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MetricStream IT and Cyber Risk Management

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  1. Information technology and software
  2. Media and communications
  3. Banking and insurance

What is MetricStream IT and Cyber Risk Management

MetricStream IT and Cyber Risk Management is a governance, risk, and compliance (GRC) application used to identify, assess, treat, and monitor IT and cybersecurity risks across an organization. It supports use cases such as cyber risk assessments, control testing, issue and remediation tracking, and risk reporting for security, IT, and risk teams. The product typically operates as part of the broader MetricStream platform, emphasizing configurable workflows, a centralized risk/control repository, and reporting for executive and audit stakeholders.

pros

Broad IT risk workflows

Supports end-to-end processes including risk identification, assessments, control mapping, issue management, and remediation tracking. This breadth fits organizations that want a single system of record for IT and cyber risk rather than separate tools for assessments and tracking. It also aligns with common GRC operating models where risk, compliance, and audit teams share artifacts and evidence.

Configurable controls and taxonomy

Provides configurable risk taxonomies, control libraries, and assessment templates to standardize how teams evaluate and document risk. This helps organizations maintain consistent scoring, control ownership, and reporting across business units. It is useful when multiple frameworks and internal policies must map to the same underlying control set.

Enterprise reporting and dashboards

Includes dashboards and reporting designed for different stakeholders such as security leadership, risk committees, and auditors. Centralized reporting can reduce manual consolidation from spreadsheets and point tools. The platform approach supports cross-domain reporting when IT/cyber risk needs to roll up into broader operational or enterprise risk views.

cons

Implementation can be complex

Deployments often require significant configuration of workflows, data models, and integrations to match an organization’s risk methodology. This can increase time-to-value compared with lighter-weight assessment or compliance tools. Organizations may need dedicated administrators or partner support to maintain the configuration over time.

Licensing and total cost

Enterprise GRC platforms commonly involve higher subscription and services costs than smaller, single-purpose tools. Budgeting may need to account for implementation services, ongoing administration, and integration work. This can be a constraint for smaller teams or programs focused on a narrow set of cyber risk use cases.

Integration effort varies

Connecting to security tooling (e.g., vulnerability management, IAM, ticketing, CMDB) typically requires integration planning and data normalization. The quality of risk reporting depends on consistent asset, control, and issue data from upstream systems. Without strong integration and data governance, teams may still rely on manual evidence collection and updates.

Plan & Pricing

Plan Price Key features & notes
Prime Not published — contact sales Pre-configured SaaS package (CyberGRC Prime) covering Risk Management, Compliance Management, Policy Management, and Third-Party Risk Management. MetricStream markets Prime as a fixed-price, rapid-deployment package but does not publish dollar amounts on the official site.
Premium Not published — contact sales Mid/upper tier preconfigured package (listed alongside Prime and Enterprise in MetricStream product packaging); pricing not published—contact sales.
Enterprise Custom pricing — contact sales Enterprise/fully configurable deployment; pricing requires engagement with MetricStream (RFP/contact sales).

Seller details

MetricStream, Inc.
San Jose, California, USA
1999
Private
https://www.metricstream.com/
https://x.com/metricstream
https://www.linkedin.com/company/metricstream/

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