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Ensuring Full Risk Coverage for Company Assets with GRC for Jira


In large organizations with numerous and constantly evolving assets, ensuring proper risk identification and assessment coverage can be a challenging task.


As new assets emerge and new types of risks are introduced, companies need a proactive and automated mechanism to identify and assess risks in a timely manner.





The Challenge of Risk Coverage in Large Organizations


Managing risk effectively requires continuous monitoring and assessment of all business-critical assets (called Entities in GRC for Jira). Without a structured approach, companies face the risk of unidentified threats and gaps in compliance, leading to security vulnerabilities or operational inefficiencies.


To address this challenge, GRC for Jira provides an automated mechanism that ensures comprehensive risk coverage for every Entity, reducing manual effort and improving risk visibility.



How GRC for Jira Automates Risk Coverage


GRC for Jira leverages the Entity Type field, which is present on both Risk Statements and Entities.


This mechanism is triggered by two key events:


1️⃣ When a New Entity is Created

  • When a new Entity is created and transitions to the Active status, the system automatically checks for existing Risk Statements that match the Entity Type.

  • If any Active Risk Statements are found, the system automatically generates new Risks, linking them to both the Entity and the respective Risk Statement.

  • These newly created Risks appear in reports as not yet implemented, signaling the need for risk assessment and mitigation.


2️⃣ When a New Risk Statement is Created

  • When a new Risk Statement is created and transitions to Active, the system checks for existing Entities with the same Entity Type.

  • If matching Active Entities exist, the system automatically creates new Risks and links them to the relevant Entities and Risk Statements.

  • This ensures that new risk types introduced to the system are immediately accounted for across relevant assets.



Why You Should Enable This Mechanism Early


To maximize risk visibility and ensure full coverage from the start, we strongly recommend enabling this automation early in the GRC for Jira implementation phase.


Key Benefits of Enabling the Feature Early: 

  • Ensures full risk coverage for all organizational assets 

  • Automates the risk identification process, reducing manual workload

  • Helps maintain an up-to-date risk register as new assets and risks emerge 

  • Improves risk tracking and visibility through real-time reporting


⚠ Important Consideration:

This feature does not create risks retrospectively. It only applies to new Entities and Risk Statements after activation. Enabling it early prevents gaps in risk coverage.



Take Control of Your Risk Management with GRC for Jira


By leveraging this automation, organizations can establish a proactive risk management framework that adapts to business growth, new risks, and evolving compliance needs.






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