New platform seeks to automate risk management

Identifying and prioritizing cyber threats is a problem for large organizations and it's easy to become overwhelmed with information. This is why, increasingly, they're turning to solutions to automate the process.

Risk analysis specialist Bay Dynamics is launching a new version of its analytics platform, Risk Fabric, that helps companies measure, communicate and reduce cyber risk. It automatically delivers prioritized threat and vulnerability information, based on the value of assets at risk, to the business leaders who are responsible for those assets.

"Risk Fabric has proven to be the leading platform in helping large, Fortune 500 companies prioritize and combat insider and external threats to their most valued assets," says Ryan Stolte, co-founder and chief technology officer at Bay Dynamics. "Now, we are taking the platform one step further. Security practitioners can say 'goodbye' to the daunting, manual process of figuring out which vulnerabilities and threats are the most critical and who is responsible for mitigating them. Risk Fabric automatically delivers prioritized cyber risk information to the stakeholders who govern valued assets at risk and are therefore held accountable for reducing that risk".

Risk Fabric collects and analyzes threat, vulnerability and business context data from companies' existing security tools. It then adds a layer of user and entity behavioral analytics and brings together the different data sources to enable companies to measure and manage their cyber risk. This comprehensive approach helps companies prioritize their vulnerability lifecycle, prevent credential-based threats such as those coming from insiders and compromised accounts, and guards against software-based threats like malware.

It also seeks to bridge the cyber risk reporting gap between security executives and the board of directors. Risk Fabric produces board-ready cyber risk reports that are traceable, trustworthy and actionable so that boards of directors can make informed decisions to reduce risk.

You can find out more about Risk Fabric on the Bay Dynamics website.

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