NEW YORK, NY (PRWEB) October 1, 2004 -
http://www.myCROSolutions.com Â myC.R.O. Solutions, creator of the award winning myC.R.O. technology risk modeling solution, is expanding its practice to the East Coast in response to growing demand from financial organizations to better manage their information security spending and improve technology risk management.
Jim Hurley, Aberdeen vice president of risk, security and compliance, stated ÂA quantifiable risk management methodology that is specific to security, but that mirrors proven techniques for managing business risk would go a long way toward delivering the flexibility needed by the CXO leadership team, including the CIO.Â
myC.R.O. is currently being deployed within financial services organizations in order to support the critical needs of both the CFO and CRO. myC.R.O. models technology risk in order to serve as a performance benchmark for process improvement efforts in the areas of information security planning and implementation, and demonstrating compliance.
The quantifiable risk index, output by myC.R.O., measures an organizationÂs level of technology risk on a scale of 0, indicating low risk, to 100, indicating maximum risk.
Because information security planning and compliance are about managing technology risk over long periods of time, myC.R.O. provides organizations with a tangible risk model that enables consistent and objective risk measurement each time it is repeated.
myC.R.O. Solutions financial clients have noted that scanning systems are good for polling networks and searching for holes yet, they really don't quantifiably measure technology risk. With the statistical models output from myC.R.O., information security personnel can now communicate security needs more clearly to corporate business heads.
ÂExecutives and security practitioners share the common challenge of not being able to communicate technology risk and security through a quantifiable means,Â said Art Drake, myC.R.O. Solutions director of business assurance services. ÂUsed in a repeatable manner over time, myC.R.O. arms executives and security practitioners with a common technology risk language that can be incorporated into an organizationÂs security scorecard process, ultimately reducing technology risk and associated IT security costs. The powerful Âwhat ifÂ modeling feature of myC.R.O, allows users to analyze the impact of future risk mitigation options prior to making any security investment or making critical operational changes.Â
Due to the success of numerous myC.R.O. implementations in the Midwest, myC.R.O. Solutions is expanding to the East Coast. With myC.R.O., financial organizations can now quantifiably model technology risk with the goal of ultimately decreasing technology risk and associated spending.
About myC.R.O. Solutions
myC.R.O. Solutions is dedicated to applying process and quality assurance principles to technology risk management, planning and implementation. KoniKaye Jeschke, president and ceo, was recently awarded the Finance-Commerce 2004 Innovator Of The Year award for development of myC.R.O., a breakthrough approach to quantifiably modeling business technology risk.
For more information about myC.R.O. or myC.R.O. Solutions visit: http://www.myCROSolutions.com or call 718-655-1742.
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