We operate in a world of escalating security threats and increased pressure to treat security as a business problem and not just a technical hazard:
- High profile breaches that started in the vendor supply chain are increasing the focus on third party risk
- General Counsels and Board Members are taking a more active role in understanding a corporation’s security performance
- Cyber Insurance is now a key topic for CIOs, CISOs and Board Members as they assess risk transfer strategies
- Regulatory bodies are turning up the heat on vendor risk practices and security performance measurement
Unfortunately, we are often in the dark when it comes to understanding the impact of our security programs and policies. We lack objective metrics to measure if we are more or less secure today than we were yesterday and how we are performing against our peers. The problem is only worsened when we try to measure the security posture of third parties in our business ecosystem. The tools at hand to measure and mitigate security risk are inadequate. Security assessments are useful, but static, subjective and limited. Audits and tests are costly and intrusive. To truly identify, quantify and mitigate security risk, organizations need a solution that is continuous, automated and provides objective, evidence-based measures of security performance.