IBM Security has released a new risk-based service, which will help companies leverage the same analytics typically used for business decisions for their cybersecurity spending priorities.
The Risk Quantification Services create risk assessments to help clients identify, prioritise and quantify security risks as they weigh decisions such as implementing new technologies, making investments or changing processes.
Core to the new product is giving chief information security officers with quantitative data to better understand cybersecurity challenges and reflect that within business imperatives.
IBM Security vice president Julian Meyrick said, “Security leaders have often struggled to communicate the value of a security investment to business leaders.
“Our Risk Quantification Services not only enables security leaders to articulate risks and potential exposure in terms of financial loss, it empowers them to measure the actual efficacy of existing security protocols, based on our analysis of their business environment, assets, security architecture and the potential threats to their organization.”
Earlier in the year, IBM recently formed a deal with RegTech platform Ascent. The deal sees IBM integrate Ascent’s regulatory knowledge platform with its IBM OpenPages with Watson solution. Clients can feed their regulatory obligations and rule into IBM OpenPages with Watson in order to better manage downstream compliance activities.
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