Automate Your Risk Assessment Process
BALLAST is packed with knowledge obtained from hundreds of risk assessments, as well as guidance from national and international standards-making bodies. The result is a tool that will streamline the risk assessment process and eliminate the bottlenecks associated with manual approaches. BALLAST enables you to quickly deploy one or hundreds of assessments across your organization and visualize risk at-a-glance using intuitive dashboard reporting. Once high-risk threats are identified, you can efficiently prioritize, delegate and track remediations to mitigate your organizational risk.
BALLAST is a cloud-based risk assessment tool that streamlines the assessment process and provides on-demand compliance reporting.
Intuitive dashboard delivers real-time feedback on assessments and risk levels
Track assessments over multiple facilities and delegate tasks to process owners
Seamlessly create, assign, and track remediation activities and due dates
Use pre-built threat and control standards or create your own
Upload assessment artifacts as evidence of control effectiveness
Generate risk assessment reports on-demand for auditors and regulators
Increase In Data Breaches
Average Data Breach Costs
Was Your Last Risk Assessment a Waste of Time?
Risk assessments are often a waste of time because they are done incorrectly, the process is inefficient, and then, after a very cursory review, the report just sits on the shelf and doesn’t accomplish anything.
But, it doesn’t have to be that way.
Mark Fulford, Co-founder of BALLAST, has written an eBook entitled 4 Reasons Your Risk Assessment Is a Waste of Time, that will show you simple strategies to help you avoid 4 common pitfalls that turn your risk assessments into a waste of time. Download the FREE eBook today!
BALLAST Use Cases
BALLAST enables you to efficiently identify risk and maintain compliance in these industries and many more.
Hospitals and health systems have obligations to comply with the HIPAA Security Rule. BALLAST helps healthcare IT and security leaders meet the challenges of ever-increasing regulatory pressure and budgetary constraints in an industry where patient care always takes first priority.
BALLAST automates the risk assessment process, so you can concentrate on keeping systems online and patient data highly available and protected.
Key Healthcare Benefits:
- Meet compliance obligations in less time
- Gain critical data on areas of risk to PHI
- Optimized for use across multiple facilities
Private Equity & Holding
Understanding the cyber risk and compliance postures of portfolio companies is critical to minimize financial, operational and legal risks for organizations with sensitive or protected information in retail, healthcare, financial and service sectors.
BALLAST’s dashboard reporting gives managers visibility into assessments across one or hundreds of organizations.
Key Private Equity & Holding Benefits:
- Gain insights into risk across your entire portfolio
- Delegate assignments and tasks to company stakeholders
- Gamification compares portfolio companies to their peers
Payers in the health and welfare ecosystem must comply with a host of regulatory mandates around healthcare data, personally identifiable information, along with cardholder data. Performing risk analysis is a requirement for many of these standards.
BALLAST helps insurance companies identify risk with third-party claims processing, data analytics, and services that access sensitive member data.
Key Insurance Benefits:
- Maintain compliance across multiple standards
- Perform third-party vendor risk management
- Build remediation plans and delegate tasks
BALLAST is designed for rapid deployment. We go through a quick setup process to create your secure environment, then you are ready to create and deploy your first assessment, monitor progress and review remediations. Easily prioritize, delegate and track remediations to manage your organizational risk.
View Case Study
”There are other offerings out there for risk assessment, but it all boils down to the partnership that I've been able to establish with LBMC and BALLAST.Michelle ByrdSenior VP of Compliance, VRC
Request a Demo
See for yourself how BALLAST can help simplify your risk assessment process. Contact us today to schedule your free demo.
Questions? Call us at 1-833-GO-BALLAST (1-833-462-2552).
Let's Get Connected
Sign-up to receive risk management best practices, tips and product updates from BALLAST. Get the latest news by following us on social media.