AuditBoard Unveils IT Risk Management Solution -

AuditBoard has released an IT risk management (ITRM) solution to identify emerging threats, reassess known threats and monitor their security controls, the company announced.

The news comes in advance of AuditBoard's IT Risk Now virtual conference, which takes place July 27, 2023.

AuditBoard ITRM Helps Organizations Manage the Threat Landscape

In additional to threat assessments, organizations can use AuditBoard ITRM to perform business impact assessments and translate IT risk into financial terms.

Rajiv Makhijani, AuditBoard's senior vice president of Emerging Products, commented on how ITRM helps organizations minimize cybercrime and IT risk:

"CISOs and their teams are facing unprecedented levels of cybercrime and IT risk as they guide their organizations through today's digital-first business environment. We've purpose-built AuditBoard ITRM to help customers more easily manage this critical work and improve their cyber resilience."

AuditBoard Extends IT Risk and Compliance Solutions Portfolio

Along with ITRM, AuditBoard offers several IT risk and compliance solutions for information security teams. These solutions include:

CrossComply helps organizations build and scale IT risk and compliance programs.
Third-Party Risk Management (TPRM) lets organizations visualize, assess and mitigate third-party risks.
RiskOversight allows organizations to identify, assess, respond to, mitigate and monitor risks.

A Closer Look at AuditBoard

AuditBoard offers a cloud-based platform for audit, risk and compliance management, the company said. The platform provides a single system of record that connects data across an organization. It also helps users understand risks that their organization faces and create reports.

More than 40% of the Fortune 500 use AuditBoard's platform, the company stated. Furthermore, AuditBoard provides a partner program that allows audit and consulting firms to integrate the company's platform into their offerings.