The Governance Risk and Compliance (GRC) platform market is predicted to see healthy growth for the next five years. A recent market report forecasts a CAGR of 13.64% through 2028. This growth indicates that enterprises acknowledge the importance of GRC as they encounter new risks and deal with a stricter regulatory landscape.
Notably, GRC solutions are evolving with the changes in cybersecurity risks and regulations. They offer a host of functions to help enterprises undertake operations and resource governance, risk management, and compliance oversight more efficiently. These solutions are often marketed as GRC automation tools, but they usually come with capabilities that go beyond automation.
Cypago, for one, is known for being an enterprise cyber GRC automation solution. However, this SaaS offering actually has several features that significantly enhance compliance oversight and other GRC tasks. Here’s a look at some Cypago features that make GRC significantly easier for organizations.
Code-Free Automation Workflows
The automation of cyber compliance management tasks involves a meticulous process that includes data integration, the identification and analysis of risks, policy and issue management, reporting and analytics, and the configuration of the software tool being used. Things become even more challenging when coding is a must to get things automated.
Cypago addresses this difficulty through no-code automation workflows. Cypago provides a flexible and intuitive interface for orchestrating tasks or workflows that match the specific requirements of an organization. This innovation in security and compliance management empowers enterprises to automate security controls, including the collection of data and security monitoring.
Many aspects of addressing compliance gaps can be addressed on the spot, using integrated controls or rule-based automation flows, while others can be assigned to relevant team members using platform-native project management modules which sync with third-party tracking systems like Jira and Monday.
Cypago also enables organizations to create bespoke cyber GRC programs and controls. This system provides the means to dynamically customize processes and policies, which are optimized to aptly address specific requirements in different systems. It ensures a fine-tuned security approach that includes context-aware rules and precise risk identification.
Seamless Integration with SaaS, IaaS, and PaaS Tools
Cypago takes advantage of cutting-edge technologies such as SSO and OAuth to enable seamless integration with SaaS, IaaS, and PaaS tools. It can connect with a wide range of tools, from 1Password to AWS and Zendesk, to simplify governance and compliance oversight. The process does not require any coding knowledge.
Cypago has a one-click connection mechanism, wherein users simply have to choose from a list of supported integrations. This integration is important because of the growing adoption of “as a service” tools as organizations become increasingly digital, so having the ability to effortlessly collect and consolidate compliance evidence from so many sources is extremely helpful.
Cypago’s integrations also help cyber GRC teams to gain visibility into aspects of compliance that would otherwise be impossible. For example, scanning code for compliance issues is easier when you can automate a data sync with your GitLab libraries and Azure DevOps server, and user access reviews are simplified when you can automate a data sync with identity platforms like Okta and HR information systems like Hibob.
Custom Frameworks to Match Varying Requirements
Organizations rarely have the same requirements when it comes to their governance and risk management. Your company may need to adhere to frameworks related to your industry (HIPAA, PCI DSS), your geo-market (SOX ITGC, GDPR) or the tech you use (NIST AI RMF). You might also decide to take on additional frameworks (ISO 27018, SOC 2) as a means to signal your adherence to strict safety measures.
Some of these frameworks may have overlapping requirements, while there may be other controls that your team sees as necessary but aren’t included in the third-party frameworks you care about. That’s why it’s important to come up with custom policies to properly address specific needs and objectives.
For this, Cypago works with tailor-made security frameworks, enabling organizations to upload and integrate custom security plans to ascertain that the GRC an organization implements is the GRC it needs.
Cypago acts as a platform for open compliance, or a way to expand compliance capabilities. While Cypago already supports several pre-installed standards and frameworks, you can also add or build out new frameworks, regulations, or standards that your team deems applicable to address specific concerns. This feature is particularly important given the rapid evolution of cyber threats and regulations. If there are new regulations or anticipated risks, all that is needed is to upload the corresponding new controls.
Robust Risk Management with Intelligent Gap Analysis
One crucial step in GRC is the identification of the differences or gaps between the existing and ideal states of an organization’s governance, risk management, and compliance. It is important to know if an organization has achieved its goals and detect the areas where it needs more work to reach or approximate its ideal state.
Cypago’s intelligence gap analysis engine is designed to automatically spot security gaps across all of the SaaS tools used by an organization as well as the security infirmities in the cloud environments you work with. Cypago lets the security team define the risks or threats that should be detected and the system automatically undertakes meticulous cyber monitoring and management with an eye on long-term security compliance and unhindered business operations.
There’s no need to scramble at audit time. The platform’s intelligence gap analysis operates as part of a broader risk management system that aims to stop risky activities and ensure full security compliance. It is linked to continuous monitoring and effective mitigation mechanisms to maximize the benefits of automatic security gap identification.
Continuous Control Monitoring
The current threat landscape makes it clear that periodic security testing or scanning is no longer enough. It is important to undertake continuous monitoring to keep up with the increasing aggressiveness and sophistication of modern-day threats. This is why new cybersecurity terms such as continuous threat exposure management (CTEM) have been introduced. There is a need to continuously track and manage cyber hygiene across all environments.
Cypago affords organizations the continuous security control monitoring needed to avoid getting blindsided by new threats. The platform ceaselessly tracks critical controls and generates timely findings as well as actionable insights to help organizations address risks and threats before they turn into actual attacks or compromises. This is a form of proactive threat management and mitigation every organization should consider adopting.
Cypago provides real-time security visibility through its Continuous Control Monitoring (CCM) feature, which covers different security control domains, including data security and confidentiality, the management of user identities and access, and response to security incidents. CCM also extends into the monitoring of the Software Development Life Cycle to make sure that apps are checked against GRC objectives before they are deployed.
Moreover, Cypago provides customized reporting and comprehensive analytics. It features intuitive dashboards that make it easy to generate custom reports and useful insights to accurately evaluate compliance and operational needs.
In Conclusion
Cyber GRC is not an optional concern for modern organizations. To achieve sensible operational and resource governance, risk management, and compliance, it is important to use a reliable GRC tool that enables efficient and continuous monitoring, custom automation, strong risk management functions, integration with existing tools, and compatibility with custom security frameworks and standards.
