A single disruption or unmitigated cybersecurity vulnerability anywhere along the supplier network can quickly turn into a much larger issue, impacting share price, bottom-line profits and brand value.
Benefits of Continuous Compliance Monitoring
Reduce the Risk of Regulatory Penalties
A lot can happen between manual periodic point-in-time compliance assessments. Our cyber risk ratings and smart assessments are continuously updated, so you can ensure that your organisation maintains compliance between audits.
Enhance Vendor Security Practices
Most organisations struggle with establishing effective vendor risk management practices because they deal with a vast ecosystem of vendors who must meet compliance standards. RiskXchange's compliance solution makes it easy to streamline the compliance monitoring process for all your vendors.
Automate Your Compliance Monitoring
As human error accounts for roughly 95% of cybersecurity incidents, the need for automation of compliance monitoring has never been so important. Automation not only narrows the room for human error but reduces the time spent to complete mapping the contents to well-known frameworks and standards.
Build Trust Among Your Stakeholders
You build trust among your stakeholders when you avoid the legal risks of a non-compliance breach or reduce the likelihood of a cyberattack. Complying with PCI, HIPAA, and ISO regulations also empower your organisation with a certification, proving that your compliance and vendor security practices are up-to-date and trustworthy.
Prevent Access to Sensitive Data
Gain comprehensive continuous visibility of your digital footprint to identify and remediate any security vulnerabilities or issues before your customers' personal or financial data is compromised by attackers.
Mobilise Your Collective Workforce to Practise Risk Management
Hackers can infiltrate network infrastructure and disrupt your operations if one of your vendors' team members opens the wrong email and clicks the malicious link. Compliance monitoring can help you mobilise your workforce and vendors to enforce security more effectively.
What our clients say
“RiskXchange has greatly enhanced our oversight of third-party cyber security and compliance. The platform allowed us to have meaningful and targeted discussions with our vendors on how they can improve their cyber security. The team at RiskXchange have provided expert advice and support and has been hands-on in helping us resolve issues.”
About Compliance Monitoring Solution
1. Vendor Compliance Monitoring
2. Smart security assessments
3. High-level compliance reporting
Want to learn more about compliance monitoring? Check out our free resources below.
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