More Precise Inherent Risk Scoring Now Available with Configurable Factors in Vanta Advanced Risk Management
This is follow up from the previous post earlier this month. This update is now generally available. See below for plan availability.
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More precise inherent risk scoring by factor
When too many risks receive the same score, it becomes difficult to know what needs attention first. A single Impact Γ Likelihood rating can also make it hard to reflect mature methodologies or communicate the specific business impact of a risk.
Vanta now lets you break Impact and Likelihood into individual factors and score each one separately. You can configure factors for each risk register, such as Threat and Vulnerability for Likelihood, or Financial, Operational, Legal and Regulatory, Reputational, and Strategic impact.
Factor scores can roll up using an average, sum, or maximum calculation, including decimal precision. The full breakdown is visible on the risk detail page, in the auditor view, and in CSV exports. Say hello to more accurate, explainable, and decision-ready view of risk at scale.
π₯ demo!
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Availability: you must be on Vanta's Enterprise or Professional plan, and it must include Advanced Risk Mgmt. Please consult with your account team if you need to confirm plan details, and therefore, availability.
