Secureframe Risk Management
Secureframe's Risk Management solution is an AI-powered tool that automates the assessment and management of risks in an organization. It a...
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What is Secureframe Risk Management?
Secureframe's AI-powered Risk Management solution automates risk assessment to save time and reduce the costs of maintaining a strong risk management program. The end-to-end solution makes it easy to identify, manage, and mitigate risk so organizations can build and maintain a strong security compliance posture. It follows the ISO 27005 methodology to effectively assess risks and make smart decisions for security compliance programs.
Key features include Comply AI for Risk, which automates the risk assessment workflow by producing inherent risk score, treatment plan, residual risk score, and justifications with a single click. The tool includes a risk library with pre-built NIST risk scenarios across categories like Fraud, Legal, Finance, and IT that can be added to your risk register. Users can link controls to known risks using Comply AI for Control Mapping, view risk history with point-in-time snapshots, customize scoring scales and tags, and monitor progress through dashboards with heat maps, summary tables, and trend charts.
The tool is designed for security and compliance teams, audit teams, and risk management professionals who need to satisfy compliance requirements for frameworks such as SOC 2, ISO 27001, PCI, and HIPAA. It serves organizations of all sizes looking to automate their risk management program and demonstrate security posture improvements to executives, auditors, and stakeholders.
Secureframe Risk Management pricing
Pricing model: Free
Secureframe does not offer a free tier. Pricing is custom/enterprise-only and requires a sales demo. The platform offers three tiers: Fundamentals (~$7,500/year estimated), Complete (most popular), and Defense/Federal. Risk Management is included in the Fundamentals tier. Advanced Risk Management and Advanced Third-Party Risk Management are only available in the Complete tier. Pricing varies by headcount, framework count, features, and contract term. Average deal price is approximately $20,500/year. Small teams (~50 people) typically pay $14K-$20K/year. The Fundamentals tier includes 1 compliance framework, while Complete and Defense tiers offer unlimited frameworks.
Secureframe Risk Management pros
- AI-powered Comply AI for Risk automates risk assessment workflow
- Produces inherent risk score, treatment plan, and residual risk score automatically
- Follows ISO 27005 methodology for standardized risk assessment
- Pre-built risk library with NIST risk scenarios across multiple categories
- Risk categories include Fraud, Legal, Finance, and IT
- Link controls to risks using Comply AI for Control Mapping with machine learning
- View point-in-time snapshots of risk register for auditors
- Custom scoring scale (1-10) and custom risk score groups
- Custom tags to categorize risks by business needs
- Interactive dashboards with heat maps, summary tables, and trend charts
- Quantitative risk assessment using Annualized Loss Expectancy Methodology
- Calculate Single Loss Expectancy (SLE) and Annual Loss Expectancy (ALE)
- CSV upload for flexible risk import with template provided
- Document attachments to individual risks for treatment documentation
- Task management with notifications via email, Jira, or Slack
- Archive and delete archived risks functionality
- Tracks risk history to show security posture improvements over time
Secureframe Risk Management cons
- No free tier available - requires sales demo for pricing
- Enterprise-grade pricing starts at approximately $7,500/year
- Risk questionnaire feature removed and replaced with risk library
- Cannot reuse Risk IDs even after archiving a risk
- Once a risk is deleted, it cannot be recovered or reverted
- Advanced Risk Management only available in Complete tier, not Fundamentals
- Advanced Third-Party Risk Management requires Complete tier upgrade
- Pricing not publicly disclosed - requires custom quote from sales
Frequently asked questions about Secureframe Risk Management
What is Comply AI for Risk and how does it work?
Comply AI for Risk is Secureframe's AI-powered capability that automates the risk assessment workflow. By leveraging a risk description and company information, it produces detailed insights with a single click, including inherent risk score, treatment plan to respond to the risk, residual likelihood and impact after treatment, and justifications. It augments the ISO 27005-based risk assessment workflow and reduces manual tasks.
What is included in the risk library?
The risk library is a catalog of pre-built risks based on NIST risk scenarios. Each risk comes with a set description and category such as Finance, Legal, IT, or Fraud. Organizations can quickly scan the library, identify risks that apply to their organization, and add them to their risk register. The library is a more efficient replacement for the old risk questionnaire and saves significant time identifying risks.
How do I add risks to my risk register?
There are three ways to add risks: create a custom risk manually, add from the pre-built NIST-based risk library, or import risks via CSV (the importer provides a template with required columns). After adding, risks appear in 'Draft' status. To move to 'Assessment complete', complete the risk assessment process by reviewing likelihood, impact, treatment controls, assigning tasks, uploading documentation, and conducting regular reviews.
What compliance frameworks does Risk Management support?
Secureframe's Risk Management solution helps organizations meet compliance requirements for SOC 2, ISO 27001, PCI, and HIPAA. The Fundamentals tier includes 1 compliance framework, while the Complete and Defense tiers offer unlimited frameworks. Treatment plans can be documented to meet the criteria for all these frameworks.
Can I customize how risks are scored and categorized?
Yes, Secureframe offers flexibility to customize your risk management system. Custom scoring allows you to adjust the risk scoring scale between 1-10 and customize risk scoring groups to align with how you define high, medium, and low risk. Custom tags let you create risk categories specific to your business and filter the risk register by tag to track all risks associated with that category.
What happened to the risk questionnaire feature?
The risk questionnaire is no longer available and has been replaced by the risk library. Any completed questionnaire parts were transferred to the new risk register in the exact status left. If you were partway through the questionnaire, you can now use the risk library by scrolling through the catalog and identifying remaining risks to add to your register.
How does linking controls to risks help?
Linking controls to known risks allows you to coordinate risk management strategies with compliance requirements. Comply AI for Control Mapping uses advanced machine learning and natural language processing to intelligently suggest control mappings to risk assessments. This helps organizations assess residual risk and recognize and close gaps in their risk management program.
What dashboard visualizations are available for risk monitoring?
Dashboards provide a holistic view of organizational risks with graphical representations including heat maps, risk summary tables, and risk trend charts. These visualizations make it easy to communicate top risks, areas of concern, areas of improvement, and overall program health to executives, auditors, and other stakeholders. You can visually monitor progress over time.
Can I perform quantitative risk assessment in Secureframe?
Yes, you can leverage quantitative risk assessment during your risk assessment process. The in-platform quantitative risk assessment uses the Annualized Loss Expectancy Methodology to calculate risk in terms of financial loss. You can calculate Single Loss Expectancy (SLE) based on asset value and percentage impacted, and Annual Loss Expectancy (ALE) based on SLE, event occurrence rate, and certainty of numbers.
Is it possible to reuse risk IDs after archiving?
No, you cannot reuse the same Risk ID name even if the risk is archived. However, you can change the Risk ID name by creating a new one. If a Risk ID is already in use and archived, you must delete the archived risk before reusing the same Risk ID for a different one. Note that once a risk is deleted, it cannot be recovered or reverted.