Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Unisys Unveils TrustCheck™, the First Subscription-Based Service to Help Security Teams Continually Assess and Prioritise Cyber Risk in Economic Terms

Unisys Unveils TrustCheck™, the First Subscription-Based Service to Help Security Teams Continually Assess and Prioritise Cyber Risk in Economic Terms

With an analytics model used by cyber insurance companies, service gives security professionals easy, fast, concise access to cyber risk data in financial terms they can report to leadership

Unisys Corporation (NYSE: UIS) today launched Unisys TrustCheck™, a new service that draws on the strength of an analytics model used in the cyber insurance industry to quickly and easily assess the potential financial impact of cyber risks.

The company launched the service at the Black Hat USA 2018 conference being held in Las Vegas.

Unlike other risk assessment offerings, TrustCheck is delivered as a managed service on an annual subscription basis, giving security professionals constantly updated information on their organisations’ cybersecurity posture and recommended steps for remediation.

TrustCheck is powered by X-Analytics®, a patented cyber risk analytics model developed by Secure Systems Innovation Corp. X-Analytics has been used by cyber insurance companies to underwrite billions of dollars’ worth of cyber risk insurance, translating cybersecurity metrics into business metrics.

TrustCheck reduces uncertainty and assumptions in cyber risk management. It enables organisations to:
Assess cybersecurity and cyber risk posture in economic terms;
Augment traditional gap assessment data with analysis of threats and controls from the client’s existing security products;
Determine the likelihood of a cyber-related financial loss;
Easily communicate risk-reduction initiatives to the board;
Analyse the return on investment of cybersecurity investments;
Prioritise risk mitigation activities; and
Identify risk transfer zones for all cyber perils.

“With the rapid pace of digital transformation, cybersecurity has become a top concern of government and business executives, their leadership and their boards of directors,” saidDuncan Brown, associate vice president, European infrastructure and security, IDC. “However, technology professionals on the front lines of cybersecurity have not always had the tools they need to communicate cyber risks to their leadership in economic and business terms. Traditional heat maps and subjective metrics fail to provide the insight that leaders need to understand the probability and associated financial impact of a cybersecurity event, making it impossible for them to make fully-informed decisions.”

“With TrustCheck, Unisys is fundamentally transforming the cyber risk conversation, enabling organisations to align security initiatives with business strategies,” said Jonathan Goldberger, vice president of Security Solutions, Unisys. “TrustCheck translates cybersecurity data into financial metrics, such as expected loss or return on investment, and empowers security professionals to make better risk management decisions based on business priorities.”

Through the TrustCheck service, clients have ongoing access to risk dashboards to review their cybersecurity stance. Additionally, Unisys reviews the dashboards with clients on a monthly basis to discuss how to adapt to new threats and shifting priorities. Clients can log into tailored dashboards on an ongoing basis to review information on their organisations’ cybersecurity stance and how well they are positioned to respond to new threats and shifting priorities.

Visit Unisys at booth #1420 at the Black Hat USA 2018 conference for a demonstration of how TrustCheck is transforming cybersecurity metrics and financial cyber risk reporting.

For more information on TrustCheck, go to www.unisys.com/TrustCheck.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post