Risk Management Has New SaaS Option

Risk management isn’t needed by everyone, but if your shop has this demand it probably isn’t casual but critical. Doing it all in–house can be complex, and yes, a bit risky itself. That is where a SaaS provider such as eGestalt Technologies comes in. The company has a line of hosted applications and just added the Aegify Risk Manager to this fold.

The risk tool is a module that runs as part of the larger Aegify Security Posture Management and Compliance line of applications. This means risk management can be a component of a full end-to-end automated security solution that includes compliance.

“With the addition of Aegify Risk Manager, companies can strategically identify business-critical assets, continually assess the assets' security vulnerability, and, if necessary, fix security loopholes and remediate based upon a rational, prioritized risk-benefit analysis achieved via rules and automated data inputs and assessments,” the company said.

And on the compliance front the software supports HIPAA. The company doesn’t just sell risk management tools, but also has a consultative approach with an initial risk management assessment that covers the threats, chances they will be realized and what happens if it is does. And this risk assessment is continued on an on-going basis.

Risks Ever Growing

After the global banking crisis which started in 2007, governments and banks realized they had to fundamentally reduce the chance that such a widespread collapse would ever happen again. Part of that effort is to up the ante in risk management through software. Besides taking some of the chance out of large-scale trading, risk management software can also help banks change how their trading systems operate, either expanding or consolidating, or lowering their costs. This is all because there is a standard platform that helps support these trading activities.