Ballast

BALLAST Risk Assessment Software is a solution designed to streamline the risk assessment process and provide on-demand compliance reporting. According to the vendor, this software is aimed at small to large organizations in industries such as healthcare, insurance, private equity and holding, information security consulting, and financial services. Professionals in these industries can leverage BALLAST to assess and manage risks, ensuring compliance with industry regulations and standards.

Key Features

Dashboard Reporting: According to the vendor, the intuitive dashboard of BALLAST Risk Assessment Software provides real-time feedback on assessments and risk levels, allowing users to visualize risk at-a-glance. It offers insights into risk assessment results.

Assign Assessments: The software tracks assessments over multiple facilities and delegates tasks to process owners, aiming to streamline the assignment process for assessments.

Track Remediations: According to the vendor, BALLAST seamlessly creates, assigns, and tracks remediation activities and due dates. It aims to help users manage and monitor the progress of remediation efforts by providing a centralized view of all activities.

Customizable Threats: BALLAST offers pre-built threat and control standards, as well as the ability for users to create their own. This feature aims to provide flexibility in aligning assessments with specific requirements.

Upload Artifacts: According to the vendor, this software enables users to upload assessment artifacts as evidence of control effectiveness. It provides a centralized repository for storing and accessing assessment artifacts, aiming to ensure easy retrieval of evidence during audits and compliance reviews.

On-Demand Reports: BALLAST generates risk assessment reports on-demand for auditors and regulators, providing comprehensive and customizable reports. According to the vendor, this feature aims to help users meet compliance obligations and demonstrate risk management efforts.

Automate Your Risk Assessment Process: Developed by a team of security professionals, this cloud-based risk assessment tool offers rapid deployment and scalability for assessments across one or multiple locations. It is designed to streamline the risk assessment process and eliminate manual approaches, according to the vendor.

Streamline Your Vendor Risk Management Program: According to the vendor, BALLAST aims to optimize third-party vendor risk management programs by deploying assessments directly to vendors and tracking real-time results on risk rankings. It enables efficient assessment of multiple vendors in less time.