DeNexus simplifies SEC cybersecurity rules with Executive Cyber Risk Report

TLDR:

DeNexus has launched an Executive Cyber Risk Report to help users comply with SEC regulations on cyber risk management and governance. The report provides insights on Annual Expected Losses and Value at Risk, assisting in effective risk management decisions. The new SEC regulation emphasizes the need for detailed risk assessment and management, extending to both public and private companies. DeNexus’ report addresses comprehensive oversight of cybersecurity risks by committees, focusing on prevention, detection, and mitigation. Overall, the report aids organizations in navigating the complexities of OT Cyber Risk Quantification and Management.

Article Summary:

DeNexus, a leader in cyber risk quantification, has introduced an Executive Cyber Risk Report to aid users in complying with SEC regulations regarding cyber risk management and governance. The report includes insights on Annual Expected Losses and Value at Risk, derived from ROI-based cybersecurity risk mitigation programs and proprietary models. It helps organizations make informed risk management decisions through understanding potential expected losses and their probabilities.

The SEC regulation emphasizes the importance of detailed risk assessment and management, extending to all organizations, not just publicly listed ones. The interconnected nature of supply chains means smaller third-party companies can also impact public companies, underscoring the need for effective cyber risk management. DeNexus’ report addresses cybersecurity risks comprehensively, focusing on prevention, detection, and mitigation/remediation.

The new SEC report from DeNexus aids in the oversight of cybersecurity risks by committees and supports management in making necessary risk mitigation decisions. It provides insights into control maturity, telemetry, vulnerability identification, and risk management projects simulator. The report helps organizations navigate the complexities of OT Cyber Risk Quantification and Management in an ever-evolving cybersecurity landscape.