Simple Risk - Simple. Effective. Affordable

Why simple risk?

Simple - intuitive workflows promotes organization-wide adoption.

Effective - from "zero to grc" in minutes.

Affordable - comprehensive governance, risk management and compliance at a fraction of the cost.

 

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WHAT IS ENTERPRISE GOVERNANCE?

Enterprise governance activities are designed to ensure that the information that reaches your executive team is complete, accurate and timely. When done effectively, these activities enable appropriate management decision making and provide the control mechanisms to ensure that strategies, directions and instructions from management are carried out systematically and effectively. Enterprise governance encompasses all of the regulatory requirements that may be required for your organization. For example, if your organization processes credit cards, you would be required to adhere to the requirements of the Payment Card Industry Data Security Standard (PCI DSS).

Or if your organization handled the medical records of patients in the United States, you would be required to adhere to the requirements of the Health Insurance Portability and Accountability Act (HIPAA). Enterprise governance also includes all of the internally defined standards your organization needs to adhere to in order to meet management and customer expectations. This could include compliance with standards like the NIST Cybersecurity Framework (CSF), ISO 27001, or AICPA SOC2 Trust Services Criteria (TSC). Utilizing a GRC tool, like SimpleRisk, brings a structured approach to how you manage governance in your organization.

 

WHAT IS ENTERPRISE RISK MANAGEMENT?

Enterprise risk management activities are designed to ensure that management identifies, analyzes, and responds appropriately to risks that may adversely affect realization of an organization's business objectives. Management's response to risks will depend on the likelihood of the event happening and the impact if it does.

Based on this risk assessment, an organization will need to choose whether to accept the risk, mitigate the risk, or transfer the risk to another party. When performed effectively, these risk management activities will ensure that the organization's limited resources will be prioritized to most efficiently address the issues that will affect them the most.

 

WHAT IS ENTERPRISE COMPLIANCE?

Enterprise compliance activities are designed to ensure that an organization is conforming with its stated requirements. Management will identify which requirements are applicable based on laws, regulations, contracts, strategies and policies. Once the applicable requirements have been identified, the organization then needs to assess the state of compliance with those requirements.

Any areas where the organization is not meeting the requirements is considered a deficiency, which typically equates to a risk in our environment. The mitigation for these risks can then be prioritized against all of the organization's other initiatives.

 

WHAT IS INCIDENT MANAGEMENT?

An incident is an event that could lead to the loss of, or disruption to, an organization's operations services or functions. Incident Management is the term used to describe the activities which an organization takes to identify, analyze and correct hazards to prevent a future re-occurrence. If an incident is not managed, it can escalate into an emergency, crisis or disaster.

Our goal with Incident Management is to limit the potential disruption caused by such an event in order to return to business as usual, as quickly as possible. If we do not perform effective Incident Management, an incident has the potential to disrupt business operations, information security, IT systems, employees, customers and other vital business functions.