Monaco Takes the Lead in Compliance Risk Management: Bridge the Cybersecurity-Business Risk Gap
Revolutionizing Compliance Risk Management with Cyber Defense Graph
In a groundbreaking move, Monaco has introduced a cutting-edge solution that connects control metrics to cyber-related business risk in dollars. The innovative technology, known as Cyber Defense Graph, simulates attack paths and controls to provide a comprehensive view of an organization’s cybersecurity posture.
Bridging the Gap between Security Teams and Business Leaders
The Cyber Defense Graph software is designed to bridge the gap between security teams and business leaders by converting technical security metrics into financial terms that are easily understood by executives. This enables CISOs and their teams to collaborate with business leaders to:
- Set and optimize cybersecurity budgets
- Select alternative risk mitigation investments
- Establish a mutual understanding of risk appetite and tolerance
Advanced Algorithmic Analysis
The software uses advanced algorithms to rank controls’ abilities to detect adversarial tactics and techniques across all attack paths. It then calculates the relative contributions of each control to risk reduction and displays the results using Loss Exceedance Curves.
Addressing Key Challenges in Cyber Risk Quantification
Monaco’s technology addresses two key challenges in cyber risk quantification:
- Inclusive modeling: Threats, controls, and attack paths are included in its modeling, ensuring a credible estimate of risk.
- Control efficacy analysis: The software analyzes the efficacy of all controls on overlapping attack paths to calculate which ones will have the biggest impact on overall risk reduction in dollars.
Prioritizing Control Investments
By using Monaco’s Cyber Defense Graph technology, organizations can prioritize control investments based on their financial impact on risks that matter most to business leaders. This justifies cybersecurity investments and increases credibility with executives who may be skeptical of proposed expenditures.
Enabling Risk-Based Compliance
Monaco’s solution enables organizations to move from compliance-based risk management to risk-based compliance. Instead of simply meeting regulatory requirements, organizations can use risk analysis to drive the security program and make informed decisions about control investments.
Quote from Monaco’s CEO
“We are thrilled to introduce this game-changing technology to the market,” said [Name], CEO of Monaco Risk. “Our Cyber Defense Graph software empowers organizations to manage cyber risk like other strategic business risks, enabling them to allocate resources more effectively and reduce the likelihood of cyber breaches.”
Unified Approach to Decision-Making
With Monaco’s solution, security teams can finally speak the same language as business leaders, providing a unified approach to decision-making that prioritizes risk-based compliance over mere compliance with regulatory requirements.