MetricStream IT and Cyber Risk Management empowers organizations to adopt a focused, business-driven approach to managing and mitigating IT and cyber risks. Built on the MetricStream Platform, it enables users to conduct risk assessments, implement controls and take necessary mitigation actions. Advanced cyber risk quantification capabilities help quantify cyber risks in monetary value. Sophisticated analytics and reports transform raw risk data into actionable IT risk intelligence, providing clear visibility into the top cyber risks affecting the enterprise.
IT and Cyber Risk Management
Measure Your Program Outcomes
reduction in the time taken to complete risk assessment
cost savings in risk assessment and related processes
decrease in the number of man-days required for scaling up the level of vulnerability management
Simplify IT Risk Identification, Assessment, Analysis, and Mitigation
MetricStream IT and Cyber Risk Management software empowers organizations to adopt a focused, business-driven approach to managing and mitigating IT and cyber risks. Built on the MetricStream Platform, it enables users to conduct IT risk assessments, implement controls, and take necessary mitigation actions. Advanced cyber risk quantification capabilities help quantify cyber risks in monetary value. Sophisticated analytics and reports transform raw risk data into actionable IT risk intelligence, providing clear visibility into the top cyber risks affecting the enterprise.
Why MetricStream IT and Cyber Risk Management Software
Define and maintain business entities such as IT risks, assets, threats, vulnerabilities, processes, and controls in a central repository on the MetricStream Platform. Map IT assets to threats and vulnerabilities along with associated details such as description, category, hierarchy, ownership, visibility, and validity.
Monitor the threat landscape, zero-day advisories, and threat bulletins. from leading industry sources. Import data from multiple vulnerability scanners and generate combined risk rating for each asset, while orchestrating the remediation process workﬂow.
Assess and manage IT risks and controls in an integrated manner using industry standard frameworks such as ISO 27001 and NIST. Conduct advanced assessments by configuring risk scores and ranking them using a simple risk matrix. Roll up the scores to an assessed entity or organization.
Assess your cyber risk exposure in dollar values, using the product’s Cyber Risk Quantification capabilities. With support from the FAIR model, provide the monetary impact of cyber risks like data breaches, identity theft, infrastructure downtime, etc. Enable executives to prioritize cyber investments better, driving alignment between cyber programs and business goals.
Identify and document issues from IT risk assessments. Initiate a closed-loop process of investigation, root cause analysis, and remediation. Define rules to auto-detect vulnerability patterns among assets and to auto-trigger remediation of issues or incidents. Leverage AI/ML to quickly identify issues based on relation and recommend issue classification.
Built-in dashboards, user-configurable risk reports, heat maps, and role-based views aggregate relevant risk, threat, vulnerability, and control data for comprehensive visibility. Gain a 360-degree view of the information through the product’s data browser.
Business Benefits with MetricStream IT and Cyber Risk Management
- Build confidence with regulators and executive management by demonstrating a robust, enterprise-level approach to IT risk management and business resilience
- Improve efficiency by correlating vulnerabilities with IT assets, and prioritizing remediation efforts based on the areas of highest criticality
- Gain real-time visibility into IT risks and threat exposure, as well as the appropriate mitigation measures through contextual risk information from across processes and assets
- Improve decision-making, and reduce IT risks and threats with accurate and timely insights from the first and second lines of defense
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Frequently Asked Questions
The product supports IT risk documentation, control definition and management, multi-dimensional risk assessments, vulnerability consolidation and prioritization, issue identification, and implementation of recommendations and remediation plans, along with reporting and analytics.
A built-in integration engine imports and consolidates threat and vulnerability information from various sources, into MetricStream's platform. This centralized repository helps map threat and vulnerability data to assets and other business entities, enabling you to clearly visualize your information security program library, providing a unified view of the assets, asset classes, areas of compliance, and their relationships.
Using the product, you can define the scope and schedule for each assessment based on your unique requirements or industry standard frameworks such as ISO 27001, NIST CSF, CSA and more. You can identify, quantify, monitor, and manage IT risks in an integrated manner. The product enables you to bring together all IT risk assessment related data, including a reusable library of risks and their corresponding controls, as well as results from individual assessments, key risk indicators, issues, and remediation plans. Streamline the risk assessment process through the product’s workflow capabilities and prioritize risk response strategies with the help of graphical risk heat maps.
MetricStream provides a flexible framework that enables you to measure, manage, and report cyber risk in monetary value. This Cyber Risk Quantification framework enables customers to build models to quantify their cyber risks. The framework supports FAIR, in addition to other methodologies like ISO 27005, NIST SP 800-53, CMU OCTAVE, and COBIT 5. With FAIR, asset-based risks can be quantified per their threat and vulnerability exposure, and the final dollar value at risk can be calculated.
You can explore the MetricStream Digital Risk solution that enables organizations to gain better visibility into digital risks associated with technology, business operations, regulatory compliance, cybersecurity, and third-party relationships, thereby strengthening risk awareness and decision-making. To request a demo, click here.