Cyber Risk Analytics is a key element of cybersecurity. It helps organizations identify and assess risks in projects and determine the impact of these risks on the enterprise. It can also be used to identify gaps in information security and determine the next steps necessary to eliminate those risks. It can also help organizations improve communication and decision-making processes, implement security policies and develop cost-effective methods for securing data.
NIST is working with stakeholders to enable predictive risk analytics
NIST is working with stakeholders across government, industry, and academia to develop methods for enabling predictive cyber risk analytics. These methods will help organizations better understand and manage cybersecurity risks by using predictive analytics to identify emerging trends. They will also help risk owners share information and identify risk mitigation strategies.
This framework is based on the experience of information security professionals around the world. Its controls are comprehensive and help cover blind spots in cybersecurity. It is flexible enough to be used by any industry, but has been created with critical infrastructure in mind. It is results-oriented rather than compliance-driven, enabling stakeholders to use predictive cyber risk analytics to make better business decisions.
To enable predictive cyber risk analytics, organizations need to understand the context of their organizations and how they relate to other organizations. They need to create incident response plans that comply with reporting requirements, and ensure secure transmission of information. They should also include a mitigation plan that addresses the risks that are unique to their organization or program. Fortunately, NIST has identified several risk categories that can help organizations create a plan for each.
By identifying the criticality of different assets in a supply chain, the framework will allow organizations to identify cybersecurity risks and prioritize responses. It can also be used to improve the management of the supply chain.
MITRE ATT&CK framework
For a more detailed understanding of the risk management process, an organization can refer to the MITRE ATT&CK framework for cyber risks. This framework helps organizations analyze the risk associated with the deployment of security policies, as well as the effectiveness of security solutions. The framework is also useful for penetration testing, which involves simulated behavior by a red team to find weaknesses. The framework provides useful guidance to pen testers, as well as cybersecurity vendors. It provides objective insights into the capabilities of commercial security products and strengthens the cybersecurity community as a whole.
This framework was developed by MITRE, a non-profit security research organization. It provides detailed information on different types of cyberthreats, including the tools used by attackers. The framework also helps organizations narrow their scope and identify the attacker behind the attack. For organizations that have an ICS, using the MITRE ATT&CK framework can help them protect their networks.
This framework can also help security teams to share threat intelligence. It has multiple partner companies and a panel of security experts. The framework suggests a number of tools that allow users to simulate cyber-attacks and exchange intelligence. It also suggests the use of CALDERA Python scripts to simulate attacks. This tool helps SOC teams assess attack techniques and assess the effectiveness of security measures.
Imperva offers a comprehensive suite of security and risk analytics tools. Its software protects your data from attacks that exploit vulnerabilities in your applications and infrastructure, and enables you to detect and prevent data breaches. Its technology protects your data at rest, in motion, and even on mainframes. Its unique approach to cybersecurity helps you protect sensitive data, reduce data breach risks, and secure hybrid clouds.
Imperva Analytics detects risky and non-compliant data access behavior so you can take action before your data is compromised. A common cause of security incidents is human error. Employees may accidentally access or delete data without the knowledge of security teams, or may use compromised accounts for personal or professional purposes. With Imperva’s help, you can eliminate this risk by identifying employees who are most likely to create or access sensitive information.
Imperva has integrated data risk analytics capabilities that detect and correlate thousands of security events and turn them into narratives that will allow you to take action. This unique capability allows IT organizations to respond more quickly and effectively to real security threats. Using machine learning and deep domain security expertise, this software will automatically identify suspicious user and computer system behavior, as well as detect active attacks and exploits.
Cyence has announced the launch of a product that can help companies mitigate the risks of cyberattacks. This product, called Cyence Risk Analytics, will help firms better understand and model the risks posed by cyberattacks. The product’s advanced analytical tools help users visualize and measure risks, as well as identify specific risk drivers within portfolios.
Cyence’s cyber risk analytics solution will help companies make smarter decisions about cyber insurance portfolio management and underwriting. The company’s software combines advanced modelling capabilities with the expertise of a team of experts. It will help insurers tailor cyber protection to the unique needs of their customers. Cyence will be able to help companies better assess cyber risks, which is vital in identifying the best cyber insurance products and reducing their costs.
Cyence’s software solutions help organizations model cyber risks by using human behavioral indicators and organizational processes. The company’s platform covers the entire lifecycle of risk, from selection to accumulation and ultimately to catastrophic scenarios.
With BitSight Technologies cyber risk analytics, you can keep an eye on your entire digital ecosystem with one central dashboard. This solution gives you real-time visibility of your digital assets and their risk, including malware, botnets, and hacks. It also helps you build an effective security program by prioritizing high-risk endpoints. Understanding the impact of cyber risk is essential for maintaining your cybersecurity posture. BitSight’s cyber risk analytics solution includes three key elements:
BitSight’s cyber risk analytics software simulates the impact of cyber scenarios and analyzes the business consequences of each scenario. It differentiates between targeted and systemic attacks and generates built-in reports for board members and management. Its multidimensional analysis helps you prioritize technology investments and leverage limited IT budgets. In addition, BitSight allows you to quantify risk over time and across business units. It even allows you to evaluate the financial impact of cyber exposure across your subsidiaries.
BitSight’s security risk analytics software empowers security teams to make more informed decisions faster. With its streamlined interface, security professionals can easily communicate their findings and plan for the right action. The BitSight platform also provides insight into security programs, which helps organizations make better strategic decisions.
Cyber Risk is a rapidly-growing concern for business leaders, and Marsh McLennan has taken steps to address the issue with a new cyber analytics center. The center will include experts from different parts of the business, and will conduct research with global partners. Marsh McLennan Managing Director Scott Stransky will lead the center.
Cyber risk analytics provide insight into cyber threats and help companies reduce those risks. By providing these insights, Marsh’s Cyber Risk Analytics Center helps clients make more informed decisions about how to invest their cyber risk capital. This helps companies increase their return on investment and reduce their cyber exposure. Marsh’s Cyber Risk Analytics Center will focus on the long-term strategy of cyber risk management, providing tailored guidance to clients.
The Cyber Risk Analytics Center at Marsh McLennan will leverage BitSight’s Security Ratings to create a more comprehensive assessment of the cyber risk exposures faced by organizations. The center will also help clients develop mitigation techniques to minimize those risks.
Guy Carpenter has expanded its cyber risk analytics capabilities with the appointment of two key new leaders. Rebecca Ruddy has joined the firm as a Senior Vice President and Jess Fung has been named Managing Director. Both will lead Guy Carpenter’s cyber team in North America. Previously, Fung and Ruddy worked at Willis Re as Executive Vice President and Head of Analytics.
The two new leaders will report to Guy Carpenter’s James Boyce, CEO of Global Specialties and Will Garland, President of the company’s Centers of Excellence in North America. Mr. Cordonnier has extensive experience in the cyber reinsurance industry, most recently as the Director of Swiss Re’s Reinsurance Cyber Center where he built a global portfolio and oversaw global underwriting activities. He also serves on the International Underwriting Association’s Cyber Reinsurance Committee.
Guy Carpenter is a leading global risk adviser and integrated solutions provider for the (re)insurance industry. It combines industry-leading analytics with broking expertise to offer clients risk-based solutions. Its global footprint provides clients with access to world-class analytical and technical capabilities that address a wide range of business challenges.