Cyber asset attack surface management (CAASM) is focused on enabling security teams to overcome asset visibility and exposure challenges. It enables organizations to see all assets (internal and external), primarily through API integrations with existing tools, query consolidated data, identify the scope of vulnerabilities and gaps in security controls. These tools then continuously monitor and analyze detected vulnerabilities to drill down the most critical threats to the business and prioritize necessary remediation and mitigation actions for improved cyber security.
Gartner defines governance, risk and compliance (GRC) tools as tools designed to support a holistic enterprise risk management (ERM) process, encompassing risk identification, assessment, mitigation, monitoring and reporting. These tools enable ERM teams to create a unified view of top enterprise risks, facilitating coordination across first- and second-line teams (e.g., corporate compliance) and partnering with internal audit on aligned assurance. GRC tools empower leaders to automate, manage and report on enterprise-level risks comprehensively. These tools facilitate the risk assessment process, enable workflow automation and streamline information exchange among leaders and first-line risk owners, enhancing the identification, assessment and communication of top enterprise risks. GRC solutions also support decision making through data visualization, reports and dashboards, offering insights for executives and the board, and integrating with other risk management technologies to provide a comprehensive risk view. Increasingly, GRC tools incorporate AI capabilities for advanced automation, including risk score validation, recommended controls and risk quantification.
The IT risk management (ITRM) market focuses on solutions that support the ITRM discipline through automating common workflows and requirements. For the purposes of defining this market, IT risks are risks within the scope and responsibility of the IT department. These include IT dependencies that create uncertainty in daily tactical business activities, and IT risk events resulting from inadequate or failed internal IT processes, people or systems, or from external events.
Gartner defines Integrated risk management (IRM) as the combined technology, processes and data that serves to fulfill the objective of enabling the simplification, automation and integration of strategic, operational and IT risk management across an organization.