IT risk management tools are used to identify and assess IT risks associated with companies. These tools ensure the privacy and safety of customers' data. The tools used by IT departments can be used by all employees. IT risk management software integrates with governance and compliance and other risk management software. So before deciding what service to avail of, it is important to know the necessary details regarding IT risk management tools.

In the list of the top tools, we have mentioned the top 15 IT risk management tools along with their features and pricing for you to choose from.


1. Workscope

Workscope provides a platform where organizations can map, manage and improve the user-end computing industry. This platform provides a real-time contextual view of the spreadsheet which you have typed. These spreadsheets help users to understand the business process of companies. Whether you want to demonstrate operational resilience or understand the time and materiality associated with the making of spreadsheets, Workspace is the software for you. Workspace can provide solutions to all the spreadsheet-related problems without changing any business management services or manual intervention.

Key Features:

Cost:

You can talk to their sales team and request a quote.


2. TrustMAPP

TrustMAPP platform provides the necessary tools and support needed to upgrade cybersecurity discussion into the wider business. The TrustMAPP Cybersecurity Performance Management system is used by companies that empower IT, security leaders, to identify and communicate with the executive stakeholders. TrustMAPP helps IT, leaders, to get a clear vision for how the cybersecurity system adds value to the companies.

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Cost:

The entry-level price of TrustMAPP starts at $5000.


3. TeamSuccess

TeamSuccess is an easy-to-use risk management tool that empowers companies to control risks associated with the business. The system software of TeamSuccess enables managers to make team members agree to each risk and monitor risk continuously.

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Cost:

You can discuss this with their sales team and request a quote.


4. Tanium Reveal

Tanium Reveal helps to search and monitor data across any number of endpoints. It eliminates data movement and improves data-handling services. Tanium Reveal helps to unify teams across companies' data management services. Tanium Reveal reduces IT infrastructure and helps improve efficiencies through risk inventory.

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Cost:

You can discuss with the sales team of Tanium Reveal to know about the package price.


5. STREAM Integrated Risk Manager

STREAM Integrated Risk Manager platform provides an insight into IT operational risk which helps companies to make proper strategic decisions. Through a centralization system, STREAM reduces manual processes, eliminates risks in business, and builds stakeholders' positions.

STREAM Integrated Risk Manager is designed to meet the complex risk management needs of the leading companies. It is practical and easy to implement and delivers values within weeks.

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Cost:

STREAM Integrated Risk Manager package price can be known from the sales team of the company.


6. SafePaaS

SafePaaS is a leading company that provides cybersecurity and risk management tools to help organizations efficiently monitor the real controls and manage risks against the company. Its risk management services enable companies to control IT investments and turn cybersecurity risk management obstacles into optimum business performance. SafePaaS is the one place solution for secure and trusted information management in wider applications.

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Cost:

You can contact the sales team of SafePaaS to know about the package price.


7. Reciprocity

Reciprocity offers optimal solutions to elevate a company's compliance program to the highest infosec level. The Clio cloud-based solutions stand perfectly with the GRC program. Using the GRC program you can continuously monitor and customize audit management needs. ZenGRC acts as a central platform to guide your company throughout the whole management system.

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Cost:

The package price is available on the company’s website.


8. LogicGate Risk Cloud

LogicGate Risk Cloud is a cloud-based form that offers risk management applications that helps businesses to govern their processes. It combines high-level intent with easy services to create a proper view of the risk programs involved.

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Cost:

You can talk with the sales team of the company to know about the package pricing.


9. Fastpath Assure

Fastpath Assure is a cloud-based platform that can track, inform and mitigate access risks involved and shows in the dashboard. It comes with a pre-configured combination of duties set specifically for ERP/CRM systems. Using Fastpath Assure clients can easily see what access users have, generate reports, and record sign-offs. The automated process can cut off audit time from weeks to hours.

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Cost:

You can quote a price for a package on their website.


10. Apptega

Apptega is a cybersecurity management platform that helps to assess, manage and build your compliance program. Apptega offers GRC systems for IT companies. Organizations rely on Apptega to meet the obstacles related to cybersecurity and manage them efficiently. Apptega manages the challenges most efficiently and reduces cost costs by preparing a report and solving issues.

Key Features:

Cost:

Package prices are available on the company’s website.


11. SecurityScorecard

SecurityScorecard offers services in the field of technology which is used by over 1000 companies for third-party risk services, self-monitoring, and cyber insurance. It allows all organizations to easily find and fix IT risks associated with their company. SecurityScorecard provides instant risk ratings which map vendors' queries and resolve them.

Key Features:

Cost:

Package costs are available on the website.


12. Logic Manager

Logic Manager helps to provide better risk management tools that improve performance. The ERM software of this platform helps organizations to maintain their reputation and improve business quality. Logic Manager's SaaS platform has nearly 100 different point solutions packages made available.

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Cost:

Package costs can be known from the sales team of the company.


13. Camms.Risk

Camms.Risk is an industry-designed flexible software management tool that provides a unique approach to governance, threats, and compliance. A comprehensive and integrated way provided by this platform works across local and global sectors. Camms.Risk helps its users to achieve results and stay a step ahead of the risks.

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Cost:

You can quote a package price from their website.


14. CIMCON Software

CIMCON Software provides risk management tools for model risks and EUC risks. The solutions that they use minimizes errors and protects data in EUC/UDA like data in modeling tools and spreadsheets. CIMCON Software is regarded as the best user-end controlled computing software used for risk management.

Key Features:

Cost:

You can quote a price from their website.


15. Hyperproof

Hyperproof is a scalable, intuitive, and flexible operation platform that helps the compliance team to level up their work. They help organizations to provide continuous assistance and mitigate the potential IT risks associated with the company. Using Hyperproof, you and your team can gain efficiency, consistency, and visibility to stay at the top of all compliance programs.

Key Features:

Cost:

You can contact their sales team to quote a price.


Things to keep in mind while choosing IT risk management tools

Do deep research

We have already discussed the different types of IT risk management tools. Now the main thing comes where you have to make a list of tools which you can use keeping your budget in insight. It is very important to do proper research regarding all the tools you want to use and make a list of them. Research properly and then decide which tool would be suitable for your business.

Your Business case should be strong

Your and your team should have a solid case for the investment by acquiring support from upper managers. No doubt, IT Risk Management Tools are really important for business, but you should first properly set up the base of your business and then go for other software

Hence, decision-makers need to see a customized demo before trying out the top tools.

Financial budgeting

Research regarding the top tools, match with your budget and schedule a free demo for top stakeholders. Choose the best software for your organization considering its needs and back it up with valid evidence. IT Risk Management Tools helps in proper budgeting and managing the working capital of the company.


Conclusion

In this article, we discussed the different IT Risk Management Tools. Hope this has given you a clear idea and how you can choose your desired IT Risk Management Tool.


FAQs

What is IT Risk Management Tools?

IT Risk Management Tools are used to trace risks and uncertainties by identifying, prioritizing, and developing proper responses in the IT departments. These uncertainties are difficult to manage and track without IT Risk Management Tools. The techniques involved in these are simplified for users and they can control the systems easily.

What should you consider using IT Risk Management Tools?

It is important to use IT Risk Management Tools because of a lot of uncertainties in the IT sector. With proper risk management, a company cannot define its objectives and goals. A successful IT risk management program helps companies courageously face the risks thrown at them. IT Risk Management Tools analyzes the potential risks and their act. It builds customized solutions based on it.

What are the types of IT risks involved?

It is very important to identify the IT risks and eliminate them as soon as possible in toxoid harm to your business system.

How can you identify that someone is causing harm to the IT system?

Certain signs and odd behavior can help us know that it is at risk. Such signs include:

Is using IT Risk Management Tools reassortant?

To answer this question, yes companies need to use Risk Management Tools to lifeguard their stored and potential data. In today's time, risks related to the IT sector are increasing day by day and we know how valuable information is. So in maintaining the business process so that it can run smoothly, it is needed for companies to use IT Risk Management Tools.