LogicGate, the modern, enterprise-grade provider of cyber, governance, risk, and compliance (GRC) solutions, has officially announced the launch of a new capability i.e. Automated Control Gap Analysis for its Risk Cloud platform.
According to certain reports, the stated capability makes it possible for organizations to conduct, like the name might suggest, an automated control gap analysis, all for the purpose of easily identifying coverage gaps and cross-mapping their security capabilities across different frameworks. More on that would reveal how this feature will bank upon the power of automation to streamline and enhance compliance workflows.
LogicGate’s latest brainchild also arrives on the scene bearing an ability to identify any overlaps between regulatory and compliance requirements with just a few clicks, rather than spending hours manually constructing and reviewing data spreadsheets..
All in all, when these capabilities are packaged together, they should be able inspire organizations to quickly identify where control coverage falls short of requirements, as well as to initiate and monitor the remediation process.
“With the number of compliance frameworks growing by the day, relying on manual processes can grind your business to a halt,” said Matt Kunkel, co-founder and CEO, LogicGate. “We’re continuously enhancing the Risk Cloud platform to help our customers leverage automation to simplify the process of not just gathering regulatory and compliance data, but sharing and reusing it more effectively. Now, creating a comprehensive gap analysis report takes just seconds, allowing cybersecurity and compliance teams to focus on more engaging and impactful tasks. In today’s compliance landscape, manual processes represent one of the most common pain points for organizations.”
Markedly enough, Automated Control Gap Analysis feature leverages data within existing Risk Cloud applications to provide users a highly automated process for managing their regulatory and compliance needs.
Taking a deeper view of what all is included in the given Risk Cloud platform, we begin from its promise to provide a controls compliance solution, which allows for customers to automate the evidence collection process, eliminate redundant evaluations, and automatically identify coverage gaps across the 31 security and privacy frameworks covered by the Risk Cloud platform.
Next up, we have a cyber risk management solution. This one effectively lets you identify top risks, as well as document and track the mitigation process. The idea behind doing is to drive strategic, risk-aware decision-making, supported with both qualitative and quantitative insights generated automatically across the Risk Cloud platform.
Another detail worth a mention is rooted in one comprehensive data privacy solution. The stated solution brings forth a mechanism to automate the process of data subject and consumer rights requests, all while maintaining workflows for timely and consistent responses.
As a result, organizations across the board can come expecting to use the data privacy solution for ensuring compliance with data privacy-focused frameworks and standards.
Rounding up highlights would be a record linking recommendations solution where, using LogicGate’s Spark AI platform, customers can automatically identify mappings between their internal control set and the Secure Control Framework (SCF). This they can do to instantly unlock bonus mappings across all security and privacy frameworks covered by the Risk Cloud platform.
Founded in 2015, LogicGate’s rise up the ranks stems from empowering customers to effectively manage and scale their cyber risk and control, third-party risk management, compliance controls, enterprise risk, and operational resilience programs. The company’s excellence in what it does can also be understood once you take into account how it has been recognized, thus far, as one of four leading GRC platforms in the entire world.
