ARLINGTON, Va.--(BUSINESS WIRE)--Secure Systems Innovation Corporation (SSIC), a cyber risk advisory firm that empowers informed business decision making, has earned a patent for X-Analytics™, its proprietary method for measuring and modeling cyber risk.
X-Analytics renders a complete, objective picture of enterprise cyber risk. The model allows organizations to predict the likelihood of a data breach or service interruption, as well as associated financial damages. This provides enterprises with accurate risk intelligence—including objective risk-reduction prioritization and quantifiable risk-remediation guidance—presented in business-friendly terms. Ultimately, enterprises use X-Analytics to enhance their organizational security posture while demonstrating cybersecurity ROI.
X-Analytics Translates Complicated Security Data into Board-Friendly Business Intelligence
“The era whereby boards of directors are responsible for cybersecurity oversight has arrived,” said John Frazzini, chief executive officer, SSIC. “This requires cyber risk and security executives to align their budgets, processes and reporting to business goals and most importantly, effectively communicate an organization’s overall cyber risk condition in terms that business executives and boards of directors understand.”
Specifically, the X-Analytics Cyber Risk Intelligence Service enables organizations to:
- Promote the value and effectiveness of their security program to executives and the board -- in simple business and economic terms.
- Communicate their cyber risk posture via executive- and board-ready reports.
- Analyze the ROI on their cybersecurity budget spend.
- Predict how likely they are to experience a data breach or service interruption, and how it would impact them financially.
- Identify and prioritize cyber risk-remediation efforts.
“Technical and compliance-based reporting are no longer enough to meet the cybersecurity requirements of businesses today,” added Wade Baker, founder of the Cyentia Institute, acclaimed risk researcher and creator of the Verizon Data Breach Investigations Report. “Translating the complexity of cybersecurity threats, incidents and operational impact into business intelligence is what’s driving the growth of the burgeoning cyber risk quantification marketplace.”
Available as an annual subscription, the X-Analytics Cyber Risk Intelligence service is ideal for commercial and government organizations seeking to quantify cyber risk in economic terms.
“Based on objective data science, X-Analytics automates more than 30,000 distinct calculations related to an organization’s cyber risk condition,” said Robert Vescio, managing director at SSIC and inventor of X-Analytics. “With X-Analytics, customers can rely on a data-driven approach to better understand, report and reduce cyber risk.”
Based in the Washington, D.C. area, Secure Systems Innovation Corporation (SSIC) is a cyber risk advisory firm that empowers informed business decision making. Its innovative, patented method for measuring and modeling cyber risk, X-Analytics™, enables customers to quantify their cyber risk posture in simple economic terms. SSIC is at the forefront of helping customers transform complicated security data into powerful business intelligence. Visit www.securesystemscorp.com for more information.
About the Cyentia Institute
The Cyentia Institute is a research services firm that exists to advance cybersecurity knowledge and practice through data-driven research. It curates and publishes research for the community, partners with other organizations to create compelling publications and helps enterprises turn complex security data into confident strategic decisions. Learn more at: https://www.cyentia.com.