First-of-its-kind financial cybersecurity risk profile gives organizations complete, reliable financial and regulatory visibility to their cybersecurity status.
PeriCertum, a cybersecurity consultant and solution provider, has formed a strategic partnership with Arx Nimbus to offer organizations the first commercially available cybersecurity risk analysis platform, providing them with a financially based valuation of risk sources and impacts.
“Cybersecurity risk is expanding at an accelerated rate, and recent estimates predict that the financial impact of cybersecurity risk will double to $6 trillion by 2021,” says PeriCertum Chief Executive Officer Jeff Sanford. “But historical attempts at quantifying cyber risk have fallen short of providing a complete and reliable picture. With this new partnership, we’re able to determine where our clients are most vulnerable, which of these vulnerabilities are most likely to be exploited, and how to optimize their limited budget to have the most impact on reducing their cyber risk.”
Based on established regulatory requirements, including NIST-800-53, FERC, FFIEC and related standardized frameworks, Arx Nimbus’ Thrivaca™ Risk Profile Platform takes organizations’ cybersecurity risk reduction efforts past the limitations of professional opinion and expert judgment. By combining a regulator-mandated architectural foundation with 21st-century risk mathematics models developed in collaboration with economists and actuaries, it produces a financially literate risk profile that spans the entire enterprise. Organizations can use Thrivaca risk analytics to advance their regulatory compliance, improve their litigation preparedness, determine proper insurance and cybersecurity budget levels, and apply their cybersecurity resources to the areas of greatest cyber risk.
“Using the Thrivaca Risk Profile Platform, PeriCertum’s clients can identify the complete landscape of sources of cyber risk,” says R. David Moon, Arx Nimbus Chief Executive Officer. “They can then work with PeriCertum’s experts to implement the proper solutions to mitigate these critical risks.”
With the proliferation of Internet users worldwide, increasing enterprise dependence on digital technology, the radical expansion of the Internet of Things (IoT), mobile technology and connected vehicles, cyber risk exposure is permeating virtually all segments of society and commerce.
“The risks keep growing, but no organization has an unlimited cyber budget,” says Sanford. “And that means the investment in cybersecurity has to be targeted to those areas where you’re most vulnerable. By taking the guesswork out of the financial aspects, the Thrivaca Risk Profile gives us yet another powerful tool for helping clients make smart decisions to protect the enterprise.”
The new offering enhances PeriCertum’s Risk Identification and Quantification solution, a foundational component of its complete suite of cybersecurity services, which also includes prioritization and budget, prediction and prevention, risk mitigation, deep assessment, third-party risk scoring, and secure cyber operations.
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PeriCertum is a cybersecurity consulting firm that helps clients identify, quantify and mitigate their cyber risk. By bringing together carefully vetted solutions and tools, along with a strategic framework of National Institute of Standards and Technology (NIST)-compliant processes, technology, training and monitoring services, PeriCertum provides clients with a ring of protection safeguarding their people, information, finances and reputation. With deep expertise in cybersecurity, technology implementation and innovation, and project management, PeriCertum’s leadership team works closely with clients to maximize their cybersecurity budget while targeting their unique vulnerabilities to ensure they get the greatest value from their cyber strategy. Learn more at www.pericertum.com.
About Arx Nimbus
Arx Nimbus is a SaaS Software company that provides quantified analysis of cybersecurity defense, governance, compliance and risk reduction for organizations in every industry. Our mission and passion are to bring knowledge of cybersecurity risk to every enterprise worldwide. We combine deep experience in defense, logistics, financial services, and technology sectors with exceptional academic credentials, equipped with comprehensive standards-based quantitative methodologies. Through its’ Thrivaca and RECON Risk products, Arx Nimbus provides independent insurance-grade analysis of available options in addressing cybersecurity threats, risks, vulnerabilities, and capabilities. To find out more, visit www.arxnimbus.com or follow us on Twitter, LinkedIn, and YouTube.