SAFE’s ServiceNow Apps Bring FAIR to Integrated Risk Management (IRM)

Risk scenarios, assets, third-party data now seamlessly integrated

By Jeff Copeland

Three new apps on the ServiceNow Store make Integrated Risk Management (IRM) faster, easier and more reliable with connectors that seamlessly integrate ServiceNow with SAFE One, the only AI-driven platform for continuous cyber risk management based on the FAIR standards for risk quantification.

SAFE One enables businesses to prioritize security actions based on financial impact, optimize cybersecurity investments, and communicate risk in the dollars-and-cents language that all stakeholders can understand.

Now available in the ServiceNow Store:

SAFE IRM Connector seamlessly integrates FAIR-based cyber risk scenarios from SAFE One to ServiceNow workflows by linking a ServiceNow entity or risk to a SAFE One Group (a set of assets  specific to a business unit, geography or other category that requires risk analysis).

SAFE Asset Connector updates asset metadata for automated mapping to Groups in SAFE One.

SAFE TPRM Connector onboards third party data from ServiceNow to SAFE One and pulls risk details of third parties from SAFE One to ServiceNow. With SAFE, third-party cyber risk management is as seamless, efficient, and consistent as managing first-party risks.

How FAIR Cyber Risk Quantification Transforms the Traditional Risk Register

SAFE and ServiceNow are leading the way to transform the traditional risk register from a low-utility catalogue of risks to a tool for active cyber risk management, aligned with business goals and the organization’s broader Integrated Risk Management strategy.  

In the traditional approach, risks are entered into a GRC or risk register based on subjective ratings of high/medium/low, limited metrics and in a tech silo separate from business imperatives.

Following the FAIR standards, risk managers benefit from:

• Quantitative analysis: measuring risk in financial terms such as probable loss in dollars, enabling clear prioritization among risks in the register.
• Risks framed precisely in terms of scenarios with a specific threat, asset, vulnerability and loss event, giving clarity and mutual understanding to discussions of cyber risk management.
• Actionable, data-driven insights, supporting resource allocation and mitigation strategies.
• Through integration with the SAFE One platform, a FAIR-aligned risk register evolves with changes in the threat landscape, control environments, and business objectives, keeping pace with the highly dynamic requirements of effective cyber risk management.
• Risks can be explicitly tied to organizational goals and risk appetite for effective communication with the stakeholders who set strategy.

The complexity and stakes of risk management continue to rise — a risk register aligned with the FAIR standards and an IRM initiative can help organizations make the step change from by-the-book, technical compliance to a business-aligned strategy that accelerates growth and resilience.

Learn more about the SAFE app in the ServiceNow Store.