TrustCloud has released TrustRegister, an intelligent application that uses programmatic risk assessments to identify risks before they pose a threat to a business. TrustRegister simplifies collaboration, assigns, notifies and prioritizes tasks and remediation plans automatically, and streamlines workflows across dispersed teams. The intelligent application provides real-time risk assessments, highlighting liabilities and gaps that require investment to mitigate or resolve. TrustRegister allows companies to easily assess risk-related revenue impact by tying contracts and customers to risks. The application gives risk owners the information and associated dashboards to showcase exactly how risks will affect the bottom line.
TrustRegister is the newest addition to the TrustCloud platform, which empowers businesses to verify and assure trust in every relationship. TrustCloud is a programmatic, predictive Trust Assurance platform that elevates GRC (Governance, Risk and Compliance) into a profit center. Companies that look to achieve or maintain compliance through frameworks, like SOC 2 and ISO 27001, are required to complete risk assessments to identify and document potential threats, the likelihood of occurrence, and effective plans to mitigate these scenarios.
TrustCloud is empowering InfoSec leaders to make a business case for GRC programs because they know the revenue and liability impact of security and privacy risks. TrustRegister gives CISOs (Chief Information Security Officers) and GRC (Governance, Risk and Compliance) professionals programmatic and predictive super powers to mitigate risk, reduce revenue and liability impact, and become strategic partners to their executive team and Board of Directors.
According to Sean McElroy, Chief Security Officer at Lumin Digital, “It is critical for us to understand our risks in real-time. Spreadsheets and written reports are almost immediately out of date. With TrustRegister, we have continuous assessments of how our controls are performing and added assurance that we can address risks before they impact our business. This is the direction risk management has to go—our world is constantly changing and risks are evolving; it’s critical to have an automated solution like TrustRegister to help you make decisions with confidence based on what your risks look like today and not what an outdated report says.”