The 2013 GRC Technology Innovator awards was filled with competition. The number of submissions more than doubled over 2012. With 57 submissions there were only twelve slots for winners. GRC 20/20 looked through all of the submissions, asked for clarification where needed, and selected the 12 recipients to receive this honor.
Number 8 is OpenQ’s SafeGuard™ which showed technology innovation for managing risk in social networks.
OpenQ’s SafeGuard™ is addressing the risk of social technologies in regulated industries that have held back from using social technology because of GRC concerns. SafeGuard can be used with any social platform and is currently integrated into more than a dozen platforms. It monitors risk from interactions over social networking platforms for regulated-industries to enforce corporate policy and regulatory compliance. SafeGuard collects and analyzes data, identifying levels of risk and enabling personnel to address any issues with its workflow-driven remediation capabilities. The product analyzes the internal social data streams and external social media to identify, quarantine and enable management of risk. There are similar products on the market that use keyword searches, however, SafeGuard’s social compliance technology uses a policy/signature driven approach, similar to that of antivirus software, which can adapt to industry and company needs. It is the first and only product for policy-driven social compliance in the health, life science, and financial services ecosystems.