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Digital risk management

Digital risk management software enables organizations to identify, assess, and mitigate digital risks across their entire attack surface.

Digital risk management solutions help organizations gain visibility into their external attack surface, manage third-party risks, and quantify cyber risk in financial terms. By continuously monitoring digital assets and automating risk management workflows, DRM platforms enable businesses to proactively prevent breaches and maintain regulatory compliance.

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The challenge

Your organization faces a constantly evolving threat landscape, struggling to maintain visibility across a sprawling digital footprint. Shadow IT, third-party vulnerabilities, and regulatory mandates create a perfect storm of risk. Manual processes and siloed security tools leave critical gaps in your defenses, exposing you to potential breaches, financial losses, and reputational damage. Without a comprehensive DRM strategy, you are fighting a losing battle against increasingly sophisticated cyber threats.

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88% of breaches are caused by human error, emphasizing the need for DRM
25-30 hrs weekly time saved by risk managers after implementing AI-powered DRM
$10M record-high average cost of a data breach in the U.S. in 2025

The solution

Digital risk management addresses your unique challenges through modern solutions and key capabilities.

External attack surface management

Continuously discover and monitor all internet-facing assets, including shadow IT and forgotten infrastructure, to identify vulnerabilities before attackers do.

Third-party risk management

Assess and monitor the security posture of your vendors and their downstream partners to prevent supply chain attacks.

Cyber risk quantification

Translate technical vulnerabilities into financial risk to prioritize remediation efforts and communicate risk to business stakeholders.

Continuous control monitoring

Automate the verification of security controls, such as MFA and encryption, to ensure they are active and functioning correctly.

Dark web and brand protection

Proactively scan for leaked credentials, spoofed domains, and social media impersonations to protect your brand and prevent account takeovers.

AI-powered noise reduction

Use machine learning to correlate alerts and prioritize remediation efforts based on your organization's specific business context.

See how digital risk management suppliers stack up

Our Palomarr Insights chart shows the full landscape of digital risk management solutions.

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Capabilities Innovation

How to evaluate digital risk management

1

Integration breadth and depth

Verify that the vendor has native integrations with your existing tech stack to avoid custom coding and ensure seamless data flow.

2

Data accuracy and false positive rates

Conduct a Proof of Value (PoV) to test the signal-to-noise ratio against your actual environment and avoid alert fatigue.

3

Vendor stability and market maturity

Investigate the vendor's financial health, customer retention rates, and R&D investment to ensure they can keep pace with emerging threats.

4

Compliance framework support

Ensure the platform natively supports the frameworks relevant to your industry to automate compliance efforts and reduce audit preparation time.

Questions to ask suppliers

Use these questions during supplier evaluations to ensure you're choosing the right partner for your needs.

Digital risk management RFP guide
  • Can you demonstrate how your platform discovers 'Shadow IT' that is not currently in our CMDB or asset inventory?
  • What percentage of your risk remediation workflows can be fully automated, and how do you handle 'human-in-the-loop' approvals?
  • How does your platform calculate the financial impact of a specific risk, and can we customize the underlying financial model (e.g., Open FAIR)?
  • Can you show us your own SOC 2 Type II report and detail how you manage the risk of your own third-party sub-processors?