NEW Broadgate Product Launch: “Assurity”

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Since forming Broadgate in 2008 we’ve helped a number of our clients in addressing the challenges posed by the increased internal and external security threat to their organisation and data. Our projects have included deployment of Malware threat platforms, Data Loss Prevention implementation, Cyber Intelligence and Identity and Access Management solutions.

Our experience during this time was that there is a need for a more business focused approach, so we developed our own assessment methodology, which we have now officially launched as a product called ASSURITY. The product addresses three key challenges facing us today;

1) Understanding your business critical assets

2) Calculating your risk exposure

3) Prioritising areas requiring focus and investment

The product is differentiated in the market through not only the comprehensive inputs and modelling, but also by providing quantitative analysis in the form of a Cyber Value at Risk.

 

ASSURITY is a three step process, as outlined below;

Assurity assessment methodology

Step 01

We profile the organisation from many different data points. This is a critical part of the process as it allows for a more meaningful assessment of the actual risk. C’Level executives can use the product to inform their change programme and investment decisions. It is an iterative approach during which the relative weightings for each criteria are reviewed and discussed with the client to understand carefully the business risk appetite.

Step 02

The assessment is conducted by ingesting a number of different sources from documented artefacts, processes, data and technology into the Assurity product. From this we can assess the current maturity level, a quantified risk level, the potential impact to an organisation of a data breach or security event and also the likelihood of it occurring.

Step 03

The results of the assessment are presented in a form which clearly shows the focus areas for investment, change or where in the organisation is protected at the appropriate level. We map the results to the GCHQ 10 Steps for security and translate into language which allows C’Level executives to make informed decisions.

What are the benefits of ASSURITY?

1) Information security assurance – Demonstrating to your clients, suppliers, regulators, shareholders and insurers

2) Optimising security budgets – Avoiding unnecessary investments typically results in a 30% reduction in redundant operational security expenditure, support and maintenance

3) Qualified cyber value at risk – Financial value of corporate assets at risk is defined for input into broader business risk modelling

4) Improved compliance – Security health check defines current information security level

 

In the ASSURITY report, we  focus on four main areas;

 

Cyber At Risk Score

The Cyber At Risk Score takes a number of internal and external feeds to create a value from which organisations can have a more informed discussion regarding the likelihood of a security breach. We use this across the product to help quantify the impacts against the profile of the organisation.

Gap Analysts against Target Maturity

During the profiling stage we determine the appropriate maturity benchmark for the organisation.  This can be based on the internal risk appetite, industry average or other determining factors, and is used to identify shortfalls, strengths and focus attention and investments.

Maturity Assessment Heatmap

Here we plot the scores from 10 assessment areas against the Likelihood and Impact of an event. Importantly, we also assign a quantified value at risk which we have determined through the profiling exercise and the current maturity level. This allows C’Level executives to target and prioritise the investment areas.

Strategic Roadmap

The output from the ASSURITY product also forms the basis for the required change programme. We split the initiatives into Quick Wins which have the most immediate impact or target the most vulnerable areas. We also provide the long term remediation plan and ongoing continuous improvement projects to meet the required target baseline.

 

The ASSURITY product differentiates from other methodologies by being the most complete and accurate assessment that organisations can undertake to really understand their security risk exposure.

If you would like to find out more about the product and to arrange a demo, please contact jo.rose@broadgateconsultants.com or call 0203 326 8000 to speak to one of our security consultants.

 

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Posted on : 30-06-2015 | By : john.vincent | In : Cyber Security, Innovation

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