CoreStream Risk Manager software (2024)

What is Information Asset Management software?

With information assets playing a critical role in the activities of most organisations, it is vital – particularly with today’s increased threats to cybersecurity – that data is monitored closely to ensure it is safely stored, up-to-date and protected from attack or misuse.

An Information Asset Register (IAR) is typically used to catalogue all an organisation’s key information and to outline what security measures are used to protect it, how it is stored and used and who is able to access it.

These information assets can take many forms ranging from websites and databases, downloads, spreadsheets, emails, paper records and other data.

With the introduction of more stringent regulations on information assets such as the General Data Protection Regulation (GDPR), there is increasing scrutiny on the amount of data organisations retain, how it is stored and, crucially, how it is used.

The danger that any details held by an organisation, particularly sensitive personal data, could be compromised or subject to data breach means that efficient information governance and compliance is a top priority for Information Asset Administrators and Information Asset Owners.

CoreStream’s Information Asset Register software is designed to protect data by providing organisations with an online Information Asset Register which manages the end to end asset life cycle.

It enables Information Asset Owners to identify, understand and manage their information assets and flows, as well as any associated risks, breaches and actions.

CoreStream Risk Manager software (1)

What are the benefits of Information Asset Management software?

CoreStream Risk Manager software (2)

CoreStream Information Asset Management helps ease the administrative burden of information governance.

It aids the identification, documentation and management of your company’s information assets and related content, and enables the seamless monitoring and execution of actions to deliver the real-time management information that you require.

With accountability and transparency being key priorities for both internal and external stakeholders, our solution supports your aim of encouraging clear ownership for addressing risks to your information assets and provides real, independent insight into the safety of your data.

CoreStream Information Asset Management brings peace of mind to your data protection procedures by:

  • Delivering time and efficiency savings through centralised management and information asset reporting
  • Supporting alignment with GDPR legislation
  • Ensuring compliance with Information Commissioner’s Office (ICO) regulations
  • Reducing ongoing costs from bringing manual processes online

What are the risks of not having Information Asset Management software?

The ways in which sensitive personal data or confidential business information is stored, processed and used has never been of greater concern to individuals or subjected to more rigorous scrutiny by stakeholders such as regulators and the media.

The ever-increasing risks related to cybersecurity in our ultra-connected world mean that for the Information Asset Administrator or Information Asset Owner, there are major challenges around data protection and a growing need for robust security measures to prevent data breach.

For both the public and private sectors, safeguarding sensitive information has, by necessity, become a top priority, with failure to do so having potentially severe consequences for business continuity and operational efficiency, as some of the world’s leading organisations have discovered to their cost.

Cyber threats such as malware, ransomware and phishing attacks are among the common external threats to data security whilst the ability of former employees, contractors or suppliers to access data held by the organisation is another concern.

CoreStream Risk Manager software (3)

Why CoreStream?

  • Online Information Asset Register efficiently manages assets.
  • Creates and links information flows, risks, breaches and actions to information assets.
  • Process mapping.
  • Data flow mapping.
  • Workflow to manage the approval and review of assets.
  • Automated asset and information flow risk level based on asset and flow characteristics.
  • GDPR Role Declarations, Data Protection Impact Assessments, Subject Access Requests and Freedom of Information Requests.
  • Third party supplier risk management and due diligence.
  • Real time reporting dashboards
  • Fully customisable, interactive training to help support your information governance through consistent education.
  • Integration with an industry leading data discovery and redaction tool.

CoreStream Risk Manager software (4)

CoreStream Risk Manager software (2024)

FAQs

What software do risk managers use? ›

Best Risk Management Software Comparison Chart
ToolsPrice
Fusion Framework SystemPricing upon requestWebsite
ManageEngine Log360Pricing upon requestWebsite
ProcessMAPPricing upon requestWebsite
TrackMyRisksFrom $37/monthWebsite
6 more rows
Jun 21, 2024

What is a NHS CoreStream? ›

Established in 2006, CoreStream provides organisations with the technology and support to help them manage risk and compliance more efficiently and effectively.

What is active risk manager software? ›

ARM is an intuitive, easy to use web-based, solution which provides a clear, holistic view of risk - 'a single source of truth'- from which project and risk managers can navigate complexities and make sound, information-based decisions.

What is the software risk management? ›

Risk management in software engineering is the process of identifying and managing threats and hazards that can jeopardize the safety or efficacy of software products, software-based services, or software embedded in products such as airplanes, pacemakers, or automobiles.

What is the most popular risk management tool? ›

Risk Management Tools & Techniques
  1. Risk Register. The fundamental risk management tool is the risk register. ...
  2. Root Cause Analysis. The root cause is another way to say the essence of something. ...
  3. SWOT. ...
  4. Risk Assessment Template for IT. ...
  5. Probability and Impact Matrix. ...
  6. Risk Data Quality Assessment. ...
  7. Brainstorming.
Jan 24, 2024

Who is the most famous tool of risk management? ›

Risk Management Tools and Techniques
  • Risk register. ...
  • A risk assessment template. ...
  • Variance and trend analysis. ...
  • Risk data quality assessment. ...
  • SWOT analysis. ...
  • Root cause analysis. ...
  • Probability and impact matrix. ...
  • Brainstorming. Brainstorming is a key aspect of most project planning phases.
Jul 28, 2023

How much does Riskonnect cost? ›

Based on our most recent analysis, Riskonnect pricing starts at $283,000 (Annually).

Can risk management be automated? ›

Automated risk management systems leverage technology and data-driven algorithms to streamline processes, enhance accuracy, and provide real-time insights into potential risks.

What is an example of a risk management system? ›

Some examples of risk management strategies include leveraging existing frameworks and best practices, minimum viable product (MVP) development, contingency planning, root cause analysis and lessons learned, built-in buffers, risk-reward analysis, and third-party risk assessments.

Which software model is good for risk management? ›

The spiral model is a systems development lifecycle (SDLC) method used for risk management that combines the iterative development process model with elements of the Waterfall model. The spiral model is used by software engineers and is favored for large, expensive and complicated projects.

What is a GRC software? ›

GRC software is a technological solution designed to streamline and automate an organization's governance, risk management, and compliance processes. It helps centralize data, track activities, and facilitate reporting to ensure adherence to regulatory requirements and internal policies.

What is risk management app? ›

Enhanced compliance

Risk management software helps organizations to assure regulatory compliance. The software offers a range of features, such as automated compliance tracking, reporting, and audit trails, making it easier for organizations to monitor compliance-related risks.

Is Jira a risk management tool? ›

Jira as a Risk Management Tool

If you are using Jira for project management already, you should use this also for the risk management process. When it comes to managing risks, Jira offers a robust platform with various features that help project managers track and mitigate potential issues.

Do risk managers use Excel? ›

Microsoft Excel remains the predominant tool for risk management across the life sciences industry. Spreadsheets are inherently limited, but their adaptability, user-friendly interface, and cost-effectiveness have rendered them the favorite choice among life sciences risk management professionals.

What software is ERM? ›

Enterprise Risk Management software offers a variety of specialized features and functions – like heat maps, risk assessments, and risk registers – to assess risks, identify changes, and prioritize actions to minimize exposure and maximize opportunity.

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