New GRC Platform TrustRegister Links Risk to Revenue Impact

TrustCloud's latest application, TrustRegister, empowers businesses to verify and assure trust in every relationship.

TrustRegister allows companies to leverage programmatic risk assessments to proactively identify risks, simplify collaboration, and understand risk-related revenue and business impact, the company says. Because TrustRegister ties contracts and customers to risks, businesses can assess risk-related revenue impact and see exactly how risks will affect the bottom line.

Companies relying on frameworks such as SOC 2 and ISO 27001 for compliance are required to complete risk assessments to identify and document potential threats, the likelihood of occurrence, and effective plans to mitigate the threats. TrustRegister automatically assigns, notifies, and prioritizes tasks and remediation plans to reduce enterprise risk. Automated workflows streamline collaboration across dispersed teams.

“TrustCloud is empowering InfoSec leaders to make a business case for GRC programs because they know the revenue and liability impact of security and privacy risks,” said Sravish Sridhar, founder and CEO of TrustCloud.

TrustCloud's predictive Trust Assurance platform elevates governance, risk management, and compliance (GRC) into a profit center, the company says.