Modulo Risk Management Software

[Vita Wanberg]

ModuloRisk Manager is a perennial favorite around here. However, in the past it has had a distinctly traditional look and feel to it. Now it has been acquired by SAI Global, an Australian public company, and integrated into SAI's overall risk management suite and the integration shows. There is a lot more automation evident than we saw last year and the approach is less traditional and more up to date. One of the new capabilities this year that contributed materially to Modulo's acquisition by SAI Global was the introduction of threat intelligence but Risk Manager also is known for third-party (vendor) risk and reputational risk analysis.

The product still is based on the same five core modules that it was last year: Risk Management, Compliance Management, Policy Management, Workflow Management and Knowledge Management. All five of these modules are so tightly integrated that the feel is that of a single product which, of course, is the intent. Within these five modules you can create multiple joins from assets to operational groups. This gives an historical view with heavy live filtering capabilities. Reports can be built from these screens (organizational risk by business component and asset) for various audiences, making reporting one of Risk Manager's strong points.

Risk Manager supports four types of assets: Environment, Person, Process and Technology. There is no coding necessary - everything is available to be configured with a mouse click. This means that you can create surveys that a third party can fill in - all automated and all out of the box. Additionally, you can create a self-registration portal that lets the third party login and answer the survey. There is a module creation capability with mouse clicks that pulls from existing DB entries, such as names.

For control-based risk assessment, the tool addresses Analysis, Inventory, Evaluation, Treatment - all control-based risk assessments use these four pieces. You can create interviews based on controls for the various applicable standards (hundreds of controls are available out of the box) and that include details. Scoring is predefined and consists of Probability, Severity and Relevance. Surveys can be created that force the respondent to provide evidence.

There are lots of collectors for various devices that can gather evidence automatically for the compliance reports. This product is hugely flexible with significant drill-down. Remediation is tracked under Treatment. The workflow engine is very powerful and easy to use - all access and setup is from the admin console so there is no programming required.

While Risk Manager does not do its own auto discovery it can consume output of vulnerability scans and it has a lot of third-party integrations. It can consume xml as well as other file formats for asset mapping. The product tracks remediation and automatically decides what gets remediated. It then performs closed-loop remediation.

Support is solid although we would like to see premium support 24/7. The website largely is a marketing site. Documentation is solid. We have seen quite a few improvements over the past year in functionality which already was superior.

Overall, we see an improved product and this is one of those rather unusual times when an acquisition actually offers improvement to the product without the product's technology simply being subsumed by the acquisition.

Rapid7 and Modulo today announced they are working together to deliver an holistic view of threat and vulnerability risk, correlated with broader regulatory, policy and compliance risk analysis. The integrated solution enables organizations to identify and manage business impacts as part of a risk management program. As part of the alliance, the companies also announced that penetration testing risk data will be integrated in Q3 2012.

"By bringing together two world-class risk and compliance solutions, we are providing our customers around the world with the contextual business intelligence they need to understand and effectively manage their security risk posture," said Sheldon Malm, head of strategic partners and alliances, Rapid7. "The combination of Nexpose and Risk Manager delivers a tightly integrated solution that is actionable, intuitive, and truly simplifies the customer experience."

Today's organizations require top-down visibility of risk to their assets and business operations. Yet there is no unified way of reporting all IT risks across the vast and layered landscape of security and risk tools, or rating scale for ranking problems. Modulo and Rapid7 have addressed this challenge with a seamlessly integrated business process workflow between Rapid7 Nexpose and Modulo Risk Manager, enabling customers to organize and prioritize thousands of assets and quickly focus on the items that pose the greatest risk to their business.

"Hundreds of organizations worldwide choose Modulo Risk Manager due to our comprehensive out-of-the box capabilities. By automating GRC processes and reporting, we help them improve their accuracy and achieve dramatic cost savings. Our joint solution with Rapid7 gives customers a unified framework and dashboard that amplifies this value proposition and reduces overall business risk," said Terence Lee, managing director, North America at Modulo.

The joint solution feeds detailed asset identification and scanning results from across the entire IT environment - including web, network, applications and databases - into a broader IT risk analysis process. Customers can identify how vulnerabilities present risk to specific business operations, processes, and strategic or tactical activities. They can then manage those exposures through remediation workflow.

The validity of these risk scenarios will be further enhanced by executing an advanced penetration test to validate reported exposures and help prioritize remediation steps. Modulo will integrate Metasploit Professional with Modulo Risk Manager in Q3 2012.

Rapid7 security analytics software and services reduce threat exposure and detect compromise for 3,000 organizations across 78 countries, including over 250 of the Fortune 1000. We understand the attacker better than anyone and build that insight into our solutions to improve risk management and stop threats faster. We offer advanced capabilities for vulnerability management, penetration testing, controls assessment, incident detection and investigation across your assets and users for virtual, mobile, private and public cloud networks. To learn more about Rapid7 or get involved in our threat research, visit www.rapid7.com.

As AI technology develops, so do the potential risks and ethical concerns it brings. Failure to effectively govern AI can lead to reputational damage and fines as global regulations tighten. Is your organization equipped to handle this and mitigate risks associated with AI deployment?

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As the risks of natural disasters increase, it is crucial to recognize their potential impact on Head Start facilities. This interactive guide provides a strategic and proactive approach to facility disaster planning and response so programs are ready to assess, prepare, respond to, and recover from natural disasters. It offers valuable information, risk assessments, and step-by-step plans to help grant recipients create a customized disaster management plan that addresses the needs of their specific facilities.

This guide builds on best practices from the Federal Emergency Management Agency and other leading agencies. It also complements the Emergency Preparedness Manual for Early Childhood Programs, ensuring you have all the necessary tools at your fingertips.

Balance qualitative and quantitative metrics with a scalable risk methodology that can mature from a standard matrix to automated calculations to inform risk prioritization without losing critical business context.

Visual risk analysis dashboards make it easy to spot Key Risk Indicators (KRIs) or identified risks, along with areas of potential exposure across critical assets, service providers, or processes. Use pre-built templates or customize your own to show the health of your IT risk management program.

When we collect your personal information, we always inform you of your rights and make it easy for you to exercise them. Where possible, we also let you manage your preferences about how much information you choose to share with us, or our partners.

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