MetricStream IT and Cyber Risk Management software empowers organizations to adopt a focused, business-driven approach to identifying, managing and mitigating IT and cybersecurity risks. It enables users to conduct IT risk assessments, implement controls, and take necessary mitigation actions. It enables users to conduct IT risk assessments, implement controls, and take necessary mitigation actions. Advanced cyber risk quantification capabilities help quantify cyber risks in monetary value. Sophisticated analytics and reports transform raw risk data into actionable IT risk intelligence, providing clear visibility into the top cyber risks affecting the enterprise.
Cyber & IT Risk Management Software
Measure Your Program Outcomes
Source: Based on MetricStream customer responses and GRC Journey Business Value Calculator
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66 %reduction in the time taken to complete risk assessment
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37 %cost savings in risk assessment and related processes
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30 %decrease in the number of resources needed for scaling up the level of vulnerability management
Simplify IT Risk Identification, Assessment, Analysis, and Mitigation
MetricStream IT and Cyber Risk Management software empowers organizations to adopt a focused, business-driven approach to managing and mitigating IT and cyber risks. Built on the MetricStream Platform, it enables users to conduct IT risk assessments, implement controls, and take necessary mitigation actions. Advanced cyber risk quantification capabilities help quantify cyber risks in monetary value. Sophisticated analytics and reports transform raw risk data into actionable IT risk intelligence, providing clear visibility into the top cyber risks affecting the enterprise.
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How Our IT and Cyber Risk Management Software Helps You
Centralized Repository for Assets, Processes, Threats, and Vulnerabilities
Define and maintain business entities such as IT risks, assets, threats, vulnerabilities, processes, and controls in a central repository on the MetricStream Platform. Map IT assets to threats and vulnerabilities along with associated details such as description, category, hierarchy, ownership, visibility, and validity.
Streamlined Threat and Vulnerability Management
Monitor the threat landscape, zero-day advisories, and threat bulletins from leading industry sources. Import data from multiple vulnerability scanners and generate combined risk rating for each asset, while orchestrating the remediation process workflow.
Advanced IT Risk and Control Assessments
Assess and manage IT risks and controls in an integrated manner using industry standard frameworks such as ISO 27001 and NIST. Conduct advanced assessments by configuring risk scores and ranking them using a simple risk matrix. Roll up the scores to an assessed entity or organization.
Cyber Risk Quantification and Simulation
Assess your cyber risk exposure in dollar values, using the product’s Cyber Risk Quantification capabilities. With support from the FAIR model, provide monetary impact of cyber risks like data breaches, identity theft, infrastructure downtime, etc. Create simulation techniques to transform range-based estimates into more accurate values. Enable executives to prioritize cyber investments better, driving alignment between cyber programs and business goals.
AI-Powered Intelligent Issue Management
Identify and document issues from IT risk assessments. Initiate a closed-loop process of investigation, root cause analysis, and remediation. Define rules to auto-detect vulnerability patterns among assets and to auto-trigger remediation of issues or incidents. Leverage AI/ML to quickly identify issues based on relation and recommend issue classification.
Comprehensive Visibility into Cyber Risks with Intuitive Dashboards and Reports
Built-in dashboards, user-configurable risk reports, heat maps, and role-based views aggregate relevant risk, threat, vulnerability, and control data for comprehensive visibility into overall security posture. Gain a 360-degree view of the information through the product’s data browser.
How Our IT and Cyber Risk Management Software Benefits Your Business
- Build confidence with regulators and executives through enterprise-wide cybersecurity risk management. Gain real-time threat visibility, improve efficiency by prioritizing remediation, and enhance decision-making with accurate insights from the first and second lines of defense.
Trusted by Leading Brands
Related Resources
eBook
The Ultimate Guide to Risk-Based Cyber Governance, Risk, and Compliance (GRC)
Analyst Report
MetricStream Named a Leader in IDC MarketScape 2025 Worldwide GRC Software Report
Frequently Asked Questions
MetricStream IT and Cyber Risk Management is a AI-first product that enables organizations to identify, assess, quantify, monitor, and mitigate IT and cyber risks in a business-driven, integrated manner. It integrates with IT security tools and intelligence feeds to prioritize risk exposure across IT assets, and provides sophisticated analytics—including cyber risk expressed in dollar values—to transform raw risk data into actionable intelligence for security and executive teams.
According to customer responses and the GRC Journey Business Value Calculator, MetricStream IT and Cyber Risk Management has delivered a 66% reduction in time taken to complete risk assessments, 37% cost savings in risk assessments and associated processes, and a 30% reduction in the number of work days required for a scaled-up level of vulnerability management.
MetricStream IT and Cyber Risk Management includes a Threat Intelligence capability that monitors the threat landscape through feeds from leading industry sources, including zero-day advisories and threat bulletins. IT assets are mapped to relevant threats and vulnerabilities in a centralized repository, and security teams can subscribe to RSS or email-based alerts for emerging threats. Real-time graphical dashboards provide drill-down visibility into the current threat environment.
MetricStream IT and Cyber Risk Management imports vulnerability data from multiple third-party scanning tools and generates a combined risk rating for each IT asset based on both vulnerability severity and the asset's business criticality. This combined rating allows security teams to prioritize remediation efforts based on actual business impact rather than technical severity alone, ensuring that the highest-risk vulnerabilities are addressed first and that available resources are directed to the areas of greatest need.
MetricStream IT and Cyber Risk Management includes Cyber Risk Quantification capabilities that express cyber risk exposure in dollar values. Using the FAIR (Factor Analysis of Information Risk) model, the product calculates the monetary impact of cyber risks such as data breaches, identity theft, and infrastructure downtime. This financial framing allows organizations to fulfill regulatory requirements for financial disclosure of cyber risk factors and helps executives prioritize cyber investments based on quantified business impact.
MetricStream IT and Cyber Risk Management supports industry-standard IT and cyber risk assessment frameworks including ISO 27001, FAIR, and NIST CSF. Organizations can configure risk scoring methodologies, roll up scores to assessed entities or the broader organization, and define logic for computing both inherent and residual risk scores. Flexible heat maps allow teams to visualize and analyze risk scores at multiple levels of granularity.
MetricStream IT and Cyber Risk Management integrates with multiple endpoint IT security and infrastructure management tools, Configuration Management Databases (CMDBs), and security intelligence feeds. IT assets consolidated from CMDB integrations can be mapped to business entities and associated threats and vulnerabilities within the platform. This integration approach allows organizations to leverage their existing security investments while gaining a unified risk view across all data sources.
MetricStream IT and Cyber Risk Management provides user-configurable risk reports, risk heat maps, and role-based executive dashboards that aggregate IT and cyber, threat, and vulnerability data into clear, actionable intelligence. A 360-degree view of the risk environment through the platform's data browser allows CISOs and security managers to communicate cyber risk posture to regulators and executive leadership with accuracy and confidence, and to align cyber investment decisions with quantified risk exposure.
MetricStream IT and Cyber Risk Management enables a closed-loop issue management process that begins with the identification and documentation of issues from IT and cyber risk assessments. AI and ML capabilities recommend issue classification and help identify related issues from prior assessments. Organizations can define rules to auto-detect vulnerability patterns and auto-trigger remediation workflows. Issues are tracked through investigation, root cause analysis, and remediation to closure, with all activity recorded in an audit trail.
MetricStream IT and Cyber Risk Management supports both the first line (business units and IT operations) and the second line (risk management and compliance functions) through role-based dashboards and data access controls. First-line users can report vulnerabilities, track remediation actions, and view their assigned risk posture, while second-line functions gain a consolidated enterprise-wide view of IT risk. This shared platform eliminates the information gaps between lines of defense that often delay effective risk response.