Jun 29, 2018   SOURCE: PR NewsWire

LBMC Introduces BALLAST, a Web Application that Automates IT Security Risk Assessment

NASHVILLE, Tenn., June 29, 2018 /PRNewswire/ -- Companies facing compliance requirements for information security risk assessments, such as those in healthcare and finance, now have access to a new cloud-based application that automates the process and provides on-demand reporting.

The application, called BALLAST, was developed by the Information Security practice at LBMC, a premier professional services firm based in Nashville, TN. BALLAST eliminates the need for companies to track and consolidate multiple spreadsheets and provides real-time dashboard reporting so that less time is spent assessing and more time is spent managing risks.

"We're really excited about LBMC Information Security's new BALLAST risk assessment platform," said Preston Duren, head of the Information Security team at RCCH HealthCare Partners. "My team is made up of millennials, and gone are the days of performing risk assessments with spreadsheets. We need the risk assessment process to be simple and efficient, and that's exactly what BALLAST offers."

One of the most powerful features of BALLAST is the real-time dashboard reporting. BALLAST allows users to define reporting areas on your dashboard that can filter based on geographical regions, brands, applications, and vendors.

Another strength of BALLAST is its flexibility. A threat or control question can easily be added to a deployed assessment on the fly, and the assigned user will be notified that they have new threats and controls to review and complete. Assessment status and percent complete are dynamically updated, based on the number of threats and controls added to the assessment.

"We are excited to hear from our customers that BALLAST is indeed fulfilling our vision for the product," said Mark Fulford, Shareholder at LBMC. "Specifically, automating and simplifying tedious compliance tasks and most importantly bringing business value to something that has historically been a check the box exercise. Because the platform is so flexible, customers in a variety of industries are incorporating BALLAST into the enterprise risk management programs for internal and 3(rd) party risk."

KEY TAKEAWAYS

    --  BALLAST is a cloud-based risk assessment tool that streamlines the
        assessment process and provides on-demand compliance reporting for
        management and board reporting
    --  Many of our clients have regulatory mandates to perform security risk
        assessments, so BALLAST is an easy and cost-effective solution to help
        them meet their compliance obligations.
    --  BALLAST eliminates the need for clients to track and consolidate
        multiple spreadsheets, and provides real-time dashboard reporting.
    --  Clients can spend less time assessing and more time managing risks with
        BALLAST.
    --  Transparent and sustainable process that is dynamically updating working
        across the organization, no matter the location.

What is BALLAST?

A new service that grew out of a client need, BALLAST is a feature-rich, cloud-based, web application that simplifies and automates the security risk assessment process for organizations. It makes the process easier and more effective by providing management with data points about their risks and facilitating a roadmap to improve the organization's security while documenting the progress and outcomes.

How can I learn more about BALLAST?

Visit our web site at www.ballastsecure.com.

About LBMC
LBMC is a Top 50 firm in the country and the largest professional service solutions provider based in Tennessee, serving approximately 10,000 clients with diverse needs across a spectrum of industries. Founded in 1984 as a traditional accounting firm, today LBMC has more than 600 employees and we've become industry leaders in financial, human resources, technology, information security, and wealth advisory services. For more information, visit www.lbmc.com.

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SOURCE LBMC