The ongoing process of identifying, analyzing, evaluating, and addressing a company’s cyber security is known as cybersecurity risk management. Risk management for cybersecurity is an active, dynamic process. One that is crucial to guaranteeing the privacy and security of a company’s data as well as that of its customers.
Given that most businesses engage in some form of e-commerce, it is safe to assume that almost all businesses require a cybersecurity strategy. A significant portion of your company’s cybersecurity risk management roadmap can now be handled by one of the many software suites that are readily available thanks to a long line of technological advancements.
We’ll highlight the leading brands in cybersecurity risk management software today to kick off your software search.
Best Risk Management Software for Cybersecurity
Capterra is a favorite among experts in the software industry among the many review websites that are accessible online. They’ve been in the review business since 1999 intending to showcase the top names meeting the software requirements of the biggest companies in the nation. Their evaluations are free and of great value to those purchasing software.
According to a well-known 5-star rating system, the best cybersecurity risk management software is ranked according to its use of alerts, audit management, compliance management, corrective and preventive actions, risk assessment, and deployment.
The top four cyber security management software options are revealed below. We’ll be discussing what makes them so great.
Standard Fusion
In the rankings of risk management software, Standard Fusion received an impressive 4.8 out of 5 stars and took first place. The Standard Fusion software suite received all “green” ratings, indicating that it can manage alerts, audits, compliance, corrective and preventive actions, and risks.
The software is frequently praised for its excellent customer support and streamlined user experience. The platform from Standard Fusion enables businesses to easily track risk profiles, automate risk assessments, and simplify frameworks and regulations. And that’s only the beginning. Request a demo from the Standard Fusion website if you want to try it out yourself.
Ondato
Ondato receives a 4.8 rating for compliance management and risk assessment even though it cannot manage audits or take corrective and preventative actions. With a thorough operating system for new client onboarding, user base management, and more, the Ondato OS boasts a novel approach to end-to-end KYC management.
The modules offered by Ondato allow users to build custom platforms that can be tailored to suit their particular business needs. Businesses using the platform benefit from an efficient and economical experience because they only pay for the modules they use. Get started with the Growth software package for about $300 or buy the Expansion package for about $700 per month.
AuditBoard
The best risk management software is AuditBoard if you don’t need software to deliver corrective and preventive actions. Organizations can streamline risk management and increase visibility by centralizing and standardizing data with the aid of AuditBoard.
The cloud-based AuditBoard can be trusted to make your company’s audit management, compliance management, and risk assessment processes easier. Users also adore it. Based on 133 user reviews, AuditBoard has a stellar 4.7 rating on Capterra. By visiting their website and signing up for a guided demo, you can test it out for free.
HSI Donesafe
HSI Donesafe has a 4.7 rating on Capterra as well. The software satisfies every risk management requirement listed on the review website. Additionally, it is deployed across all platforms, facilitating adoption and implementation for anyone asked to use it.
Major multinational corporations like McDonald’s, Audi, and Nokia are among the impressive clients on the impressive list for HSI Donesafe, a well-known brand. These companies also extol the virtues of the software. According to a McDonald’s representative, the HSI Donesafe software dramatically increased safety participation at the company by 500%.
Risk Cloud
The key to Risk Cloud is customization. Companies can use well-known risk management software to create a risk management strategy tailored to their requirements while also foreseeing and keeping an eye on new risks. To automate repetitive tasks, maintain constant visibility, and translate knowledge into action, Risk Cloud gathers and utilizes data in real-time and automatically.
Risk Cloud is a cloud-based software application, as the name implies. It has a 4.7 rating on Capterra and receives a green checkmark for its suitability to meet a company’s needs for risk assessment, audit management, compliance management, and corrective and preventative actions.
Why Are You Waiting?
It can take some time to select the best software for your business. It’s a significant choice that may be influenced by numerous circumstances unique to your company. Therefore, take your time and research the products available today online rather than making a snap decision.
This does not imply that you can postpone the choice until the budget for the following year. Cyberattacks could render your company unusable for several days, or even weeks, at a time. Not to mention how much money you’ll lose in lost revenue and repair costs. Every company should make investments in its cybersecurity infrastructure.
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