Grid® for IT Risk Management Software
IT Risk Management Software Definition
IT risk management software protects business data against all risks associated with the use of software and hardware. This type of software is used to identify, assess, and mitigate IT risks across all business entities of a company. IT risk management solutions also help companies ensure the security and privacy of customer or supplier data. Organizations use IT risk management to comply with governmental regulations and internal policies related to data security. This type of software is implemented by IT departments and can be used by all employees. IT risk management can be deployed as part of a broader governance, risk, and compliance system.
IT risk management systems need to consolidate data from multiple sources and integrate with solutions for IT infrastructure, IT management, and security. When deployed as a standalone product, IT risk management software integrates with governance, risk, and compliance software and other risk management software.
To qualify for inclusion in the IT Risk Management category, a product must:
- Provide tools to identify, assess, and classify IT risks
- Deliver scoring and ranking methods to track risk severity
- Include standard templates for audits and other IT risk processes
- Provide workflows to manage IT risk plans and tasks
- Create IT risk tests such as vulnerability and penetration
- Monitor the performance of the IT risk management activities
- Include reports and documents for compliance purposes
IT Risk Management Grid® Scoring Description
Products shown on the Grid® for IT Risk Management have received a minimum of 10 reviews/ratings in
data gathered by August 30, 2022. Products are ranked by customer satisfaction (based on user reviews) and market
presence (based on market share, seller size, and social impact) and placed into four categories on the
Grid®:
- Products in the Leader quadrant are rated highly by G2 users and have substantial Market Presence scores. Leaders include: Fastpath Assure, LogicGate Risk Cloud, Apptega, Hyperproof, SecurityScorecard, Soterion, ZenGRC, LogicManager, Camms.Risk, VGS Platform, Acuity Risk Management, and Strongpoint
- High Performing products have high customer Satisfaction scores and low Market Presence compared to the rest of the category. High Performers include: Apparity and CIMCON Software
- Contender products have relatively low customer Satisfaction scores and high Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Contenders include: Oracle Risk Management Cloud, Resolver, Azure Policy, SureCloud, and SAI360
- Niche products have relatively low Satisfaction scores and low Market Presence compared to the rest of the category. While they may have positive reviews, they do not have enough reviews to validate those ratings. Niche products include: SAP GRC
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obtained from sources believed to be reliable, G2 disclaims all warranties as to the accuracy,
completeness, or adequacy of such information and shall have no liability for errors, omissions, or inadequacies in such information.
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