Cyber Risk Management

Cyber Risk Management

Cyber Risk Management is the next evolution in enterprise technology risk and security for organizations that increasingly rely on digital processes to run their business.

Scandinavin Global is leading a revolution in the way cyber risk is assessed, measured and managed by bringing to market a Software as a Service solution that makes cyber risk quantification a reality.

We help organizations translate cyber risk from the technical into the economic language of business.

Enterprise-wide Cybersecurity Program Review and Roadmapping

  • Standards-based, client-specific assessment that helps drive strategy, risk management, investment, and risk-transfer decisions.
  • Based on a proprietary synthesis of multiple standards for testing and validating security outcomes within the National Institute of Standards and Technology (NIST) Cybersecurity Framework.
  • Measures the effectiveness of your controls through performance validation testing.
  • Includes a joint Roadmapping Workshop to develop multi-year investment and program plans, using Cyber Value-at-Risk modeling to analyze alternative security control investment strategies in terms of risk reduction potential.

Identify Threats and Vulnerabilities

Identify security vulnerabilities before the threat actors do across your network, endpoints, and applications.

Test My Security Posture

Perform targeted assessments and technical cybersecurity services to test and evaluate cybersecurity posture and overall cyber resilience.

Governance, Risk & Compliance

Assess and improve your organization's cyber resilience by evaluating your defenses against best practice information security standards, including the NIST CSF, CCPA, NYDFS, HIPAA, FINRA, PCI DSS, C2M2, GDPR and others.

Cybersecurity Risk Quantification

  • Enables enterprise risk management through the quantification of your cybersecurity risk or exposure that provides the insight necessary to articulate your cyber risk appetite, make risk-informed investment decisions, and illuminate risk transfer needs and options.
  • Leverages strategic and financial company information to model your cyber operating environment and generate a dashboard view of the “Cyber Value-at-Risk” – the probability of breach, average and severe breach costs, and the top cybersecurity weaknesses.
  • Based on data collected from an Enterprise-wide Cybersecurity Program Assessment and additional pertinent organizational information, such as enterprise and business unit revenue and business value of significant IT assets from the CISO and CIO point of view.
Security Technical Controls Review

    • Methodical review of your cybersecurity technical controls environment.
    • Assesses the enterprise cybersecurity architecture and technical controls for:
      • How well the controls implement policy.
      • How effectively they support the risk appetite.
      • How effectively they meet compliance requirements.
    • Applies technical tools to evaluate the operational effectiveness of security controls.
    • Based on a repeatable and traceable methodology that draws on accepted security technical controls standards such as Center for Internet Security Critical Security Controls, NIST SP 800-53, Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI DSS), and other sector-specific standards.

Third-Party Cybersecurity Risk Management Review

    • Identifies third-party relationships, including suppliers, service providers, business partners, contractors, vendors, etc., and assesses the likelihood that they would experience a cyber event.
    • Highlights areas of concentration where multiple suppliers share hosting providers, security vendors, vulnerabilities, or technology systems.
    • Provides a systematic method of continuously monitoring the cyber risks imposed by authorized third parties and a protocol for managing them.
    • Identifies high-risk suppliers whose cybersecurity vulnerabilities should be further assessed.

Scenario-Based Cyber Exercises

    • Executive-level, facilitated tabletop exercises, typically focused on the enterprise response to a series of hypothetical cyber incidents that are realistic for your business.
    • Tests assumptions, plans, and operational processes.
    • Enhances your organization’s understanding and awareness of the intricacies of cyber incident management.
    • Provides your executives and managers with experience that is directly transferrable to real-world events, increasing your enterprise’s cyber response preparedness.
    • Validates external resources and Points-Of-Contact (POCs) and helps build external relationships that prove to be of value in a crisis.

Minimize your cyber risks

Our customizable suite of products and services helps ensure that your organization can protect against potential cyber incidents, and minimize losses should one occur.