International Business Machines (IBM), a globally advanced technology company that offers hardware, software, and cloud-based services. IBMers believe that the application of intelligence, reason, and science can improve business operations, society, and the human well being.
Recently IBM Security announced a new risk-based service that helps organizations to enhance business decisions and cybersecurity using risk analytics. IBM’s new Risk analysis Services create risk assessments that help clients identify, prioritize, and quantify security risk when they come across new technologies while handling business operations.
The new IBM service provides CISOs(Chief Information Security Officers )with financial data support to help them communicate to the C-suite and point out the potential business impact of security vulnerabilities and liabilities on their business, in order to make efficient business decisions regarding cybersecurity.
IBM’s Risk Quantification Services can reduce risk by calculating the probability of a security event occurring, and data loss expected, operational disruptions, and business context. Organizations can also benefit from IBM’s risk that is based on an analysis of value and impact by comparing their costs and expected risk reduction.
IBM Security’s Risk Quantification Services include:
Find threats:
Instead of using a common language to find security risks, security executives can use business leaders, C-Suite, and the Board on the actions to help mitigate security threats of their organization.
Enhances Decision-Making :
Security leaders can make good decisions regarding the impact of risks.
Risk Management :
Bringing efficient security analytics to the C-Suite, CXOs can understand security risks in terms of the security incident occurring, potential reputational damage, and business disruption.
IBM Security is using the FAIR methodology, an open international standard for cyber risk modeling, and is collaborating with RiskLens was a cyber risk management platform can assess the financial terms security risks. IBM security in a business context, Companys are gradually moving to cloud services due to heavy workloads. So IBM security offers a cost-benefit impact analysis and mitigates security risks before they turn into active threats.
IBM security offers Zero Trust Remote Work Model, assessing security risks, integrating them, and calculating the business impact can help organizations to enforce their zero trust model and strengthen their cybersecurity as work models in a growing business landscape.
Therefore, IBM’s new Risk analytics tools help security leaders to articulate risks and potential exposure in terms of financial loss and empowers them to measure the actual efficiency of existing security protocols, based on their business environment, assets, security architecture and can eradicate potential threats to their organization.
