New DeRISK Executive Report automatically maps cyber risk metrics to SEC requirements for annual reporting of cyber risk management and governance
The Executive Report and the cyber risk analyses detail an estimation of Annual Expected Losses and Value at Risk for compliance with SEC reporting. Utilizing ROI-based cybersecurity risk mitigation programs and both external (threats, firmographics) and internal data (network topology, devices, vulnerabilities, cybersecurity controls) with DeNexus’ proprietary models, the calculations include potential expected losses and their probabilities. The Annual Loss curve provided by DeRisk aids in understanding the likelihood and financial impact of cyber threats, guiding effective risk management decisions, whether through mitigation, acceptance, or third-party transfer.
“In today’s landscape, effective cyber risk management is no longer just a suggestion but a necessity,” said
In addition to reporting cybersecurity incidents promptly, Article 106 of the new SEC cybersecurity regulation mandate
The new SEC report from DeRISK addresses the comprehensive oversight of cybersecurity risks by committees, focusing on prevention (control maturity), detection (telemetry, vulnerability identification), and mitigation/remediation (risk management projects simulator). Periodic sharing of these risk insights by management ensures the necessary support from relevant committees.
To learn more about DeNexus SEC executive report, download our SEC brief here.
About DeNexus:Â
DeNexus is the leading provider of cyber risk modeling for industrial networks, global (re)insurers and insurance linked securities (ILS) investors. Our mission is to build the global standard for industrial cyber risk quantification for agencies, shareholders, investors, boards, and the risk transfer market. Our flagship platform, DeRISK, is the world’s first evidence-based, data-driven, self-adaptive, cloud-based technology powered by AI, ML and Probabilistic Inference that helps asset owners gain visibility into their true cyber risk exposure, probability of loss and financial impact of a cyber event that guides risk stakeholders towards the best risk mitigation paths for their organization.
ICR/Lumina Communications for DeNexus
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SOURCE DeNexus