HITRUST, the leader in information security assurance for risk management and compliance, has officially announced the general availability of HITRUST Assessment XChange App for ServiceNow, which would be a transformative solution that packs numerous HITRUST innovations together to deliver practical and effective third party risk management.
According to certain reports, the stated new solution offers HITRUST’s proven, best-in-class assurance programs directly into the ServiceNow platform so to provide organizations with seamless automation, actionable insights, and reduced assessment fatigue.
More on that would reveal how it allows for organizations to operationalize and integrate HITRUST’s proven assessment, as well as TPRM toolkit into the ServiceNow platform. Beyond that, it also brings multiple industry innovations that, on their part, can increase the level of assurance, while simultaneously enhancing efficiency of third-party risk management across broad populations.
“Partnerships succeed best when we lean into our unique skills and expertise and have a clear view into the problem we’re trying to solve. HITRUST’s Assessment XChange for ServiceNow extends our reach well beyond where we can go alone and represents the legacy and goals of the Now Platform. I am thrilled to see the continued innovation we will achieve together to help organizations succeed in the era of digital business,” said Erica Volini, Executive Vice President, Worldwide Industries, Partners, and Go-To-Market at ServiceNow.
Talk about the whole value proposition on a slightly deeper level, we begin from the availability of cyber threat-adaptive controls that ensure relevance to emerging cyber threats, and therefore, eliminate the need for any extra redundant questionnaires.
Next up, we must dig into the solution’s promise to provide a broad portfolio of traversable assessment capabilities. This includes low, moderate, and high-risk vendor assessments (e1, i1, r2), along with newly released AI Risk Management and AI Security assessments, each of them markedly built upon the highly recognized HITRUST Framework.
Moving on, the technology in play also offers you proven assurance methodology. We get to say so because HITRUST’s programs achieve the lowest breach rates among assessed entities, as highlighted in the 2024 HITRUST Trust Report.
Another detail worth a mention here is rooted in the solution’s Results Distribution System (RDS), which treads up a long distance to facilitate seamless, detailed, and secure assessment results sharing into the ServiceNow platform. By doing so, the whole setup allows for you to achieve efficient and unmatched vendor control analysis.
Rounding up highlights would be the prospect of Automated Control Inheritance, which effectively cuts down on redundant assessments. This it does by allowing vendors to reuse validated security controls across assessments.
Among other things, we ought to mention how, thanks to HITRUST’s prescriptive, scalable, and highly reliable cybersecurity assurance into ServiceNow, the Assessment XChange can be expected to do away with all the inefficiencies. Here, the core idea is to leverage pre-built yet customizable, vendor lifecycle workflows from onboarding to renewal, along with automations and secure data integrations to make risk management actionable at scale.
Founded in 2007, HITRUST’s rise up the ranks stems from offering certification programs for the application and validation of security, privacy, and AI controls that are informed by over 50 standards and frameworks. With such a comprehensive setup to aid its case, the company is able to deliver the most relevant and reliable solutions, including multiple selectable and traversable assessments and certifications, all coming together to form a mix of more than 100 independent assessment firms, centralized quality reviews, reporting and certification, and a powerful SaaS platform.
“The HITRUST TPRM XChange App addresses a real-world challenge for organizations: how to manage vendor cybersecurity risk efficiently at scale. By integrating HITRUST’s trusted frameworks into ServiceNow workflows, companies can improve their third-party risk processes without adding unnecessary complexity. This is an important step toward more practical, scalable cybersecurity TPRM,” said Sean Jamison, Director of Security and Risk, Contender Solutions – A Presidio Company.