Make Informed Decisions Over
Risk and Compliance Management
Our IRM Approach
IT services are closely related to their corresponding business functions for most organizations. Similarly, most of the risks within the company bear a related implicit business risk. The effect of IT risks therefore needs to be measured through both technological and business factors. The technical impact can be calculated using conventional criteria such as availability, service not accessible and its criticality, confidentiality-disclosure of data and their sensitivities, honesty, misuse of records, loss or harm, transparency, traceability, and related actions. The goal is to estimate the extent of the device impact should the incident be exploited. Serviceberry’s IRM solution provides total risk management and control systems allowing for the most important IT control objectives: effectiveness, efficiency, compliance, confidentiality, integrity, and availability.
Minimize Compliance Risks. Maximize Business Outcomes.
Serviceberry’s IT Business Management is part tool kit, part mind-set, and greater than the sum of its components. Since the problems it addresses are complex, the way ITBM is wired is also very objective focused. ITBM ’s internal research integrates six main skills to tackle six interlocking areas of focus — all of which are combined to improve development management and meet the demands that organizations place on it.
Organizational Risk Management Strategy Setup
Planning and strategizing your ITSM approach is critical. It sets the tone to how your organization approaches risks and manages the same thereafter. The basic requirements, intent, scope, and boundaries of risk management can be defined by key stakeholders with ease via Serviceberry’s ITEM solution.
Risk Assessment
Risk assessment provides a summary of vulnerabilities, risks, possibilities, failure or effect, and theoretical effectiveness of security measures, etc. The results of IT risk assessments can help define risk mitigation strategies.
Risk Treatment and Decision
Making Monitoring and treatment of vulnerabilities to manage risks and strike a balance between cost, efficiency, efficacy, and the importance of the protected information asset.
Risk Acceptance
A comprehensive risk profile is built that offers the organization’s senior management dashboards, to have a clear categorization of risks and their mitigation strategies.
Risk Communication
Create a shared understanding of all aspects of IT risk within the organization. This is important to bring common understanding to all stakeholders and to highlight any concerns to provision better decision-making.
Risk Monitoring and Governance
Integrated Risk Management is an ongoing and iterative process that must be constantly replicated as new threats and vulnerabilities regularly arise. The threat governance policies should complement the evolving risk landscape.
Restrict Your Risks. Get Started with Serviceberry ITRM.
What to Expect from IRM?
IRM should be understood and supported in the boardroom
The importance of an Integrated Risk Management and the use of IRM Software should be clearly recognized by boards of directors and decision-makers. They will encourage the leaders of companies to identify a strategy for understanding and effectively managing the company’s IT operations and risk management. A shift in attitude is essential since the importance of IT has come to the forefront recently.
IRM should be tracked as a business metric
The importance of an Integrated Risk Management and the use of IRM Software should be clearly recognized by boards of directors and decision-makers. They will encourage the leaders of companies to identify a strategy for understanding and effectively managing the company’s IT operations and risk management. A shift in attitude is essential since the importance of IT has come to the forefront recently.
ITRM should have multiple lines of defense
Security threats for the whole corporate security system must be mitigated along many lines of defense. It is extremely hard for any single test, feature, or the organizational framework to address the dynamic IT challenges of today. Different business support functions such as legal, administrative, accounting, tax, sales, revenue protection, fraud, HR will work together with the IT departments, internal or external governance, and audit teams to effectively combat IT risks using IRM Software.