AI Innovation Meets Assurance: How HITRUST Is Simplifying AI Risk Management
AI has rapidly become a cornerstone of modern innovation, transforming industries and creating opportunities. However, these advancements can give rise to significant risks and challenges that organisations must address to ensure the safe and ethical use of AI. It is essential for organisations to establish a robust risk management program as threats evolve.
The challenge: Navigating AI risks
Organisations face a daunting task when it comes to managing AI risks. The landscape is complex with standards like ISO/IEC 23894:2023 and NIST AI Risk Management Framework (RMF) that are lengthy and difficult to harmonise. These critical standards span thousands of pages and require significant effort to understand and implement. Moreover, AI development outpaces the speed at which standards bodies adapt.
Businesses must select, implement, and maintain appropriate controls for safe AI use. They should assess their effectiveness and continuously update their risk management programs to keep pace with new developments. The stakes are high as failure can lead to regulatory challenges, legal consequences, operational disruptions, and loss of stakeholder trust.
The solution: HITRUST AI Risk Management Assessment
Recognising these challenges, HITRUST has developed the AI Risk Management Assessment, a comprehensive solution designed to help organisations effectively manage AI risks. This first-of-its-kind assessment is tailored to meet the needs of any organisation involved in the development or use of AI.
Key features
- Comprehensive control requirements: The assessment includes 51 practical and prescriptive risk management control requirements harmonised with leading standards such as ISO/IEC 23894:2023 and NIST AI RMF. It provides a unified approach that is comprehensive and easy to understand for AI governance.
- Advanced software platform: The assessment is supported by HITRUST’s MyCSF platform, a powerful SaaS-based assessment tool that simplifies the entire risk management process and enables seamless results sharing.
- Actionable reporting: The assessment generates an AI Risk Management Insights Report. The report provides detailed scoring and observations, helping organisations identify vulnerabilities and prioritise actions. The report offers demonstratable proof of the organisation’s commitment to managing AI risks.
- Flexible application: The HITRUST assessment is adaptable to any organisation’s needs, whether it is just starting an AI journey or is deeply involved in AI development. It can be used as a self-assessment or for independent validation through an external assessor.
- Efficiency and consistency: The HITRUST AI Risk Management Assessment follows a systematic, consistent protocol that directly maps to multiple authoritative standards. This approach ensures reliable assurance and reporting. It is designed to save time and resources, enabling organisations to focus on what matters most — innovation and growth.
techUK - Seizing the AI Opportunity
The UK is a global leader in AI innovation, development and adoption.
The economic growth and productivity gain that AI can unlock is vast, but to fully harness this transformative opportunity, immediate action is required. Our aim is to ensure the UK seizes the opportunities presented by AI technology and continues to be a world leader in AI development.
Get involved: techUK runs a busy calendar of activities including events, reports, and insights to demonstrate some of the most significant AI opportunities for the UK. Our AI Hub is where you will find details of all upcoming activity. We also send a monthly AI newsletter which you can subscribe to here.
Upcoming AI events
Latest news and insights
Subscribe to our AI newsletter
AI and Data Analytics updates
Sign-up to our monthly newsletter to get the latest updates and opportunities from our AI and Data Analytics Programme straight to your inbox.
Contact the team
Usman Ikhlaq
Usman Ikhlaq
Usman joined techUK in January 2024 as Programme Manager for Artificial Intelligence.
He leads techUK’s AI Adoption programme, supporting members of all sizes and sectors in adopting AI at scale. His work involves identifying barriers to adoption, exploring solutions, and helping to unlock AI’s transformative potential, particularly its benefits for people, the economy, society, and the planet. He is also committed to advancing the UK’s AI sector and ensuring the UK remains a global leader in AI by working closely with techUK members, the UK Government, regulators, and devolved and local authorities.
Since joining techUK, Usman has delivered a regular drumbeat of activity to engage members and advance techUK's AI programme. This has included two campaign weeks, the creation of the AI Adoption Hub (now the AI Hub), the AI Leader's Event Series, the Putting AI into Action webinar series and the Industrial AI sprint campaign.
Before joining techUK, Usman worked as a policy, regulatory and government/public affairs professional in the advertising sector. He has also worked in sales, marketing, and FinTech.
Usman holds an MSc from the London School of Economics and Political Science (LSE), a GDL and LLB from BPP Law School, and a BA from Queen Mary University of London.
When he isn’t working, Usman enjoys spending time with his family and friends. He also has a keen interest in running, reading and travelling.
Visit our AI Hub - the home of all our AI content:
Authors
