#USA #San Jose #Safe Security #Booz Allen Hamilton #IRMaaS

A New Era of Cyber Risk Management

In today's fast-paced digital world, organizations consistently face dynamic cyber threats that can jeopardize their operations and reputations. To combat these challenges effectively, Safe Security has partnered with Booz Allen Hamilton, launching a next-generation Integrated Risk Management-as-a-Service (IRMaaS) suite. This innovative offering aims to empower organizations in managing and monitoring their cyber risks more effectively than ever.

The Power Behind IRMaaS

The collaboration between Safe Security and Booz Allen Hamilton integrates two leading forces in cybersecurity. Safe Security is renowned for its cutting-edge cybersecurity risk quantification and management (CRQM) software, especially the AI-powered platform known as SAFE One. This platform employs the well-established FAIR™ (Factor Analysis of Information Risk) framework, enabling organizations to assess and visualize their cyber risks in financial terms. Booz Allen Hamilton, listed on NYSE as BAH, brings its extensive expertise in cybersecurity strategy, risk management, and digital transformation to the table.

Together, these two entities aim to redefine how companies tackle the complexities of cyber threats. The IRMaaS offering leverages data-driven insights and cutting-edge technology, equipping organizations with tools necessary to navigate today's challenging cybersecurity landscape.

Key Benefits of IRMaaS

The benefits that clients can glean from the IRMaaS initiative are significant. Here’s a glimpse into what organizations can expect:

• - Continuous Cyber Risk Assessments: Organizations can comprehend the major cyber risks and their underlying vulnerabilities through ongoing evaluations. This includes analysis of artificial intelligence vulnerabilities, third-party risks, and more.

• - Cyber Program Strategy Design: Companies will receive personalized strategies on how best to allocate their cybersecurity budgets, emphasizing where to invest based on quantitative metrics.

• - Regulatory Compliance Support: The offering provides insights and frameworks that assist corporate boards in adhering to various regulatory standards, including NYDFS, NIS-2, OSFI, and PCI.

• - End-to-End Program Management: Clients benefit from comprehensive support throughout the lifecycle of their risk management programs, ensuring robust operational capabilities.

• - Third Party Risk Management (TPRM): Recognizing that suppliers can present unique risks, the service includes advisory and management solutions to mitigate these threats.

The pilot programs undertaken have already showcased tangible benefits, revealing substantial cost savings through automation, optimized cyber defense, and advanced risk management strategies.

A Commitment to Proactive Risk Management

This partnership not only underscores the technological advances offered by the IRMaaS but also highlights a shared commitment between Safe Security and Booz Allen Hamilton to empower organizations with effective and innovative tools. By setting a new benchmark for risk management, they aim to uplift organizations facing increasingly sophisticated cyber threats.

Leadership Insights

Saket Modi, CEO of Safe Security, expressed enthusiasm about the collaboration, noting, “Working with Booz Allen allows us to merge our technological innovations with their business-enabling cybersecurity strategies.”

Michael Vallone, Global Director of Cyber Risk Solutions at Booz Allen, echoed this sentiment, emphasizing the paramount importance of strengthening risk management programs to bolster operational resilience against emergent threats.

Conclusion

As the landscape of cybersecurity continues to shift and evolve, the introduction of Safe Security and Booz Allen Hamilton’s IRMaaS offering marks a pivotal moment in risk management approaches. By prioritizing data-driven insights and delivering tailored strategies, this partnership sets the stage for organizations to navigate cyber risks with more accuracy and confidence than ever before.

For more information about this groundbreaking offering, visit Safe Security and follow their journey on social media.