Safe Security announced its new SAFE Materiality Assessment Module, enabling security and risk leaders to achieve SEC compliance by estimating and tracking materiality of cyber incidents.
Safe Security's materiality module is based on the fully tunable Factor Analysis of Information Risk-Materiality Assessment Model, which is built on FAIR, the standard model for quantifying cyber risk and recognized by the National Institute of Standards and Technology.
The SAFE Materiality Assessment Module provides organizations with an end-to-end materiality journey.
Pre-incident, the module helps organizations define 'Materiality thresholds,' identify top cyber risk scenarios, quantify the potential materiality of these risk scenarios using FAIR-MAM framework, and assess the effectiveness of post-incident response controls.
Post-incident, organizations can understand the extent of the loss in real-time, update the cost drivers in the pre-incident model as new information flows in from IT, Ops, and other departments, and compare losses to the materiality thresholds.
Safe Security is committed to helping organizations protect their data and manage their cyber risk.
The Materiality Assessment Module is the latest addition to Safe Security's suite of cyber risk management solutions.
With the launch of the Materiality Assessment Module, organizations can now proactively manage materiality, starting now.
This Cyber News was published on www.helpnetsecurity.com. Publication date: Wed, 13 Dec 2023 14:58:04 +0000