Today’s cyber Landscape has created a demand for organizations to deal with a tremendous occurrence of events ranging from advanced threats, new and outdated technologies, regulatory demands, buzzwords and demands from the board. The CIO is tasked with balancing everything from advanced threats to navigating and meeting compliance and or various standards, essentially upkeep is impossible.
“We all live in a hybrid world. Cyber is part of life and knowing how to cross a street is the same as knowing how to behave in the digital world. The digital revolution already occurred and it’s on us as business leaders to rapidly adapt to the new reality,” says Elon Kaplan, Ph.D., CEO and Co-Founder, Cytegic.
The company through their unique offering; Automated Cyber Risk Officer (ACRO) continually assesses an organization’s cyber risks, while advising effective risk reduction planning and equipped an easy to use financial impact wizard. ACRO provides a valuable, simple to operate cloud-based or on-premise automated end-to-end solution, simplifying risk reduction planning while providing value and financial impact with tangible results."ACRO’s scientific approach provides digital-related risk oversight across the entire organization.
" We all live in a hybrid world. Cyber is part of life and knowing how to cross a street is the same as knowing how to behave in the digital world. The digital revolution already occurred and it’s on us as business leaders to rapidly adapt to the new reality, "
"With cutting-edge patented technology Cytegic’s ACRO provides best in industry cyber risk management with unprecedented accuracy, agility and user-friendliness,” adds Kaplan.
ACRO provides firms with recommendations on specific operational defensive actions while helping determine which resources should be allocated to match risk tolerance and business strategy.
Using a big-data analytical system, with patented methodology and algorithms, allows ACRO to calculate thousands of correlations between threat vectors and defence vectors at any given time. The outcome of these calculations gives insight into cyber risk per every business asset and business environment across the organization. Moreover, this gives the user a clear action-items list for minimizing risk and focusing funds only where it matters.
ACRO provides immediate benefit by saving organizations time, resources and overhead, but more importantly they utilize their current resources to lower risk and financial impact to their most valuable assets. On top of this, the solutions allow users to perform at their convenience, compliance and standards reports as compared to a periodic edition."Once deployed ACRO can give alerts every time Cyber risk exceeds the organizations threshold,” asserts Kaplan.
A specific instance to note, a midsized bank was looking at CRM solution and determining on cloud v/s on- premise. This was the typical security v/s business people story. After adopting ACRO, the CISO was able to simulate the risk profile of CRM on cloud v/s on on-premise and in less than a week they were able to work together with the business people to provide a well protected CRM deployed in the cloud, making them one of the first banks to move to the next generation of utilizing a CRM in the cloud.
Cytegic is currently working on a “light” version of the system that will allow for “Rapid Self Assessments” by small and medium organizations that up until now felt left out. This will allow many new users to perform maturity and risk assessment as well as simple compliance assessments quickly and easily, without having to endure long deployment and auditing processes. The company is also creating an AI layer of budget optimization for remediation planning that builds alternative plans according to rules and demands of the customer to optimize bang for the buck for each step and for end result. “I see Cytegic as the trusted partner of any leader – government, enterprise, small firms – to navigate safely and efficiently among cyber risks and focus on the real value creation of his organization,” concludes Kaplan.
CEO & Co-Founder
Cytegic provides Automated Cyber Risk Officer (ACRO) for continually assessing organizations cyber risks, while advising effective risk reduction planning and equipped an easy to use financial impact wizard.