#USA #Richmond #Cyber Risk Assessment #Derive #CISO Replacement

Derive Introduces Next-Gen Cyber Risk Assessment Platform

In a significant move towards reshaping the landscape of cybersecurity, Derive has officially launched a cutting-edge cyber risk assessment platform that aims to replace traditional Chief Information Security Officers (CISOs). This innovative platform leverages data-driven insights and advanced decision-making tools to provide businesses with a comprehensive understanding of their cybersecurity investments.

Empowering Businesses with Data-Driven Insights

Historically, companies have faced challenges in quantifying the return on investment (ROI) in cybersecurity, making it difficult for them to justify expenditures in this critical area. According to Alex Nette, CEO of Derive, “CISOs are a dying breed, and companies are struggling to quantify the ROI of their cybersecurity investments.” To tackle this issue, Derive's platform incorporates Peer Risk Benchmarks, allowing organizations to make informed and expedited cyber risk mitigation decisions.

The platform utilizes the first-ever application of Bayesian methods for modeling cybersecurity loss. By combining artificial intelligence with logical inference frameworks, Derive enhances the analysis of incident data, which has traditionally been limited. This revolutionary approach allows businesses to switch to a fully data-driven cybersecurity strategy seamlessly.

Key Features of Derive's Platform

Derive differentiates itself through several key features that streamline the risk assessment process, enabling businesses to act swiftly in addressing cybersecurity challenges:

• - Strategic Linkage of Investments and Outcomes: The platform connects cybersecurity investments directly to risk mitigation results, ensuring optimal budget allocation.
• - Cost-Benefit Analysis: It quantifies when the advantages of a new cybersecurity tool justify its cost, facilitating informed decisions about tool acquisition.
• - Dynamic Risk Models: With reduced input requirements, the platform enables real-time updates leveraging emerging data, enhancing the accuracy of risk assessments.

Future Enhancements and Industry Impact

Corey Neskey, CTO and Co-Founder of Derive, highlighted the importance of credibility in the cybersecurity space, stating, “Derive delivers the credibility and transparency that cybersecurity professionals need in the boardroom.” Looking ahead, Derive plans to enhance its platform by incorporating new data sources and integrations, further solidifying its position as a leader in cyber risk assessment solutions.

Derive's introduction signifies a broader trend in the industry where data-driven strategies are increasingly prioritized. Companies are now equipped to make smarter and faster decisions concerning their cybersecurity purchases, ultimately transforming their cyber risk into actionable financial insights.

For more information about Derive and its innovative platform, visit www.deriverisk.com. The company, headquartered in Virginia, is on a mission to redefine cybersecurity practices as measurable business advantages globally.

Contact: David Oglethorpe, VP of Communications
Phone: 804-396-4720
Email: mediarelations [at] deriverisk.com