Global markets, digital technologies and world-wide tightening regulations lead to increasing risks and ever more demanding actions to prevent these. For managers in the areas of Risk Management, Governance and Compliance, the list of tasks and their complexity are steadily increasing.
BIC GRC automates business processes to identify, evaluate and avoid risks. Features for governance, integrated risk management and compliance allow the cross-departmental cooperation. With standardized workflows, users cover every step of integrated risk management, from test of design to action management. Reporting features support the unambiguous sharing of information for internal control, revision and external audits.
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ThreatConnect RQ is a financial cyber risk quantification solution that allows users to identify and communicate the cybersecurity risks that matter most to an organization in terms of financial impact. It aims to enable users to make better strategic and tactical-level decisions by quantifying them based on the business, the technical environment, and industry data. RQ automates the generation of financial cyber risk reporting as it relates to the business, cybersecurity initiatives, and controls. Automated outputs are generated in hours for reporting that is more current and relevant. By automating risk modeling, the vendor states customers get a fast start and can critique, or tune models over time instead of having to create their own. They use historical breach data and threat intelligence upfront in order to save months of data collection and remove the burden of continuous updating.
BIC GRC is ranked 47th in GRC while ThreatConnect Risk Quantifier is ranked 57th in GRC. BIC GRC is rated 0.0, while ThreatConnect Risk Quantifier is rated 0.0. On the other hand, BIC GRC is most compared with , whereas ThreatConnect Risk Quantifier is most compared with .
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