Top 5 IT Risk Management Tools to Safeguard Your Business in 2025

 

Organizations must protect themselves against growing cyber threats by proactively recognizing, analysing, and managing risks before they escalate. Many organizations continue to use outmoded ways to manage IT risks, such as spreadsheets and email threads, which waste time and increase the likelihood of human error.

To stay ahead, consider utilizing modern IT Risk Management technologies, such as SAI360. These solutions provide real-time monitoring, detection, automation, mitigation, and evaluation, seamlessly integrating with your existing security architecture.

Without real-time risk visibility, organizations remain exposed to threats. The added load of obtaining and updating screenshots from numerous platforms exacerbates the inefficiencies of the process.

What are IT Risk Management Tools?

QKS Group defines IT Risk Management involves the process of identifying, assessing, and mitigating risks that could affect an organization's information technology systems and infrastructure. This process is crucial to maintaining the integrity, confidentiality, and availability of IT systems and data. IT Risk Management ensures that the organization adheres to relevant regulatory requirements, industry standards, and internal policies. By implementing effective IT Risk Management practices, organizations can identify, evaluate, and address potential threats to their IT infrastructure, thus ensuring the security and reliability of their systems and data.

5 Features to Look for When Choosing an IT Risk Management Platform

When choosing an IT Risk Management platform, you’ll want to focus on key features that ensure comprehensive risk assessment, continuous monitoring, and effective mitigation. Here are five essential features to look for:

1. Real-Time Monitoring and Threat Detection

When selecting an IT risk management platform, it is critical to have a live, simple risk register that includes actionable procedures for risk management.

This record should capture all risks, possible threats, and vulnerabilities, ensuring that no risk is missed. The platform should also provide real-time risk monitoring, threat detection, and reporting to provide continuous insight into your IT environment.

2. Automation and Simplification of Quantifying Risks and Compliance Reporting

Manual risk assessments and compliance audits are time-consuming and prone to mistakes. The software should make risk quantification easier by automating evaluations based on predefined and customized criteria. Whether you need a rapid review using established score variables or a more in-depth look with unique data, the system adjusts to your risk analysis needs.

Furthermore, the solution must evaluate your organization's risk status, both general and third-party/vendor risks, identify areas of concern, and provide actionable insights for development.

3. Real-Time Risk Dashboard

IT risk management software must have an interactive dashboard that provides real-time updates on your organization's cybersecurity metrics, compliance status, and vulnerabilities. You may track risks at all stages, prioritize them based on their importance, and manage unresolved hazards by monitoring their status.

4. Collaboration

IT risk management necessitates teamwork and collaboration across IT, security, compliance, legal, and leadership departments. Choose a platform that facilitates team collaboration by providing communication tools, task management, and incident resolution options.

It should allow you to set up risk mitigation tasks for each linked risk. You can have many activities in one area, such as conversations and file uploads.

Top 5 IT Risk Management Software in 2025

IBM

IBM is a well-known company focusing on technology and development. The primary aim is to promote technology advancement and improve infrastructure via focused development and consulting services. It encourages originality and invention to facilitate the transformation of theoretical concepts into actual realities, thus enhancing global functionality. IBM drives change by developing breakthrough solutions that restructure and reinvent the world.

MetricStream

MetricStream provides Integrated Risk Management and GRC (Governance, Risk Management, and Compliance) solutions to help organizations make more risk-aware decisions. Its services integrate governance, risk management, and compliance across a business. MetricStream offers three product lines: BusinessGRC, CyberGRC, and ESGRC, supporting enterprises at all stages of their GRC journey.

NAVEX

NAVEX is a worldwide firm that creates risk and compliance software. The organization focuses on strengthening risk management methods in enterprises across various sectors. NAVEX offers unified solutions that aid firms in managing risk, compliance, and ESG initiatives more efficiently. The company integrates risk across multiple organizational sectors to raise awareness, improve operational performance, and facilitate informed decision-making. Conventionally, NAVEX attempts to provide a technologically advanced platform that enables organizations to foresee and manage risks.

Kroll (Resolver)

Resolver delivers comprehensive risk management software that allows enterprises to manage enterprise risk, compliance, audit, and security issues from a single platform. The Risk Intelligence Platform offers process automation, customizable assessments, real-time dashboards, and audit-ready reports. Regulatory compliance, IT risk, internal audit, investigations, and threat management are all examples of core use cases. Resolver also offers specialized solutions for brand reputation monitoring and platform trust & safety, combining software and expert analysis to deliver custom reporting and moderation support.

SAI360

SAI360 is a well-established cloud provider that specializes in the integration of Governance, Risk, and Compliance (GRC), Environment, Health, and Safety (EHS), Sustainability, and Learning. The SAI360 platform offers customizable modules to meet the unique demands of each enterprise.

Selection Criteria for IT Risk Management Software

When it comes to selecting the best IT Risk Management software, the process can be both exciting and daunting. With numerous tools available in the market, pinpointing the right one for your organization requires careful consideration. Organizations across the globe partner with various third parties such as vendors, suppliers, and contractors for outsourcing their products and critical services to minimize the overall operational costs, improve profitability, gain competitive advantage, attain faster time to the market, and boost the organization’s productivity.

Moreover, with the rise of globalization and the internet, there has been a significant reliance on IT vendors to handle various critical organizational IT functions. Thus, a breach at any of these third parties poses the risk of network security vulnerabilities, non-compliance with regulations, and equipment failure. Hence, for security purposes, an IT risk management (ITRM) platform is highly recommended to understand the risk exposure that the IT vendors or vendor networks pose to the overall organization. QKS Group’s latest research — "Market Share: IT Risk Management, 2023, Worldwide" and "Market Forecast: IT Risk Management, 2024–2028, Worldwide" — provides in-depth insights into current trends, vendor performance, and the evolving risk landscape in this domain.

Conclusion

Choosing the best IT Risk Management software is a crucial decision that directly affects an organization's financial health and operational efficiency. Our review of the top 5 IT risk management solutions shows that each one has unique features tailored to specific company goals.

An IT manager and their security team are responsible for examining the organization's size, structure, and specialized demands. The proper decision not only simplifies risk management operations but also helps to optimize resources and save costs.

This handbook provides valuable information to help IT administrators make educated decisions. It guarantees that the selected IT risk management solution is perfectly aligned with the organization's objectives, paving the road for long-term success.