Results Distribution System innovation
enables better management of vendor risk
FRISCO,
Texas, May 24, 2022 /PRNewswire/ -- Today,
HITRUST is announcing the general availability of the HITRUST
Results Distribution System (RDS) to make it easier and more
efficient to collect, inspect, export, and act upon findings in a
third-party information assurance report.
"RDS is a monumental innovation from
HITRUST that fundamentally changes how assurance is
provided..."
The current system of sharing and consuming third-party
assurance reports is antiquated and highly inefficient. Vendor risk
managers are encumbered with mundane and time-consuming tasks in
reviewing existing reports to identify relevant information and, in
many cases, are unable to capture information into a third-party
risk management (TPRM) system for tracking and further
analysis.
"Today we receive assessment reports in PDF format and dedicate
a significant amount of resources to collecting and reviewing the
contents," said Gerald Greeley,
Chief Information Officer, Lawrence General Hospital. "Eliminating
or greatly reducing those tasks will free up resources to better
manage vendor risk."
RDS allows assessed entities to share their assessment results
securely and electronically with designated relying parties who can
seamlessly locate and review key aspects of the assessment results,
such as date, scope, control requirements, scores, and corrective
action plans, through the RDS portal or integrated into their own
TPRM System via API.
There is no longer a need for risk analysts to manually review
assessment results and extract relevant information from PDFs, so
resources are freed up for more strategic activities. RDS
eliminates the need to search through huge PDF files that are
static and difficult to use.
"Since every HITRUST assessment is performed leveraging a single
assurance eco-system, we're uniquely positioned to enable and
support the secure and seamless exchange and consumption of
assessment results," said Kevin
Charest, EVP, and Chief Technology Officer,
HITRUST.
RDS is the latest example of HITRUST innovation that improves
the overall user experience, supporting information risk management
and compliance while establishing leadership in the quality and
reliability of assessment results. In the second half of 2022,
HITRUST will release additional RDS enhancements that offer
advanced analytics with configurable dashboards, monitoring
notifications, and expanded API integration for use with TPRM and
other systems.
"RDS is a monumental innovation from HITRUST that
fundamentally changes how assurance is provided at scale between
customers and their vendors," said Cliff
Baker, CEO of CORL Technologies. "It will not just allow us
to more efficiently support our customers but enable better
analytics and insights through the CORL TPRM Platform."
"For third party risk management systems to achieve their full
potential in helping organizations manage their vendor risk,
assessment results need to be electronically shared and consumed,"
said Jeremy Fisher, Vice President
of Product at Archer. "HITRUST's results distribution system is a
big step in making that possible and will be a strong complement to
our focus on vendor interaction through Archer Engage. "
Details on RDS, its benefits, and how it works can be found on
the HITRUST website here: HITRUST Results Distribution
System.
About HITRUST®
Since it was founded in 2007, HITRUST has championed programs
that safeguard sensitive information and manage information risk
for organizations across all industries and throughout the
third-party supply chain. In collaboration with privacy,
information security, and risk management leaders from the public
and private sectors, HITRUST develops, maintains, and provides
broad access to its widely adopted common risk and compliance
management frameworks as well as related assessment and assurance
methodologies. For more information,
visit www.hitrustalliance.net.
Media contact: Donna
McCally, e: donna.mccally@hitrustalliance.net, t:
469-269-1147
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hitrust-removes-barriers-to-leveraging-information-assurance-results-301553267.html
SOURCE HITRUST Services Corp.