Name: Masterclass EMEA: Assuring Stakeholders with Cyber Risk Quantification
Start: 2022-05-26T10:00:00Z
End: 2022-05-26T10:39:51.000Z
Location: BrightTALK
Rating: 0

BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings.

Ransomware is rapidly becoming the most common form of cyberattack. Incidents have doubled year-over-year with headline-grabbing consequences. In line with this data, recent BitSight search shows that 64% of European organizations are at heightened risk of ransomware due to their overall security performance.

Organizations in sectors such as energy and utilities, healthcare, government agencies and education are a leading target, but they are not alone. Manufacturing companies, financial services, retailers, and others are also vulnerable to the mounting ransomware threat. Supply chains are an emerging trend as a vehicle for ransomware. And the price to pay is always high, as it often comes at the cost of millions and negative reputation.

Security managers need actionable data to help protect their networks. They also need to understand how the EU regulatory landscape is changing in the near future with stricter legislation that will help bring confidence in today’s digital, connected world.

Ransomware is an Epidemic - All the questions you may have

BitSight is hosting a monthly webinar series exclusively dedicated to you: During 30 minutes, our experts will answer all the essential questions on various topics about effectively running a cybersecurity program.

Cybersecurity governance is a critically important part of managing security and risk in organizations large and small. It ensures that a company’s cybersecurity model and program align with business objectives, comply with government or industry regulations, and achieve the leadership goals for managing security and risk.

Organizations are increasingly looking for a way to get access to a data-driven, objective, and dynamic measurement of their security performance – and the security posture of their third-party vendors. By immediately exposing risk within an IT ecosystem and supply chain, BitSight delivers all the data they need to govern their security programs more effectively with customizable reports tailored to their organization’s specific needs.

Let us know your questions by joining us in this exclusive webinar to get all the answers you need about putting cyber risk governance working for your organization – and register for free in the other ‘BitSight Expert Sessions: Let's talk about cyber risk security in 30 minutes’ to make sure you get all the information BitSight has to offer you.

SPM for Cyber Risk Governance - Driving Performance for Increased Accountability

Announced as part of the new digital finance strategy, the Digital Operational Resilience Act (DORA), initiated by the European Union (EU), is harmonizing Information and Communications Technology (ICT) risk requirements across Europe, including the UK. 

DORA is a direct consequence of the several inconsistent, national, non-harmonized regulatory initiatives conducted over recent years, as Information and Communications Technology (ICT) risk has been addressed in different ways by various financial supervisors within the European Union (EU).
DORA is still being analyzed and discussed by the European Parliament and Council and should be ready to go into action early 2022 - pushed back from the end of 2021 date initially planned. However, progress shows that the Council adopted a general approach on the Commission's proposal. Negotiations with the European Parliament will follow.

On this webinar we will have the change to answer all the questions you may have.

Is your organization ready for DORA? Here's what you need to know

BitSight is hosting a monthly webinar series exclusively dedicated to you: During 30 minutes, our experts will answer all the essential questions on various topics about effectively running a cybersecurity program.

Considering the series of attacks that started since mid-last year – some even said that 2021 was the year of ransomware –, there is no longer much room for doubt: Managing third-party risk is now an essential part of the overall cybersecurity strategy for any modern organization.

64% of the European Organizations are at heightened risk of ransomware attacks, according to BitSight’s daily analysis of over 250 billion data points. Third-party vendors are often the weakest link in any organization’s security ecosystem since most security leaders do not have good visibility or oversight of their security controls. These breaches, along with the requirements for DORA compliance, mean that European security leaders must take steps to implement robust third-party risk management programs. 

Getting a TPRM program up and running can be quite challenging. There are essential steps to take to make your program successful – and we know that many questions will come up along the way, starting right with the vendor validation process.

Let us know your questions by joining us in this exclusive webinar to get all the answers you need – and register for free in the upcoming ‘BitSight Expert Sessions: Let's talk about cyber risk security in 30 minutes’ to make sure you get all the information BitSight has to offer you.

TPRM - High Performance Across the Vendor Lifecycle: Focus on Vendor Validation

Announced as part of the new digital finance strategy, the Digital Operational Resilience Act (DORA), initiated by the European Union (EU), is harmonizing Information and Communications Technology (ICT) risk requirements across Europe, including the UK. 

DORA is a direct consequence of the several inconsistent, national, non-harmonized regulatory initiatives conducted over recent years, as Information and Communications Technology (ICT) risk has been addressed in different ways by various financial supervisors within the European Union (EU).
DORA is still being analyzed and discussed by the European Parliament and Council and should be ready to go into action early 2022 - pushed back from the end of 2021 date initially planned. However, progress shows that the Council adopted a general approach on the Commission's proposal. Negotiations with the European Parliament will follow.
On this webinar we will have the change to answer all the questions you may have.

Second ROUND: Is your organization ready for DORA? Here's what you need to know

Infosecurity Europe came back strong this year in London as a face-to-face event, and BitSight wouldn't miss this opportunity to show once again the value of trusted Security Ratings as a tool to help organisations make the right cybersecurity decisions - and faster.

Watch this short video to get more insights on:
- Continuous assessing your cybersecurity program with Security Performance Management
- Reducing risk across your supply chain with Third-Party Risk Management
- Quickly and easily understanding your potential financial exposure in a language that makes business sense with Cyber Risk Quantification
- Automatically identifying vendor connections to other organisations and business partners with Fourth-Party Risk Management

Fireside chat with BitSight: A view from Infosecurity Europe on Security Ratings

Uploaded_Video_No_Title

Dive deep into the capabilities that enable you to reduce cyber risk.
Discover the technical vision behind Control Insights, the new continuous controls monitoring capability in BitSight for Security Performance Management.

Line of Sight: Control Insights

BitSight’s Financial Quantification for Enterprise Cyber Risk is an add-on module to BitSight SPM, providing an efficient and easily repeatable way to quantify cyber risk in financial terms.

Line of Sight: Financial Quantification

The BitSight Ratings Tree graphically represents your organization’s unique hierarchical structure, including business units, subsidiaries, or geographical locations, enabling you to manage cyber risk more efficiently across your extended organization.

Line of Sight: Ratings Tree

The Digital Operational Resilience Act is being carried out by the European Union (EU) to harmonize
information and communications technology (ICT) risk requirements across Europe. It specifically targets the
banking and financial services industry, as well as critical ICT service providers. DORA aims to bring financial entities a harmonized and comprehensive framework for ICT risk management by potentially amending existing rules such as the Network and Information Security (NIS) Directive.

Understanding the DORA and What it Means for Your Organization

Continuously monitor for emerging cyber risk. BitSight's powerful data and analytics platform continuously monitors for unknown vulnerabilities and immediately and automatically identifies gaps in your security controls.

BitSight for 4th Party

BitSight Security Performance Management (SPM) measures an organization’s cybersecurity performance over time. With continuous visibility of the organization’s extended digital footprint, and a differentiated view of the organization’s unique hierarchical structure, SPM facilitates organizational cyber risk oversight.

BitSight for Security Performance Management

The digital threat landscape is growing stronger and broader for businesses everywhere. As organizations realize that being exposed to cyber risk is an inevitable part of doing business today, security leaders are being pressed to effectively plan and manage cyber security programs. The process often includes executing policies and procedures defined by the Governance team to implement controls, prioritize remediation, and respond to incidents. However, the organizational hierarchy can be rather complex leading to numerous challenges for driving accountability across the business.
 
Setting up a cyber security program across the organization with cyber risk governance is an effective approach, as it provides access to meaningful metrics and advanced analytics that can uniformly measure the overall program performance. By establishing uniform performance standards as an integral part of the governance program, security leaders will ensure that their security controls efficiently perform to their expectations - including their business units, subsidiaries, or geographic teams.
 
Join us for this webinar and explore the topic of driving accountability with cyber risk governance in more detail. In this session we will discuss:
●   Different options for setting standards, and ideas for implementing
●   How to incorporate benchmarking and peer comparisons into your standards
●   How cyber risk governance defines policies and procedures inside the organization to protect from cyber events and threats
Key takeaways include:
●   Ideas for driving accountability across your extended organization
●   Tips for utilizing cyber risk quantification as a performance metric
●   How Security Ratings can play a key role in your governance standards

Building a Stronger Cyber Security Program with Cyber Risk Governance

As we see more businesses adopt outsourced services/solutions providers and become increasingly reliant on third-party vendors, organizations inevitably intensify workload to their teams involved in the management of these third parties. This extended ecosystem creates a silent threat, expands the attack surface of the organization and potentially leaves the door wide open for security incidents to happen.

Adopting a best-in-class Third Party Risk Management program is the way to go, but understanding the required steps to plan and make it successful is equally critical. Whether you are planning, launching, growing or optimizing your third-party risk management process, BitSight makes sure your program is scalable with your resource, efficient and increases confidence in the risk management decisions you make.

Register for this webinar to learn more about:
· How to quickly expose cyber risk within your supply chain, align priorities and resources to address these risks
· Getting insights into the riskiest issues impacting your vendors
· Working alongside with your vendors to achieve significant and measurable cyber risk reduction
· Understanding the data that correlates to potential security incidents
· Leveraging the context from the most engaged community of risk and security professionals
· How to quickly launch, grow or optimize a best-in-class Third Party Risk Management program with BitSight

Get Your Best-in-Class Third Party Risk Management Program with BitSight

Reporting evidence on a cyber security program's performance to inspire assurance across the board is not an easy mission. Organizations first need to make sure they use a language that can be commonly understood by all stakeholders in every space - from executives to customers, from regulators to cyber insurance carriers. They need to create a language of trust based on indisputable context, data and metrics they can effectively rely on.

BitSight for Security Performance Management uses Cyber Risk Quantification to help you create that shared understanding with non-technical stakeholders, by providing meaningful metrics that are independently correlated to data breach and company stock performance. This facilitates the process of communicating your work to others in order to inspire confidence in your program - either by quickly exporting an executive summary of your program performance over time to share with the board or by showing how your program compares to other top-performing organizations.

Join us for this educational webinar to learn how BitSight and Cyber Risk Quantification can help you engage in a meaningful conversation about cyber risk.

Masterclass EMEA: Assuring Stakeholders with Cyber Risk Quantification

#Cyber risk

#Quantification

#Performance

# Cyber Risk Quantification

Reporting

#conversation

#Security Performance Management

#Security

#threats

The IT security community on BrightTALK is composed of more than 200,000 IT security professionals trading relevant information on software assurance, network security and mobile security. Join the conversation by watching on-demand and live information security webinars and asking questions of experts and industry leaders.

IT Security

Increasing expectations for good governance, effective risk management and complex demands for corporate compliance are presenting a growing challenge for organizations of all sizes. Join industry thought leaders as they provide you with practical advice on how to implement successful risk and compliance management strategies across your organization. Browse risk management resources in the form of interactive webinars and videos and ask questions of expert GRC professionals.

IT Governance, Risk and Compliance

As an IT professional, many of the problems you face are multifaceted, complex and don’t lend themselves to simple solutions. The information technology community features useful and free information technology resources. Join to browse thousands of videos and webinars on ITIL best practices, IT security strategy and more presented by leading CTOs, CIOs and other technology experts.

Masterclass EMEA: Assuring Stakeholders with Cyber Risk Quantification

Presented by

About this talk

More from this channel