What Is Risk Assessment?

Risk assessment is careful, comprehensive evaluation of the risks that could affect all elements of the business information infrastructure. A critical element of effective risk management, a comprehensive assessment details those risks and offers recommendations for the specific appropriate controls most likely to minimize them. Effective assessments focus closely on information systems and proprietary and personal data, and also look beyond these areas.

Comprehensive risk assessment must address both negative risks, such as those that threaten financial stability or corporate reputation, as well as risks associated with potential business growth opportunities. Pursuit of continuous compliance with SOC 2 can help with both, by helping your business develop, deploy, and maintain effective assessment and remediation policies, procedures, and practices.

How Trustero Can Help

Trustero Compliance as a Service (CaaS) is cloud-based, easy-to-use compliance automation software. It is designed to simplify SOC 2 audit readiness and enable continuous compliance. For example, the Trustero platform includes auditor-approved controls and auditor-vetted policy templates. It performs automated evidence gathering and validity testing. And it provides AI-powered recommendations for manual evidence gathering and testing. These features help reduce the risks of failing a SOC 2 audit.

Trustero CaaS also integrates with leading Software as a Service (SaaS) tools and platforms. In addition, the Trustero solution constantly monitors your technology infrastructure and can notify administrators when an element falls out of SOC 2 compliance. Regular and on-demand reports of your compliance posture helps you achieve and sustain continued compliance. These and other features help you assess, mitigate, and remediate risks.

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