Product News: Software
IT/Cybersecurity Analysis Software reports business impact risks.
Press Release Summary:
August 5, 2014 - With what if analysis, root cause analysis, and issue management capabilities, RiskCalibrator v2.0 automatically generates reports that provide insight needed to make risk management decisions. This specifically addresses IT and cybersecurity risk mitigation investment allocation, cybersecurity insurance requirements assessment, communication of risk and compliance issues, deriving financially driven risk appetite statements, as well as quantification of capital reserves and other set-asides.
Original Press Release
CXOWARE Unveils RiskCalibrator 2.0
Press release date: July 31, 2014
Technology features advanced analytics for measuring and managing IT and cybersecurity risk
SPOKANE, Wash. – CXOWARE, a cybersecurity risk analysis solutions provider, today announced the release of RiskCalibrator 2.0. Built from the proven flagship solution RiskCalibrator, this updated software platform boasts advanced features including powerful "what if" analysis, root cause analysis, and issue management.
"Cybersecurity is one of the top issues discussed in the board room today," said Steve Tabacek, CEO and Co-Founder of CXOWARE. "With the reporting capabilities of RiskCalibrator, executives now have the insights necessary to make educated business decisions about risk management."
RiskCalibrator provides detailed and easy-to-understand business-impact risk reports that highlight loss exposure. With the enhanced analytics and reporting, companies are provided the insights that lead to business decisions explicitly and strategically, especially those relating to:
-- Allocating IT & cybersecurity risk mitigation investments
-- Determining cybersecurity insurance requirements
-- Communicating risk & compliance issues to the board or audit committee
-- Derive financially-driven risk appetite statements for IT & cybersecurity
-- Quantify capital reserves and other set-asides
RiskCalibrator automatically generates reports that enable management to know where they can best mitigate risk or prioritize projects. An organizations' ability to manage risk systemically and cost-effectively is also improved by identifying and managing root causes behind control deficiencies. With the new features and enhancements, CXOWARE provides you with unmatched visibility into a company's risk exposure through the use of leading-edge analytics and technology.
RiskCalibrator 2.0 Quick Facts:
-- Issues Register & Control Compliance Threshold: RiskCalibrator automatically identifies those issues that are contributing most to an organization's risk posture, determines the amount of loss exposure each issue represents, and tracks them.
-- Root Cause Analysis significantly simplifies and improves consistency in the process of identifying, reporting on, and remediating root causes for control variance.
-- Sensitivity Analysis provides insight into which risk management efforts provide the most (or least) leverage in order to effectively prioritize projects, issues, and concerns.
-- Workflow Management improves efficiency and streamlines workflow process.
To learn more about CXOWARE and the RiskCalibrator 2.0, visit www.cxoware.com.
About CXOWARE Inc.
CXOWARE is a risk analytics software company providing cybersecurity risk analysis solutions. CXOWARE's applications provide Chief Information Security Officers (CISO's) and Risk Officers with a decision-analysis solution that dramatically improves their ability to measure the monetary loss associated with cybersecurity risk. Decision-makers can efficiently tailor risk mitigation budgets to the highest loss exposure areas, thus saving money and reducing liabilities to the business. CXOWARE's RiskCalibrator software is the only FAIR (Factor Analysis of Information Risk) authorized software and is based on The Open Group Risk Analysis Standard, Factor Analysis of Information Risk (FAIR).
Marketing Communications Manager
Web Site: http://www.cxoware.com