Cyber Risk Management System

Abstract

Managing IT security is very critical in the modern business world. Security is impacted by the transition of buysiness elements to the cloud and external providers. As companies migrate more business critical processes and IT services outside the perimeter, security controls will rely on outside parties. Without a consistent enterprise-wide framework for managing risk and performance, risks cannot be identified, assessed, valuatd, treated and monitored consistently across business. Cyber Risk Management System deals with managing these risks and providing a streamlined risk assessment process. It also reduces the time required to understand key risk and control requirements. It will capture inherent and residual risk across multiple risk categories. Risk Assessment findings can be automatically captured and managed, and exceptions and remediation plans can be established and monitored to resolution.