INTEGRATED CYBER RISK MANAGEMENT PLATFORM
GRID Active Risk Assessment and Governance Package aligns your institution’s risk and governance to prove and evidence the effectiveness of control in your risk assessment and support your residual risk scores, as well as evidence controls in frameworks and self-assessments.
As a financial institution, you have a lot to account for when it comes to risk and compliance, including regulatory requirements, industry control frameworks, internal policies and processes, and examiner expectations. Cyber security risk assessment and compliance can be daunting, and are often manual tasks that are time consuming and strain limited resources.
With DefenseStorm’s GRID Active Risk Assessment and Governance Package, your institution takes an automated approach to risk assessments and evidence collection, capturing a complete picture of your cyber and informational security risks and controls, and adhering to internal policies and industry control frameworks, taking your systems from reactive to proactive and allowing you to better manage your cyber risk.
Filter risk assessments based on your organization’s unique needs to create smaller risk assessments, such as an eBanking risk assessment, or one large information security risk assessment encompassing all risks in the register. You have the flexibility to use an aggregate risk score based on the population of risks with a quantitative scoring model or select your own aggregate risk scores. Better tracking of your cyber security risk assessments enables a clear picture of how your risk profile has evolved over time.
You have full control to schedule governance and monitoring activities to align with your cyber security compliance program cadences. You have access and can leverage your data through GRID Active to conduct monitoring and governance actions and memorialize reviews – all to better demonstrate adherence to your cybersecurity compliance and risk program.
You can leverage pre-mapped Task Schedule templates to schedule program activities to save time and remain within framework guidelines since activities map automatically and directly into framework and self-assessment directives as evidence. You have full access to your log data to complete governance and monitoring activities through GRID Active, our integrated data platform to improve your cyber security compliance.
GRID Active Reporting enables financial institutions to exercise informed decision-making through consistent metrics and ensure confidence in the execution of strategic risks.
Through strong reporting, FIs can customize their cyber security risk assessments based on audience and timing to better demonstrate the overall risk objectives are being met.
How do you measure up? Take this quick self-evaluation to determine your risk-related priorities.
NIST’s Cybersecurity Framework (CSF) is designed to help institutions of all sizes and sophistication levels manage and reduce their unique cybersecurity risks. With the release of CSF 2.0, the guidance provided by NIST has expanded the practice and controls that institutions can use to best understand, assess, prioritize, and communicate its cybersecurity efforts.
A proposed rule from the Federal Deposit Insurance Corporation (FDIC) will establish new regulatory standards and increase the focus of cybersecurity risk management and governance while bringing an expectation of faster response times and real-time remediation of deficiencies.