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.

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