January 24, 2008

With an eye toward data security regulations, compliance solution provider TraceSecurity released its Risk Manager as a Software-as-a-Service (SaaS) offering. The Baton Rouge, La.-based vendor says Risk Manager enables companies to protect confidential data from physical and electronic threats, as well as demonstrate a verifiable and repeatable methodology for security, which is necessary to remain compliant with federal and state regulation.

Risk Manager features risk management methodology based on industry standards, predefined and customizable assessment templates, and tools for generating online risk assessment questionnaires. According to TraceSecurity, the software generates risk scorecards and profiles, as well as board-level reports.

The SaaS model, TraceSecurity says, gives Risk Manager an edge in the compliance software market. "By offering Risk Manager as a SaaS solution, we are able to automate the required risk assessment process into a single robust solution with the benefits of on-demand delivery, enabling fast implementation times, minimal IT involvement and low cost of ownership," said TraceSecurity president and CEO Peter Stewart in a release.