TRENDING
Executives can get overwhelmed with excruciating details from multiple tools or people .
Continuous Assessment of cybersecurity risk posture lets an organization prioritize the key focus areas across their critical assets and most vulnerable technology , third parties or employees . This ensures that adequate measures towards holistic cybersecurity maturity are adopted throughout the organization . communicating the impact that cyber-risk has on business outcomes , in a language that everyone can understand . This is where Cyber-risk Quantification becomes a game-changer .
There is a need for a solution which integrates with the entire security stack and gives a measurable analysis that supplements decision making . This comprehensive information empowers CISOs and executives to make informed and timely data backed decisions to ensure the cybersecurity of the organization .
Continuous Assessment of cybersecurity is the need of the hour
Objectivity and simplicity should be at the core of a cybersecurity strategy
Cybersecurity posture cannot be represented by lengthy reports anymore . It needs to become objective and help decision makers across the organization truly understand the risk posture and the financial value of risk that the organization faces .
It also needs to be free from IT jargon to enable the boardroom to have a clearer view of the risk posture , thereby facilitating data driven and informed decisions . Executives can get overwhelmed with excruciating details from multiple tools or people .
Compliance and government guidelines mandate the move to go beyond periodic assessments and into continuous monitoring of sensitive and critical information . In such situations , a CISO may often be unable to quantify the maturity of the information security measures deployed in the organization .
They can now rely on all the data that has been collected and converted from these sources into a simple yet comprehensive risk metric that they can use to track and build their trust on .
Benefits of cyber-risk quantification
ABOUT THE AUTHOR
With quantified cybersecurity risk management practices , organizations have :
Saket Modi is the Co-founder and CEO of Safe Security , a Cybersecurity and Digital Business Risk Quantification platform company . A computer science engineer by education , he founded Safe Security in 2012 while in his final year of engineering . Incubated in IIT Bombay and backed by Cisco ’ s former Chairman and CEO John Chambers , Safe Security protects the digital infrastructure of multiple Fortune 500 companies around the world with its cyber-risk measurement and mitigation platform called SAFE . Modi is a part of Fortune Magazine ’ s 40-under-40 , Entrepreneur Magazine ’ s 35-under-35 , Forbes Magazine ’ s 30-under-30 lists , among others .
1 . A unified cybersecurity strategy : Cybersecurity that is presently siloed , will have a single pane of glass view for security leaders to make quicker , data-driven decisions .
2 . An objective metric of communication : The potential financial impact of a cyberattack converts its risks to a direct business threat . It becomes a simple and effective means to communicate risks to all internal and external stakeholders .
3 . Real-time visibility : Dynamic visibility of what is going well and what needs improvement is enabled by a real-time cohesive output – breachlikelihood across people , process , technology and third-parties . p
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