10 Risk Management Strategies in 2024 for Better GRC Privacy

10 Risk Management Strategies for Better Privacy with GRC

Learn the vital risk management strategies for elevated privacy. Secure organizations with the best practices in risk management while being in compliance with the GRC privacy framework in detail.

Contents

1. Legal Governance, Risk and Compliance: What a Company Needs to Know
2. Risk Management within the GRC framework: Concepts and Strategies
3. GRC Cyber Security: Essential Strategies for Modern Risk Management
4. Risk Management: Future Trends and Impact

In the wild world of business today, Governance, Risk, and Compliance (GRC) stands as a guide along with risk management due to increasing cyber threats. It’s the tool that can help organizations find their way through the thickets of operational challenges, especially those tied to cybersecurity.

GRC isn’t just a fancy term; it’s a strategic plan that aligns IT with business goals, manages risks head-on, and ensures rules are followed. It’s the map that helps businesses navigate the tricky terrain of cyber threats and changing rules.

The power of GRC lies in its ability to spot potential risks, build strong risk management processes, set up compliance guidelines, and boost openness. It gives a clear view of the business landscape, helping to make smart decisions, manage IT and security risks, cut costs, and meet rules.

In the next sections, we’ll dig deeper into the legal side of GRC and how an organization can use GRC strategies to its advantage.

1.  Legal Governance, Risk and Compliance: What a Company Needs to Know

1.1  An Approach to GRC Governance, Risk, and Compliance (GRC)

It aligns IT with business goals, manages risks, and ensures compliance with regulations. It includes tools and processes to unify governance and risk management with technological innovation.

  • Governance refers to the policies, rules, or frameworks that a company uses to achieve its business goals. It defines the responsibilities of key stakeholders.
  • Risk management involves identifying, assessing, and handling potential risks. Companies use a risk management program to predict potential problems and minimize losses.
  • Compliance is the act of following rules, laws, and regulations. It applies to legal and regulatory requirements set by industrial bodies and also to internal corporate policies.

1.2  Benefits of GRC in Risk Management

It enables organizations to

  • Identify risks,
  • Develop risk management procedures,
  • Establish compliance guidelines, and
  • Increase transparency

GRC helps companies manage IT and security risks, reduce costs, and meet compliance requirements.

It improves decision-making and performance by providing an integrated view of risk management. The GRC provides a framework that integrates governance, risk management, and compliance activities, enabling organizations to streamline operations, mitigate risks, and uphold ethical and legal standards.

2.  Risk Management within the GRC Framework: Concepts and Strategies

GRC and risk management and Compliance (GRC) is a strategy for managing governance, risk, and compliance. It ensures organizations effectively identify, assess, manage, and monitor risks.

2.1  GRC Risk Management Process

The process involves:

  • Risk Identification: Identifying potential risks affecting objectives
  • Risk Assessment: Assessing the impact and likelihood of risks
  • Risk Appetite: Determining the acceptable level of risk
  • Risk Tolerance: Quantifying acceptable risk variation
  • Risk Mitigation: Implementing strategies to reduce risk impact

2.2  Developing Risk Management Strategies

The strategy development process includes:

  • Identifying risks
  • Assigning risk severity levels
  • Developing risk mitigation plans
  • Monitoring control effectiveness
  • Communicating risk
  • Continually assessing and adjusting strategies

These strategies enhance organizational resilience and success within the GRC framework.

3.  GRC Cyber Security: Essential Strategies for Modern Risk Management

GRC plays a pivotal role in the success and resilience of an organization’s cybersecurity front. A proactive approach to managing risk in GRC helps boost data privacy and security at all levels.

3.1  10 Risk Management Strategies and Best Practices for GRC Privacy

3.1.1  Understanding GRC in Cybersecurity

GRC in cybersecurity is a structured approach that aligns IT operations with business objectives, effectively manages risks, and meets regulatory needs. It comprises three essential elements: governance, risk management, and compliance.

  • Governance: It functions as the architect of protocols and standards, laying down the framework for secure operations within an organization.
  • Risk Management: Operates as the vigilant observer within this framework, detecting threats and vulnerabilities and devising strategies to mitigate or eliminate them.
  • Compliance: Ensures meticulous adherence to the established rules and standards, verifying that all operations align with the predefined guidelines.

Understanding GRC in cybersecurity is crucial as it forms the backbone of a proactive approach to managing cyber risk, complying with regulations, and fostering a risk-aware culture.

3.1.2  Role of GRC, Risk Assessment and Digital Tools

GRC (Governance, Risk, and Compliance) in cybersecurity is a strategic framework that aligns IT with business objectives, manages risks, and ensures compliance with regulations. It plays a pivotal role in enhancing operational efficiency, streamlining processes, and achieving business objectives.

  • Governance: It guarantees the alignment of corporate activities with business goals. It encompasses ethics, resource management, accountability, and management controls.
  • Risk Management: It is the process of identifying, assessing, and controlling financial, legal, strategic, and security risks to an organization.
  • Compliance: It ensures that all operations align with the predefined guidelines.

Digital tools play a crucial role in executing and overseeing cybersecurity strategies. They provide a comprehensive perspective on processes, risks, and compliance across various departments, enable more informed decision-making, efficient risk assessment, enhanced IT compliance, and improved performance. These tools bolster the effectiveness of the GRC cybersecurity framework in addressing security risks.

3.1.3  Risk Assessment

Risk assessment is a critical component of the GRC framework in cybersecurity. It involves identifying, estimating, and prioritizing information security risks. Here’s a breakdown of the process:

  • Identify and Document Network Asset Vulnerabilities: The first step involves identifying and documenting the vulnerabilities associated with an organization’s IT assets.
  • Use Sources of Cyber Threat Intelligence: Cyber threat intelligence is internal or external information that can help identify cybersecurity risks.
  • Identify and Document Internal and External Threats: With a full view of its IT assets and an understanding of the major potential threats, an organization can search for both internal and external threats.
  • Identify Potential Mission Impacts: Different cybersecurity risks have varying potential impacts on the organization.
  • Determine Risk: At this point in the assessment, an organization has a clear understanding of the various threats and vulnerabilities it faces and the potential impact of each.

A comprehensive risk assessment helps organizations prevent and reduce costly security incidents and data breaches and avoid regulatory and compliance issues. It also helps to create a more risk-aware culture.

3.1.4  Risk Mitigation

Risk mitigation, a crucial strategy in cybersecurity, focuses on reducing the overall impact of a potential cyber threat. It involves a three-pronged approach: prevention, detection, and remediation.

  • Prevention: This strategy involves applying all available software updates as soon as they become available. Cybercriminals can engineer exploits almost immediately after the release of a patch, making automation crucial.
  • Detection: This strategy requires using modern operating systems that enforce signed software execution policies for scripts, executables, device drivers, and system firmware. Allowing unsigned software can provide cybercriminals with an entry point.
  • Remediation: Crafting a disaster recovery plan (DRP) is key to effectively mitigating cyberattacks. A DRP should address data protection, data restoration, offsite backups, system reconstitution, configurations, and logs.

Implementing these strategies can significantly reduce an organization’s exposure to cyber threats and ensure a robust cybersecurity defense.

3.1.5  Continuous Monitoring

Continuous monitoring is a critical strategy in risk management for cybersecurity. It involves the constant surveillance of IT systems and networks to detect security threats, performance issues, or non-compliance problems. This approach aims to identify potential problems and threats in real time, allowing for quick resolution.

The goal of continuous monitoring is not just about identifying threats but also about understanding the health of each component and operation within an organization’s IT infrastructure. It provides a comprehensive perspective on processes, risks, and compliance across various departments, leading to more informed decision-making and enhanced IT compliance.

Continuous monitoring is a proactive approach that transitions organizations from a reactive to a proactive cybersecurity stance. By continuously monitoring cyber risks, organizations can foresee potential threats and address them preemptively. This strategy is crucial for all stakeholders involved in an organization’s IT infrastructure.

3.1.6  Incidence Response Plan

An incident response plan (IRP) is a critical strategy in modern risk management. It is a set of procedures that help security teams identify, respond to, and recover from a cybersecurity incident. NIST and SANS developed the two most well-respected IR frameworks.

The NIST framework includes steps such as preparation, detection and analysis, containment, eradication and recovery, and post-incident activity. The SANS framework, while similar, differs slightly in wording and grouping.

Having an IRP in place is crucial, as it allows for quick and uniform responses to any type of external threat. It ensures that responses are as effective as possible, reducing the potential impact of a cybersecurity incident.

3.1.7  Training and Awareness

In cybersecurity, training and awareness play a significant role in knowledge sharing and implementation. They equip employees with the knowledge to understand cybersecurity risks and how to mitigate them. Engaging employees in various security awareness situations, whether conducted online, in person, or a combination of both, achieves this.

Effective training educates employees about the existing cybersecurity threats against the organization, helps them understand potential vulnerabilities, and teaches them the appropriate habits for recognizing signs of danger and avoiding breaches and attacks. It also guides them on what to do if they make a mistake or have any doubts.

In essence, training and awareness form the backbone of a proactive approach to cybersecurity, managing cyber risk, complying with regulations, and fostering a risk-aware culture.

3.1.8  Compliance Management

Compliance management is a critical strategy in cybersecurity risk management. It involves managing an organization’s responsibilities under laws, regulations, and standards. This includes identifying compliance responsibilities and closing compliance gaps on an ongoing basis.

At its core, it means adhering to standards and regulatory requirements set forth by some agency, law, or authority group. Organizations achieve compliance by establishing risk-based controls that protect the confidentiality, integrity, and availability (CIA) of information.

Compliance management is not just a checkbox for government regulations but also a formal way of protecting an organization from cyberattacks. It’s an ongoing effort since the digital attack surface is always expanding. Remember, compliance failures can carry significant financial penalties and even the revocation of core business functions.

3.1.9  Vendor Risk Management

Vendor risk management (VRM) is a crucial strategy in cybersecurity risk management. It involves identifying, assessing, and mitigating the cybersecurity risks associated with third-party vendors.

In the modern digital landscape, organizations often rely on third-party vendors for various services, including IT products and cloud solutions. However, these relationships can introduce new vulnerabilities into an organization’s cybersecurity infrastructure.

VRM is about managing these risks effectively. It combines objective, quantifiable data sources like security ratings and data leak detection with subjective, qualitative data sources like security questionnaires to get a complete understanding of each vendor’s security posture.

According to a 2020 Ponemon survey, the average enterprise has 5,800 third-party vendors, with 90% of them using some sort of cloud service. In 2019, IBM reported that the average time to identify a data breach was over six months.

Given these statistics, it’s clear that VRM is not just a good-to-have but a must-have strategy for modern organizations. It’s about being proactive, not reactive, in managing vendor-related cybersecurity risks.

3.1.10  Cyber Insurance

Cyber-insurance is a key strategy in cybersecurity risk management. It covers financial losses from cyber incidents like ransomware attacks and data breaches. Just like car insurance covers vehicle damage, cyber insurance pays for damaged computer systems, lost revenue, legal expenses, and other cyberattack costs.

According to IBM’s report, 83% of organizations have had more than one data breach, costing an average of USD 4.35 million. As the risk of cyberattacks grows, cyber insurance becomes increasingly essential. It can significantly mitigate the impact of data compromise, loss, or theft on a business, ranging from losing customers to reputation and revenue loss.

A cyber insurance policy can protect the enterprise against cyber events, including acts of cyber terrorism, and assist with security incident remediation. In essence, cyber insurance is a proactive measure to mitigate the financial impact of cyber threats, making it an indispensable part of modern risk management strategies.

3.2  10 GRC Companies to Consider for All Cybersecurity GRC Needs

3.2.1 AuditBoard

Founded in Los Angeles, California, AuditBoard offers the following essential features:

  • Cloud-based platform: AuditBoard is a leading cloud-based platform that is transforming audit, risk, and compliance management.
  • Suite of software solutions: The company offers a suite of software solutions designed to simplify and automate complex processes for auditors, risk managers, and compliance professionals.
  • Flagship products: Its flagship products, such as SOXHUB, OpsAudit, and RiskOversight, integrate critical auditing workflows.
  • Risk assessment: The platform includes features for risk assessment.
  • Document management: Document management is a key feature of the platform.
  • Reporting: The platform facilitates reporting.
  • Real-time collaboration: AuditBoard facilitates real-time collaboration across teams.
  • User-friendly interface: The platform receives praised for its user-friendly interface.
  • Scalability: AuditBoard is scalable, making it suitable for organizations of different sizes.
  • Actionable insights: The platform provides actionable insights that help organizations manage risks more effectively and ensure compliance with relevant regulations and standards.

3.2.2  Bitsight

The major features of Bitsight include:

  • Cybersecurity Risk Assessment: Bitsight revolutionizes the way organizations assess and mitigate cybersecurity risk.
  • Leader in Cybersecurity Ratings: As a leader in cybersecurity ratings, Bitsight provides comprehensive, data-driven insights into the security performance of companies and their potential cyber risks.
  • Data Analysis: Bitsight analyzes vast amounts of data on security incidents, practices, and behaviors.
  • Dynamic and Objective Rating System: It offers a dynamic and objective rating system that enables companies to benchmark their cybersecurity posture, identify vulnerabilities, and prioritize remediation efforts.
  • Global Clientele: It serves a global clientele.
  • Pivotal for Risk Management: Bitsight’s platform is pivotal for risk management, cyber insurance, and merger and acquisition due diligence.
  • Informed Decision Making: It helps stakeholders make informed decisions based on cybersecurity risk assessments.

3.2.3 Camms

The primary characteristics of Camms in GRC risk management are:

  • Integrated Risk Management (IRM): Provides a comprehensive platform for managing risk, strategy, projects, and people.
  • Risk Assessment Tools: Offers tools for assessing and managing risk.
  • Incident Management: Provides capabilities for managing incidents.
  • Strategic Planning: Supports strategic planning processes.
  • Global Clientele: Serves clients across various sectors worldwide, including healthcare, finance, and government.
  • Innovation: Continuously evolves its product suite to meet the dynamic needs of risk and compliance management.
  • User-Friendly Interfaces: Emphasizes on creating interfaces that are easy to use.
  • Actionable Insights: Provides insights that can be directly applied to improve business performance and compliance.

3.2.4 Fusion Risk Management

The major features of Fusion Risk Management include:

  • Cutting-Edge Software Solutions: Offers advanced software solutions to help businesses anticipate, manage, and respond to operational disruptions.
  • Business Continuity: Specializes in maintaining systems of operation during a disruption or disaster.
  • Disaster Recovery: Provides solutions for recovering or continuing technology infrastructure critical to an organization after a natural or human-induced disaster.
  • Risk Management: Offers tools and strategies for identifying, assessing, and prioritizing risks.
  • Cloud-Based Solution: Integrates critical functions into a single, cloud-based platform.
  • Resilience Through Proactive Planning: Enables organizations to achieve resilience through proactive planning and strategic response mechanisms.
  • Minimizing Impact of Incidents: Focuses on minimizing the impact of incidents and ensuring a swift recovery.
  • Support Across Various Industries: Supports clients across various industries in safeguarding their operations against unforeseen challenges.

3.2.5 LogicGate

The key features of LogicGate:

  • Cloud-Based GRC Platform: Offers a cloud-based governance, risk, and compliance (GRC) platform that enables organizations to automate and manage their risk and compliance processes effectively.
  • Risk Cloud Platform: Provides a versatile platform that allows for the customization and scaling of GRC applications to meet the evolving needs of businesses.
  • No-Code Application Framework: Leverages a no-code application framework, empowering businesses to visualize and mitigate risks, streamline workflows, and foster a proactive risk management culture.
  • Proactive Risk Management Culture: Fosters a culture that emphasizes proactive risk management.
  • Helps Navigate Regulatory and Risk Challenges: Dedicated to helping organizations of all sizes navigate the complex landscape of regulatory and risk challenges.
  • Transforms GRC Processes: Aims to transform GRC processes from a reactive to a strategic stance.

3.2.6 Ncontracts

The key features of Ncontracts include:

  • Risk and Compliance Management Solutions: Provides comprehensive solutions tailored for the banking and financial services industry.
  • Vendor Management: Offers services for managing vendor relationships.
  • Risk Management: Provides tools and strategies for identifying, assessing, and prioritizing risks.
  • Compliance Assurance: Ensures compliance with industry standards.
  • Audit Management: Provides solutions for managing audits.
  • Streamlined Governance and Operational Processes: Aims to streamline governance and operational processes for financial institutions.
  • Monitoring Regulatory Changes: Offers tools for monitoring changes in regulations.
  • Managing Third-Party Relationships: Provides solutions for managing third-party relationships.
  • User-Friendly Solutions: Dedicated to delivering integrated and user-friendly solutions.
  • Navigating the Complex Regulatory Landscape: Supports financial organizations in navigating the complex regulatory landscape.

3.2.7 Protecht

The key features of Protecht are:

  • Risk Management Innovation: An Australian company at the forefront of risk management innovation.
  • Comprehensive Suite of Software and Services: Offers a comprehensive suite of software and services that enable organizations to understand, manage, and mitigate their risks.
  • Enterprise Risk Management: Provides solutions for managing enterprise-level risks.
  • Compliance: Offers tools and strategies for ensuring compliance with regulations and standards.
  • Operational Risk: Provides solutions for managing operational risks.
  • Event Management: Offers tools for managing events.
  • Flexible and Scalable Solutions: Provides flexible and scalable solutions that can be tailored to fit the unique risk profile and requirements of each organization.
  • Embedding Risk Management: Emphasizes embedding risk management into the operational processes of an organization.
  • Enhanced Decision-Making and Improved Business Outcomes: Aims to enhance decision-making and improve business outcomes through better risk intelligence.

3.2.8 Resolver, a Kroll Business

The key features of Resolver include:

  • Integrated Risk Management Software: Offers software designed to empower organizations to protect their employees, operations, and data.
  • Advanced Analytics and Advisory Services: Enhanced its offerings to include advanced analytics and advisory services following its acquisition by Kroll.
  • Comprehensive Approach to Risk Management: Facilitates a comprehensive approach to identifying, assessing, monitoring, and mitigating risks.
  • Corporate Security, Compliance, and Incident Management: Provides solutions across various domains, including corporate security, compliance, and incident management.
  • Global Client Base: Serves clients globally across various industries.
  • Informed Decision Making: Committed to providing solutions that enable businesses to make informed decisions.
  • Proactive Risk Management Culture: Aims to foster a proactive risk management culture within organizations.

3.2.9 SAI360

The key features of SAI360 include:

  • Risk, Compliance, and Sustainability Solutions: Globally recognized provider of solutions in these areas.
  • Broad Range of Products: Offers a wide array of products designed to improve decision-making and operational efficiencies.
  • Regulatory Compliance Management: Provides tools for managing regulatory compliance.
  • Risk Management: Offers solutions for managing various types of risks.
  • Environmental Health and Safety (EHS): Provides solutions for managing EHS efforts.
  • Sustainability Efforts: Offers tools for managing sustainability efforts.
  • Integrated Approach: Enables organizations to adopt a holistic view of risk and compliance.
  • Culture of Resilience and Ethical Business Practices: Fosters a culture that emphasizes resilience and ethical business practices.
  • Innovation and Customer Success: Committed to innovation and ensuring customer success.
  • Support Across Various Industries: Supports organizations across various industries in navigating the complexities of the modern business environment and achieving their sustainability and governance goals.

3.2.10 Secureframe

The key features of Secureframe:

  • Information Security and Privacy Certifications: Streamlines the process of obtaining and maintaining certifications such as SOC 2, ISO 27001, HIPAA, and GDPR compliance.
  • Automated Compliance Workflow: Its platform automates the compliance workflow.
  • Continuous Monitoring: Offers continuous monitoring tools.
  • Employee Training: Provides employee training tools.
  • Policy Management: Offers policy management tools.
  • Vendor Risk Assessment: Provides vendor risk assessment tools.
  • Simplifying Compliance: Simplifies the path to compliance, enabling companies to focus on their core business.
  • Industry Standards and Regulatory Requirements: Ensures that company data and processes meet industry standards and regulatory requirements.
  • Dedicated to Manageable and Accessible Compliance: Dedicated to making complex compliance processes more manageable and accessible for businesses of all sizes.

4.      Risk Management: Future Trends and Impact

4.1 GRC Risk Management Trends

  • Risk Appetite and Tolerance: Only 33% of organizations have articulated their risk tolerance levels. This understanding is crucial for effective risk management.
  • Digitally-Transformed GRC: Digital transformation is reshaping GRC with the use of AI tools, GRC platforms, and risk maturity models.
  • Third-Party Risks: As businesses become more interconnected, managing third-party risks has become a priority.
  • Non-Financial Risks: Quantifying non-financial risks like reputational or operational risks is increasingly important.

4.2  Impact of GRC on an Organization’s Cybersecurity Posture

  • Integrated Approach: The need for cybersecurity to be integrated into GRC frameworks has increased due to persistent cyber threats and growing regulations.
  • Proactive Compliance: Organizations need to maintain regulatory compliance by being aware of updated regulations and emerging risks.
  • Managing Third-Party Cyber Risks: GRC frameworks are integrating vendor and third-party risk management to evaluate and reduce cyber risks.
  • Improved Security Posture: By integrating GRC functions, leveraging technology, and staying compliant, organizations can strengthen their cybersecurity posture.

These trends highlight the importance of a holistic approach to GRC and cybersecurity for navigating the digital world, mitigating risks, and ensuring robust cybersecurity.

As we say goodbye to 2024, it’s clear that risk management isn’t just a strategy anymore; it’s a game plan for success. It’s shown us that taking risk isn’t about courting danger but about seizing opportunities. Companies that have jumped on board aren’t just getting by; they’re flourishing, turning what could have been weaknesses into their greatest strengths.

Mixing high-tech risk management tools with a clear vision for the future has opened up new levels of agility and resilience. Businesses have discovered that adaptability and innovative thinking are their most valuable assets during challenging times. The past year has highlighted that in the high-stakes game of risk and reward, the boldest strategies, supported by robust risk management, are the ones that achieve success.

This year has given risk management a makeover, showing us that it’s the bedrock of sustainable growth and a lighthouse guiding us through the choppy waters of global business. The 2024 risk management game plan is a shining example of the power of embracing risk as a stepping-stone to success, setting a new gold standard for years to come

Spotlight

Interwork Technologies

Interwork Technologies is a North American value-added specialty distributor of IT Security, Information Management, and Network Solutions. Established in 1991, it has more than 20 years of channel and distribution experience with sales resources in both Canada and the U.S. Interwork offers a diverse portfolio of security technologies through its resellers, delivering advanced software and products for cloud and data center security, advanced threat detection, data security, legacy modernization, and converting big data into security intelligence.

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The partnership and combined expertise benefits customers with enhanced services like managed threat detection and response, incident response, security operations and analytics, threat intelligence, threat hunting and forensics, and training and enablement. “The Trellix and One Source partnership is extremely powerful; the former offers an incredible set of security solutions, and the latter excels at personalized deployment and execution,” said Paul Moline, Chief Information Officer, Lindsay Automotive Group. “I never anticipated we could protect our environment with the same security solutions used by government agencies and Fortune 50 companies: I can now sleep at night.” The Trellix XDR Platform’s open architecture and broad set of native security controls across endpoint, email, network, cloud, and data security integrates with over 500 third-party tools to create multi-vector, multi-vendor event correlation and context to speed up investigations. The Trellix Advanced Research Center provides an additional layer of protection by continuously informing the platform with information from millions of global sensors on the latest threat vectors, tactics, and recommendations. One Source experts apply these insights to stay ahead of the constantly evolving threat landscape. “The collaboration with Trellix is a game-changer in reshaping the cybersecurity landscape,” says Eric Gressel, Executive Vice President of Sales, One Source. “Thanks to our partnership, we have access to the highest level of cyber intelligence to fend off newly-revealed hackers and their means of attack, enabling our customers with the most comprehensive offering of enhanced Managed Security Services to protect their businesses.” One Source has a proven track record supporting global businesses spanning retail, restaurant, automotive, healthcare, financial, and manufacturing industries. Trellix customers can rely on One Source's leading Managed Security Services to optimize technology expenses while enhancing telecom connectivity, IT infrastructure, and cybersecurity strategies. About Trellix Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com. About One Source One Source helps businesses simplify a complex technology world. One Source is the leading provider of Technology and Managed Security Services for enterprises. Today, One Source manages more than 2,500 customers, 45,000 business locations, and over one million assets throughout North America. In addition to Managed Security Services, One Source provides Managed Technology Expense Management, 24 / 7 local helpdesk, procures and provisions telecom & IT solutions, and manages customer service requests. One Source frequently generates triple-digit ROI for customers through contract negotiation, portfolio optimization, and ongoing expense management. In addition, One Source leverages partnerships with industry leaders, including Trellix to bring Fortune 500 security solutions and fully managed services to the mid-market. One Source's approach empowers businesses to focus on customers and revenue-generating activities. Learn more at https://www.onesource.net/.

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Platform Security

Stellar Cyber and Proofpoint Strategic Alliance to Deliver Comprehensive Email Security Solution For SecOps Teams

Stellar Cyber | January 23, 2024

Stellar Cyber, the innovator of Open XDR, announced a new partnership with Proofpoint, a leading cybersecurity and compliance company. Through this alliance, Proofpoint and Stellar Cyber customers benefit from an out-of-the-box integration enabling swift email investigations and real-time response actions to email-driven attacks. Proofpoint Targeted Attack Protection monitors emails to identify suspicious emails and potentially malicious attachments and URLs. Once identified, the findings are shared with Stellar Cyber automatically. Stellar Cyber’s Open XDR platform ingests, normalizes, and analyzes Proofpoint findings and other collected data to deliver a comprehensive threat picture. As security analysts conduct investigations, they can instruct integrated third-party products – including Proofpoint – on corrective actions. “Protecting organizations against email-borne attacks is a top priority, and security teams need a way to automatically correlate threat telemetry across the entire attack surface in order to quickly remediate threats,” said Andrew Homer, VP of Strategic Alliances, Stellar Cyber. “This new partnership with Proofpoint is the latest example of Stellar Cyber delivering on its Open XDR strategy to provide customers turn-key integrations that improve productivity and threat detection.” “Email attacks remain the number one entry point into an organization, and the level of sophistication of these attacks continues to grow exponentially,” said D.J. Long, Vice President, Strategic Alliances & Business Development, Proofpoint. “We’re thrilled to work with Stellar Cyber on this strategic alliance to help customers protect against advanced email-based threats and unify their cybersecurity defense.” Through this alliance, Stellar Cyber and Proofpoint give security teams an advantage over attackers, resulting in the following: Real-time threat signals exchanged for proactive detection Correlation of Proofpoint alerts across the entire attack surface Automated response actions for immediate threat containment About Stellar Cyber Stellar Cyber’s Open XDR Platform delivers comprehensive, unified security without complexity, empowering lean security teams of any skill level to secure their environments successfully. With Stellar Cyber, organizations reduce risk with early and precise identification and remediation of threats while slashing costs, retaining investments in existing tools, and improving analyst productivity, delivering an 8X improvement in MTTD and a 20X improvement in MTTR. The company is based in Silicon Valley.

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Data Security

GuidePoint Security Announces Portfolio of Data Security Governance Services

GuidePoint Security | January 30, 2024

GuidePoint Security, a cybersecurity solutions leader enabling organizations to make smarter decisions and minimize risk, today announced the availability of its Data Security Governance services, which are designed to help customers address the challenges of unstructured data and data sprawl through a proven process and program to meet their unique needs. GuidePoint’s Data Security Governance services consist of policies, standards, and processes leveraging the newest technologies to meet organizations’ data governance goals in both on-prem and cloud environments. Once the right strategy is determined with the customer, GuidePoint Security consultants will review program requirements, assess current policies and controls, perform gap analysis, design and develop/enhance the program, recommend and implement supporting technologies, and create operational processes and metrics. “Whether an organization is just beginning to build their data security governance program or needs help assessing and improving an existing program, our team and service capabilities are built to meet them at their current maturity level,” said Scott Griswold, Practice Director - Security Governance Services, GuidePoint Security. “We work side by side with the customer to conduct the necessary data discovery in their environment and provide tailored recommendations for solutions and processes to ultimately build/improve upon the data security governance program.” GuidePoint’s Data Security Governance Services include: Sensitive Data Cataloging: For organizations just getting started in the process of protecting their sensitive data, GuidePoint offers Data Identification workshops to identify sensitive data types in the environment, including trade secrets, intellectual property, and sensitive business communications. Data Security Governance Program Assessment: For organizations with existing Data Security Governance or Data Protection programs, GuidePoint Security experts will assess the program to identify policy non-compliance, gaps in data protection requirements—whether legal, regulatory, contractual, or business—and program maturity levels. Data Security Governance Program Strategy Development: The GuidePoint team will work with an organization's key stakeholders to design a program strategy aligned with relevant requirements. The outputs of this effort include delivering ongoing sensitive data discovery, automated classification and labeling, the application of required sensitive data protections, restrictions on where sensitive data can be stored and sent, and data retention policy enforcement. Merger and Acquisition Data Identification: This offering provides the ability to identify sensitive data within an M&A target or recent acquisition (including locations, amounts, and access rights) and then perform penetration testing on the storage repositories where that sensitive data exists to determine the risk of data compromise. About GuidePoint Security GuidePoint Security provides trusted cybersecurity expertise, solutions and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint’s unmatched expertise has enabled a third of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at www.guidepointsecurity.com.

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Software Security

Trellix and One Source Deliver Industry-Leading Managed Detection and Response Security Services

Trellix | January 22, 2024

Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced an expanded strategic partnership with One Source, a Managed Security Services Provider (MSSP) and technology delivery partner. Customers benefit from a Fortune 500 SOC capability built on the Trellix XDR Platform with AI-guided intelligence, enabling faster detection, investigation, and remediation. Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), today announced an expanded strategic partnership with One Source, a Managed Security Services Provider (MSSP) and technology delivery partner. Customers benefit from a Fortune 500 SOC capability built on the Trellix XDR Platform with AI-guided intelligence, enabling faster detection, investigation, and remediation. “The partnership aligns with Trellix’s ongoing commitment to secure organizations from advanced cyber threats,” says Sean Morton, SVP of Professional Services at Trellix. “Leveraging One Source’s MDR capabilities and expanded footprint, we enable more businesses to build cyber resilience, with continued innovation in our combined products and solution offerings to stay ahead of bad actors.” One Source has multiple SOCs leveraging Trellix’s technology, staffed by the industry’s top experts to provide Managed Detection and Response (MDR) capabilities. Their team implements a proactive cyber strategy for customers specific to industry, technology environment, and vulnerabilities, built on the Trellix XDR Platform with 24x7 monitoring. The partnership and combined expertise benefits customers with enhanced services like managed threat detection and response, incident response, security operations and analytics, threat intelligence, threat hunting and forensics, and training and enablement. “The Trellix and One Source partnership is extremely powerful; the former offers an incredible set of security solutions, and the latter excels at personalized deployment and execution,” said Paul Moline, Chief Information Officer, Lindsay Automotive Group. “I never anticipated we could protect our environment with the same security solutions used by government agencies and Fortune 50 companies: I can now sleep at night.” The Trellix XDR Platform’s open architecture and broad set of native security controls across endpoint, email, network, cloud, and data security integrates with over 500 third-party tools to create multi-vector, multi-vendor event correlation and context to speed up investigations. The Trellix Advanced Research Center provides an additional layer of protection by continuously informing the platform with information from millions of global sensors on the latest threat vectors, tactics, and recommendations. One Source experts apply these insights to stay ahead of the constantly evolving threat landscape. “The collaboration with Trellix is a game-changer in reshaping the cybersecurity landscape,” says Eric Gressel, Executive Vice President of Sales, One Source. “Thanks to our partnership, we have access to the highest level of cyber intelligence to fend off newly-revealed hackers and their means of attack, enabling our customers with the most comprehensive offering of enhanced Managed Security Services to protect their businesses.” One Source has a proven track record supporting global businesses spanning retail, restaurant, automotive, healthcare, financial, and manufacturing industries. Trellix customers can rely on One Source's leading Managed Security Services to optimize technology expenses while enhancing telecom connectivity, IT infrastructure, and cybersecurity strategies. About Trellix Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com. About One Source One Source helps businesses simplify a complex technology world. One Source is the leading provider of Technology and Managed Security Services for enterprises. Today, One Source manages more than 2,500 customers, 45,000 business locations, and over one million assets throughout North America. In addition to Managed Security Services, One Source provides Managed Technology Expense Management, 24 / 7 local helpdesk, procures and provisions telecom & IT solutions, and manages customer service requests. One Source frequently generates triple-digit ROI for customers through contract negotiation, portfolio optimization, and ongoing expense management. In addition, One Source leverages partnerships with industry leaders, including Trellix to bring Fortune 500 security solutions and fully managed services to the mid-market. One Source's approach empowers businesses to focus on customers and revenue-generating activities. Learn more at https://www.onesource.net/.

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Platform Security

Stellar Cyber and Proofpoint Strategic Alliance to Deliver Comprehensive Email Security Solution For SecOps Teams

Stellar Cyber | January 23, 2024

Stellar Cyber, the innovator of Open XDR, announced a new partnership with Proofpoint, a leading cybersecurity and compliance company. Through this alliance, Proofpoint and Stellar Cyber customers benefit from an out-of-the-box integration enabling swift email investigations and real-time response actions to email-driven attacks. Proofpoint Targeted Attack Protection monitors emails to identify suspicious emails and potentially malicious attachments and URLs. Once identified, the findings are shared with Stellar Cyber automatically. Stellar Cyber’s Open XDR platform ingests, normalizes, and analyzes Proofpoint findings and other collected data to deliver a comprehensive threat picture. As security analysts conduct investigations, they can instruct integrated third-party products – including Proofpoint – on corrective actions. “Protecting organizations against email-borne attacks is a top priority, and security teams need a way to automatically correlate threat telemetry across the entire attack surface in order to quickly remediate threats,” said Andrew Homer, VP of Strategic Alliances, Stellar Cyber. “This new partnership with Proofpoint is the latest example of Stellar Cyber delivering on its Open XDR strategy to provide customers turn-key integrations that improve productivity and threat detection.” “Email attacks remain the number one entry point into an organization, and the level of sophistication of these attacks continues to grow exponentially,” said D.J. Long, Vice President, Strategic Alliances & Business Development, Proofpoint. “We’re thrilled to work with Stellar Cyber on this strategic alliance to help customers protect against advanced email-based threats and unify their cybersecurity defense.” Through this alliance, Stellar Cyber and Proofpoint give security teams an advantage over attackers, resulting in the following: Real-time threat signals exchanged for proactive detection Correlation of Proofpoint alerts across the entire attack surface Automated response actions for immediate threat containment About Stellar Cyber Stellar Cyber’s Open XDR Platform delivers comprehensive, unified security without complexity, empowering lean security teams of any skill level to secure their environments successfully. With Stellar Cyber, organizations reduce risk with early and precise identification and remediation of threats while slashing costs, retaining investments in existing tools, and improving analyst productivity, delivering an 8X improvement in MTTD and a 20X improvement in MTTR. The company is based in Silicon Valley.

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Events