The IRIDX product
IRIDX turns assessments, certifications, questionnaires and other assurance evidence into comparable, explainable measures of residual information risk and business-specific financial exposure, helping organizations make more consistent third-party decisions and govern exposure across the enterprise.
What is IRIDX
IRIDX ingests assessments, certifications, questionnaires and other assurance signals, then Evidence Intelligence normalizes and evaluates them to determine demonstrated control support, evidence reliability, and gaps.
Get a score of information risk, evidence-confidence insights, and estimates of business-specific financial exposure from a vendor relationship.
Use measures to compare third parties, prioritize evidence requests and remediation, evaluate risk against tolerance, benchmark portfolios, govern exceptions and concentrations, and inform decisions to reduce, accept, retain, or transfer exposure.
How IRIDX works
IRIDX works within existing assurance programs and processes. It ingests and normalizes commonly used assessments, certifications, questionnaires and other signals; evaluates control support and assurance reliability; and produces comparable measures that connect third-party review with financial and governance decisions.
Centrally manage your portfolio of vendors and suppliers and assurance workflow and activities.
The IRIDX Score expresses information risk on a fixed 300–850 scale, while evidence confidence explains the strength, gaps and uncertainty behind the result.
Compare vendors, portfolios, and thresholds on a common basis and add relevant peer context to risk, coverage, evidence confidence, exceptions and trends.
IRFE combines risk and assurance-confidence signals with the service, contract and business context to estimate a scenario-based range of modeled gross financial exposure.
Place measured risk against approved tolerance, track coverage and ownership, and identify material exceptions and concentrations with dashboards and reporting that supports management action and board oversight.
Use the IRIDX score and IRFE to inform decisions about how much exposure to reduce, accept, retain, or transfer directly from within IRIDX.
Evidence → Analysis → Measurement → Action
Assessments, certifications, questionnaires and other assurance signals
Normalize, weight and explain
Comparable measures with distinct purposes
Use measures to guide the next decision
See how IRIDX can turn your existing evidence into precise action.
Request a DemoIRIDX benefits
Use the assurance evidence that's available, reduce repeated interpretation and focus expert attention on the control weaknesses, evidence gaps and uncertainties that can change a decision.
Leverage comparable risk measures with business-specific financial context to support targeted improvement, explicit risk acceptance and informed decisions about how much exposure to retain or transfer.
Track review coverage, risk against tolerance, exceptions, trends, shared dependencies and concentrations, giving management and the board a consistent basis for oversight and action.
“IRIDX provides a standardized view of vendor information risk. The IRFE methodology evaluates the financial consequences of vendor breaches to support an organization's risk management strategies. After a thorough review of these methodologies and the underlying data, HDR fully endorses the approach and the quantified view of third-party information risk they provide.”
Your questions
IRIDX is an information risk ratings solution that gives organizations a consistent way to understand and compare the risk associated with vendors and other third parties. It helps leaders see which relationships need attention, how confident they can be in the available assurance information, and where risk management action may be required.
IRIDX helps organizations compare third-party risk against their approved tolerance, identify important exceptions and concentrations, track changes across their vendor portfolios, and help leaders decide which risks to reduce, accept, retain, or transfer.
The IRIDX Score is a standardized 300–850 measure of the information risk after considering a third party’s controls and the reliability of the evidence supporting them.
IRIDX Evidence Intelligence reviews assessments, certifications, questionnaires, and other available evidence to determine what each source actually shows and how much confidence it deserves. It brings different evidence together consistently while highlighting gaps, outdated information, and duplication that could affect a risk decision.
IRFE translates the risk associated with a specific third-party relationship into estimates of potential financial exposure. It combines the IRIDX risk assessment with information about the vendor’s services, contract, business importance, and possible impact, with estimates shown before insurance or other financial protections are applied.
See how IRIDX can help your organization understand third-party information risk, determine financial exposure, and make decisions with a consistent measurement foundation.
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