See How It Works

Risk

The risk assessment is the catalyst for setting up and managing an on-going, risk-based information security program. It is the first step to identify an organization’s assets, threats and controls.

Risk

The risk assessment establishes the necessary controls to properly mitigate risk and provide the framework to integrate and automatically populate data across all functional areas of TraceCSO.

Risk

TraceCSO provides a baseline structure of common assets, threats and controls that can be customized to an organization’s environment. Preconfigured asset threats are then automatically aligned to TraceControls that tie back to an organization’s industry-specific regulations.

Risk

After the structure is completed, TraceCSO will survey control owners to attest to the implementation of their controls and ensure they meet not only the control objective, but also any applicable regulatory requirements.

Risk

Once the risk assessment is complete, TraceCSO provides a break down of all the controls the organization has in place and those that need to be implemented. TraceCSO generates a Remediation Action Plan to help determine the appropriate implementation pathway.

Risk

The Remediation Action Plan gives the organization a top-down view that helps determine and approve which controls are most appropriate and cost effective to implement – providing visibility into the organization’s inherent risk, the number of controls not implemented, and the residual risk that remains once a control is implemented.

Risk

In addition, TraceCSO helps identify ineffective controls or unnecessary controls and recommends more effective replacement controls.

Risk

The Remediation Plan results in a Risk Score, proprietary to TraceCSO, which enables organizations to identify risk levels, measure and report mitigation effectiveness over time, set benchmarks and analyze trends. The Risk Score leads the organization to make better risk-based decisions and optimize its budget.

Risk

Once a control is approved, TraceCSO immediately guides the organization through implementation – automatically generating a ticket for assignment to the appropriate individual.

Risk

The control owner receives an email alert with instructions to either begin implementation of a new control or improve an existing control that hasn’t met the minimum requirements to be considered implemented.

Risk

Risk assessment output becomes a pillar of TraceCSO and integrates with every other functional area of the system to ensure that when control implementation occurs in one area, such as the creation and distribution of a policy, the risk assessment knows about it and can automatically update its score to reflect the changes.

Risk

To dive deeper into the functional areas of TraceCSO, click on the links in the "See How it Works" section to the left.