Busy executives know that juggling risk strategies, regulations, and governance can hinder a business’s ability to operate effectively. However, these elements are vital for an organization to conduct business in the information age.
Thankfully, there is a solution to this catch-22; Governance, Risk, and Compliance (GRC) software.
Join us in this article as we introduce Redwood, RSI Security’s GRC software. Learn about what GRC tools are, what sets Redwood apart , and how it can benefit your business.
What is a GRC Platform?
A GRC platform is a software solution that enables strategic decision-making while maintaining compliance, mitigating risk, and optimizing performance efficiencies.
Essentially, it takes all three aspects and melds them into one centralized platform for managing your organization.
Governance: governance within cybersecurity is the policies and procedures your organization implements to help detect, prevent, and eradicate cyber threats. You can think of governance as the organizational safeguards that protect the company. Organizations with robust governance produce better financial results, can adapt to changing landscapes with agility, and provide insight for process improvement.
You might often hear things like “acceptable use policy” or “password management policy”; these are the types of procedures that the organization’s people must adhere to if they want to achieve best-practice cybersecurity. However, you must not ignore this security aspect; applying only technical means—like anti-virus or encryption—will only get you halfway there.
Risk Management: risk management is similar to governance but does not strictly relate to policies or procedures; instead, a risk management framework will help develop a governance strategy. Within cybersecurity, the risk management framework might look at the most vulnerable aspects of the organization and suggest means to offset the risks (which could mean implementing an organizational-wide policy, for example).
A good risk management framework is also an excellent tool in cost reduction by protecting an organization’s capital base and earnings without hindering growth. Developing a risk strategy can help you identify the areas that need your attention quickly while allowing you to save resources in areas with “tolerable” risk.
Compliance: compliance is quickly becoming a necessity for businesses globally. Now with the highly interconnected business ecosystem, compliance is no longer a critical infrastructure issue. Instead, personal l data is the crux of the modern compliance environment, with regulations like the GDPR and the CCPA spearheading the trend.
However, compliance is not only about protecting personal data (which is vital for consumers), but it is also about protecting national interest and critical infrastructure (like the CMMC and the NERC-CIP).
Regulators realize the importance of protecting the IT infrastructure, and organizations will need to contend with compliance if they wish to remain in business.
What is GRC Software used for?
As we briefly mentioned in the previous section, the GRC software gives you a centralized solution to manage the GRC aspects of security.
The more practical aspects of a GRC platform include:
- Implement and track: a GRC enables you to implement a strategy covering all three disciplines and track the success of each plan. We will discuss more in the next section about RSI Security’s Redwood GRC tools.
- Making GRC organization-wide: one of the most important aspects of a GRC platform is taking these security aspects to the entire organization. One of the biggest dangers to your safety is department and information silos. If each part of your organization is not communicating with each other, bad actors can easily exploit these gaps in communication. By standardizing, and unifying, GRC across the organization, each department will know exactly how to handle itself during a security event while also improving communication.
- Optimized Management: Many might choose to use a GRC platform for more efficient management. Compartmentalizing these aspects of security makes it challenging to manage. Especially considering that these disciplines overlap nicely, a GRC platform just makes sense.
Redefining GRC Software with Redwood
Redwood is RSI Security’s fully integrated GRC platform. In this section, we will discuss what you can expect from the Redwood GRC platform.
Status Reports and Visualization: The Redwood GRC comes with a suite of high-level or granular reports so you can inspect every element of your GRC strategy. These status reports also offer an easy-to-understand document, saving time in internal and external audits, keeping you aware of your current situation, and keeping your auditors up to date. Furthermore, the reports are jargon-free, making it easy for anyone in the organization to understand.
For example, the Cybersecurity Maturity Model Certification (CMMC) requires regular auditing to maintain the necessary level of maturity. With Redwood, these status reports are generated easily, as we will see in the following text, along with a clean visual depiction.
Integrated Task Management: Redwood wouldn’t be a proper GRC platform without integrated task management. Implementing a strategy is one thing, but staying on top of things is another. With Redwood, you can manage your GRC implementation from one centralized platform. For example, assign tasks to your auditing team where everyone can track the project’s progress from start to finish.
Regular Comprehensive Report Generation: sometimes, a “fire and forget” solution is exactly what is needed. With the Redwood GRC solution, that is precisely what you can expect with report generation. It can be cumbersome work to generate regular reporting on your GRC strategy manually. With Redwood, you set the parameters to check how you are doing, and the platform does the rest.
The solution will generate comprehensive reports and the regularity that suits your organization best.
Why Choose the Redwood GRC Platform?
Knowing what you are getting with the Redwood GRC platform is one thing, but why should you choose RSI Security’s solution over others?
Increased visibility of your strategy: get the birds-eye view of your GRC strategy with Redwood. Manually staying in control of GRC tasks and ensuring that everyone is doing their part can sap valuable time from the company’s security goals.
The Redwood GRC platform is designed so you can focus on your security needs without having to worry about micro-management. And at the same time, you can be sure that every one of your members is on the same page, keeping you on the right side of compliance and governance.
Covering the right frameworks for you: a big part of cybersecurity is the community built around it. As a result, many interest groups, governments, and cybersecurity professionals have decided on frameworks and regulations intended to keep your cyber infrastructure safe and secure.
While some might be voluntary, others are a legal requirement. With the Redwood GRC platform, you can rest assured that we cover all the major cybersecurity frameworks and regulations such as:
- Cybersecurity Maturity Model Certification (CMMC)
- Payment Card Industry Data Security Standard (PCI DSS)
- Health Insurance Portability and Accountability Act (HIPAA)
- System and Organizational Controls (SOC 2)
- Defense Federal Acquisition Regulation Supplement (DFAR)
- And so much more
You don’t only get Redwood’s GRC Platform; you get RSI Security
In addition to all the great benefits that come with the Redwood GRC Software, you get access to the wealth of security experience here at RSI Security. From start to finish, RSI Security will help implement the Redwood GRC platform and formulate an effective and efficient year-round GRC strategy suitable for your business.
Don’t fall behind on your security requirements; we are confident that the Redwood GRC platform is right for you, whether compliance, governance, or risk management.
We also understand that acquiring new enterprise solutions can be difficult, so we are here to help.
Get in contact with RSI Security today, and we will guide you through the platform’s implementation, strategy generation, and execution.