InfoGPS Puts Cyber Risk in to Dollars and Cents; Gives IT Security a Seat at the Table

INFOGPS NETWORKS v2.04 RELEASE NOW PROVIDES THE FINANCIAL IMPACT OF A DATA BREACH ACROSS ANY SEGMENT OF AN ORGANIZATION.

North Canton, Ohio – InfoGPS now brings “financial impact” reporting into their data security platform with their latest software release – Version 2.04. The software company automates the discovery, classification and risk ranking of unstructured and semi-structured data across large enterprise networks and small business alike, so organizations can understand what sensitive data they possess, how much they have, where it all resides and who has access to it.

Now, with Version 2.04, InfoGPS has added the financial impact, in dollars, that sensitive data represents to the organization with their new Economic Cyber Value™ feature. The feature allows a customer to assign a Cost Per Record to each piece of personal identity information (PII), personal credit information (PCI), and personal health information (PHI). Clients may also define any other type of sensitive information unique to their business model. InfoGPS will provide industry specific risk values to assist clients who are assessing this risk for the first time.

• Boards of Directors and Officers can now set thresholds on cyber risk based on financial impact; the same way they do for the rest of the operation. They can also now evaluate the effectiveness of spending to reduce those financial risks, and establish proper metrics to ensure mitigation efforts are providing the proper reduction in economic exposures.
• Individuals responsible for requesting budget dollars to acquire new security controls will be able to quantify the economic risk they are attempting to protect and compare that risk to the cost of acquisition.
• Individuals who approve expenditures will now have the ability to compare costs with the economic benefits of a solution. For the full article click here

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