RiskWatch and KraaSecurity Launch New Managed Service for Risk Assessments

July 3, 2009

The new Managed Service offered by this partnership dramatically increases the distribution capabilities of the RiskWatch software to clients in all industries for a easy monthly fee. It includes new web-based surveys.

ANNAPOLIS, MD, July 03, 2009 /24-7PressRelease/ -- RiskWatch, Inc. and KRAA Security have teamed up to offer new Managed Risk Assessment Program.

Caroline Hamilton, President of RiskWatch, Inc. announced today that she has reached an agreement with KRAA Security to offer a complete Managed Risk Assessment Program (MRAP) to companies in the U.S. Florida-based KRAA Security was founded by Gary Bahadur and Asim Chauhan. Gary Bahadur was one of the co-founders of Foundstone Inc, which was sold to McAfee for $86 million dollars in 2004.

Many organizations that require regulatory compliance efforts do not have one partner to turn to for their risk assessment needs. The combination of KRAA Security and RiskWatch brings the capabilities to the market for a solution that meets regulatory assessment needs, provides expert technical services in the areas of vulnerability and risk management, and provides an ongoing service to keep up-to-date with all government assessment protocols.

The new Managed Service offered by this partnership dramatically increases the distribution capabilities of the RiskWatch software to clients in all industries and offers each RiskWatch client the opportunity to not only have their risk assessment done for them annually, but to also have consulting services and managed services related to Vulnerability Assessment, Architecture and Strategy, Filtering, Antivirus and Patch Management, all for a simple monthly fee.

RiskWatch recently released a new updated version of RiskWatch for Total HIPAA Compliance. It makes it possible for a HIPAA Business Associate to have a comprehensive risk assessment program put in place for their organization in a very cost-effective manner.

"RiskWatch is the only software that meets the full risk assessment requirements of both HIPAA, the HITECH Act, and the Joint Commission, by including a robust Return On Investment calculation, as well as providing the most current threat data, cost of controls matrix and roadmap to security solutions. Our support option makes it easy for organizations to meet the strict new risk assessment requirements," said Caroline Hamilton.

The program will also be rolled out to banks and credit unions in August, 2009. The software assists organizations to do self-assessments measuring compliance with standards such as the Joint Commission, HIPAA and the HITECH ACT, as well as the FFIEC IT Framework, the Gramm Leach Bliley Act (GLBA), BSA, ISO 27001, PCI and the new Red Flag Rule requirements.

"Our partnership with RiskWatch will enable us to provide the regulatory compliance and risk requirements necessary for our clients. This unique solution, offered as both a Managed Service and as a Product, allows us to secure our clients' organizations, provide ongoing assessments and maintain security over time," emphasized Gary Bahadur, CEO of KRAA Security.

About KRAA Security
KRAA Security addresses the security needs of companies in all industries through a combination of Managed Security Services, security Products and Consulting Services. Our Managed Security Services provides full information technology electronic defense on a 24/7 basis. Management capabilities covers areas such as Intrusion Detection/Prevention systems, Firewall management, Managed VPN Service, Content Filtering, Phishing and Pharming defense and Host Intrusion detection. We provide management, monitoring and problem resolution for a variety of IT security needs through a new integrated security services portal.

About RiskWatch
RiskWatch(TM) is the top-rated provider of innovative security risk assessment and compliance software that automates the risk management process. RiskWatch clients include over 2000 hospitals, health plans, investment banks, business banks, credit unions, state agencies and Federal agencies including the Federal Reserve Bank, the Nuclear Regulatory Commission, the Department of Defense and many more.

For more information, contact:
Jasmine Jones
info@kraasecurity.com
888-KRAA-911
http://www.kraasecurity.com

Cat Paschal
Annapolis, Maryland
(410) 224-4773, x118
cpaschal@riskwatch.com
http://www.riskwatch.com



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