance, risk, and compliance across all areas of the business including operational risk, enterprise risk, strategic risk, third-party risk, and overall compliance risk and project management.
  • Pricing model: Consider the pricing model of the IT risk platform to ensure it meets your budgetary requirements.
  • Good reviews: The best risk management software is highly rated by customers and analysts. For example, the Camms platform was ranked as a strong performer in the recent Forrester WaveTM Governance Risk & Compliance Platforms, Q3 2024 and is highly rated by customers on G2.
  • Poor quality cyber risk data – due to a lack of data governance rules – that is housed in disparate spreadsheets and legacy systems.
  • Managing risk data across various forms, spreadsheets, emails, and databases leads to inaccuracies and data entry errors.
  • Businesses who don’t use an IT risk management system end up with disparate cyber risk data located in separate spreadsheets – creating siloed data, and an inconsistent cyber risk framework that results in inaccurate cyber risk reporting outputs leading to poor decisions.
  • Relying on manual, unautomated processes reduces the speed of cyber risk escalation and risk remediation
  • Poor integration between data sources makes it difficult to link cyber and IT risk to the relevant controls in the control library.
  • When organizations don’t use a top IT risk management platform, they struggle to compare cyber risk across different sites, departments, and countries due to disparate data and inconsistent cyber risk frameworks.
  • If firms are not using a SaaS web-based IT risk management tool, the software won’t receive regular patch updates and releases, meaning the tool could become outdated or lack the latest functionality.

To get started simply request a demo of our IT risk management software

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