Cyber risk management has become a growing focus of today's risk managers. Even large and established companies have made the news because of recent data breaches. Besides the serious threat of lost data and business interruption, the news of a data breach can do serious damage to a company's reputation. Taking cyber security for granted could be a very costly mistake for your company.
At the same time, many companies are discovering the advantages of outsourcing their IT and computing power. Increasingly, businesses use outsourced software that runs on third-party company's machines. The advantage of using hosted software could include a greater ability to scale, cost reductions, and a simplified business that doesn't need to include onsite IT professionals and large software development costs. However, risk managers need to understand how to protect themselves when they give up control of their software and computing power to software companies.
Risks Associated With Outsourcing Computing to Third Parties
In a previous article called "Not Everything's Negotiable: What Risk Managers Need to Know About Cloud Contracts," we highlight the source of potential problems with outsourcing cloud computing. For example, you may negotiate a contract with a third-party computing or hosted software supplier. Af the same time, you might have no true knowledge about that supplier's contracts with possible fourth or fifth parties. It's easy to lose control, and with a loss of control, comes an increased risk of hazards. You need a way to know that any supplier of hosted computing power takes your company's security as seriously as you do.
What's Different About RIScloud?
The risks of using hosted software from third-party suppliers cannot be understated. That's exactly what we had in mind when we developed our own cloud computing solution for use by our software clients. That's why we took every possible step to ensure security. We know that the security of our business hinges on the security of your business.
When you compare RIScloud with other computing solutions, you will learn that we can offer you the security of computing power that has been independently audited to comply with:
- ISO 27001 standard
- HIPAA Security
- HITECH regulations
At Ventiv Technology, we are in the enterprise risk management software business. We believe that we need to hold our own company to the highest standard, and with that in mind, we offer the highest standard of security in our own industry of hosted risk management system software and safety software.
This is how we mitigated risk with the cloud computing that we offer our clients:
- Encrypted data
- Auditing and logging
- Antivirus software
- Strict data policies
- User and system authentication
- Security architecture
- Full-time Chief Information Security Officer
We Keep Your Data Secure
At Ventiv Technology, we already have hundreds of companies with hundreds of thousands of employees depending upon the security of our hosted computing solutions. We'd like to invite you to learn more about the difference between RIScloud computing and that provided by anybody else in the industry. Let us show you how we can secure your data better than anybody else can do it.
