According to the SEC’s updated Feb 2018 rules: “Controls and procedures should enable companies to identify cybersecurity risks and incidents, (and) assess and analyze their impact on a company’s business . . .”
CHICAGO (PRWEB) April 17, 2019
Arx Nimbus, the leading provider of financially-literate Cybersecurity risk quantitative analysis via its' Thrivaca™ platform, has now released the Thrivaca Solutions Navigator. The first economic valuation of cybersecurity solutions’ enterprise-value impact is now available in general release as a key component of the Thrivaca™ platform.
With this key technology, customers and their advisors can now pinpoint the expected risk reduction results of implementing specific technology solutions, and the associated financial cost recovery associated with reduction in cyber risk carrying cost.
Utilizing Qualys and Microsoft technology, Arx Nimbus’ Thrivaca platform brings insurers, managed service providers, professional service firms and enterprise the first actuarially-based financial risk valuation platform addressing the entire enterprise. Enterprises benefit by Thrivaca’s patented mathematical algorithm-driven results allowing quantitative-based prioritization of cybersecurity initiatives and investments. By focusing efforts on areas of greatest risk-driven cost to the enterprise, expansion of monetized risk reduction is now attainable.
Developed in consultation with major universities and licensed actuaries, Thrivaca is used in Health Care, Financial Services, Higher Education and the DoD. Arx Nimbus distributes the Thrivaca SaaS platform through systems integrators and resellers including Tech Data. Thrivaca is a CARTA cybersecurity solution used to provide insurance-grade valuation of detailed risk drivers.
Thrivaca operates in accordance to regulator-driven cybersecurity frameworks including NIST 800-53, FFIEC, FERC, HIPAA and others. Many regulators and other sources urge companies to obtain a quantitative-intelligent basis for identifying and addressing cyber risk of the type represented by Thrivaca:
According to the SEC’s updated Feb 2018 rules: “Controls and procedures should enable companies to identify cybersecurity risks and incidents, (and) assess and analyze their impact on a company’s business . . .”
https://www.sec.gov/rules/interp/2018/33-10459.pdf
According to the FFIEC Examiner Handbook, Management should use “risk measurement processes that evaluate the inherent risk of the institution. The risk measurement process should be used to understand the institution’s inherent risk and determine the risk associated with different threats. Management should use its measurement of the risks to guide its recommendations for and use of mitigating controls.”
https://www.ffiec.gov/press/pdf/ffiec_it_handbook_information_security_booklet.pdf
According to Gartner: “Risk is always present. It’s the lack of visibility and intelligent management of risk that can be catastrophic” https://twitter.com/hashtag/whatsonyournetwork?src=hash
According to EU GDPR regulations: “Risk should be evaluated on the basis of an objective assessment”
http://www.privacy-regulation.eu/en/recital-76-GDPR.htm
Arx Nimbus CEO R. David Moon, stated: “We’re excited to bring this first-of-its-kind quantitatively driven technology of Solutions Navigator to our customers and channel partners. Today’s enterprise is struggling to meet regulator mandates for truly objective, financially-literate analysis of cybersecurity risk. Now, insurance-grade risk analysis is available through Thrivaca, to guide prioritization of critical investments and initiatives to target the greatest costs in cybersecurity risk. We’re proud to bring this advanced solution to all those seeking to understand their cybersecurity risks and their impact on the enterprise.”
The Thrivaca ™ cybersecurity risk profile, including Solutions Navigator and a 15-day free trial is available at https://www.arxnimbus.com/ or by contacting Arx Nimbus at info(at)arxnimbus.com.
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 product, Arx Nimbus provides independent insurance-grade analysis of available options in addressing cybersecurity threats, risks, vulnerabilities and capabilities.