GRC Platform (Governance, Risk, Compliance)

The Problem

You have challenging compliance requirements, not enough time to get audits done, and keeping up with risk assessments including third-party vendors is a continuous problem.

Big, complex GRC platforms are expensive, take forever to deploy, and need 2 people with wrenches to keep them going. Meanwhile, your compliance, risk, and audit projects are piling up because of the lack of resources. Your organization does not need overly complex workflows, but somehow GRC vendors think “complex is good” (and expensive).

Specific GRC Problems That IT Teams Face:

  • Challenging compliance requirements
  • Not enough time to get audits done
  • Keeping up with risk assessments
  • Vetting and managing vendors to mitigate third-party risk
  • Lack of resources
  • No easy-to-use tools

The Problem Related to Vendor Risk Management

Using third party vendors helps you increase efficiencies but also introduces risk into your organization. According to Ponemon Institute’s 2018 “Data Risk in the Third-Party Ecosystem” study, 59% of organizations experienced a data breach caused by a third-party vendor.

With more than half of all breaches originating through vendors, effectively mitigating your third-party risk is crucial. We know that managing your vendors has become difficult to do without a centralized platform and a defined process that gives you visibility into the tasks and controls that need to be addressed by your vendors. Without an easy and affordable platform to manage risks related to your vendors these are some of the pain points we’ve heard from you:

  • Traditional spreadsheets make it hard to keep track of all your vendors and data
  • You have no easy view into your vendors’ strengths and weaknesses without manual effort
  • There is limited time and lack of resources to assess vendors
  • No consistent or standard process for assessment of vendors
  • Difficult to monitor your vendors’ risk
  • You need a better way to understand which vendors have access to certain data
  • Being able to efficiently handle vendor offboarding questionnaires

Managing This Problem

The KCM GRC platform was developed to save you the maximum amount of time getting GRC done.

Old-school GRC offerings require many months of implementation and high consulting costs to stand up. KCM GRC has a simple, intuitive user interface, easy to understand workflows, a short learning curve, and will be fully functional in a matter of days.

In half the time and half the cost, with KCM GRC you can efficiently manage compliance and risk initiatives, vet and manage third-party risk, and understand at a glance what items need to be addressed.

Positioning Statement

When your next audit comes up, are you thinking: “UGH, is it that time again?” It does not have to be that way!

With KnowBe4’s KCM you can manage your compliance and risk projects and vet and monitor your third-party vendors faster than ever. KCM is a surprisingly affordable Governance, Risk and Compliance (GRC) SaaS platform that will get your audits done in half the time!

Product Description

KCM is a SaaS-based GRC platform that is surprisingly affordable and super easy to use. Now you can move beyond using spreadsheets and manual processes that are time consuming and unmanageable.

With KCM, you can effectively and efficiently manage risk and compliance within your organization and across your third-party vendors, while gaining insight into gaps within your security program.

Features

Part of a comprehensive GRC platform consisting of the following modules:

  • Compliance Management (CM) – Effectively manage and automate the compliance and audit cycles.
  • Policy Management (PM) – Manage policy distribution and attestation through campaigns.
  • Risk Management (RM) – Identify, assess and monitor your risk.
  • Vendor Risk Management (VRM) – Efficiently manage third-party vendor risk and understand at a glance, what items need to be addressed to reduce risk.