DATA SECURITY

CFGI and SecurityScorecard Collaborate to Provide Security Rating Monitoring as a Service

CFGI | May 26, 2021

CFGI, a leading provider of Accounting Advisory, Cybersecurity and IT Risk Advisory solutions, and SecurityScorecard, the worldwide leader in cybersecurity ratings, today announced a new partnership to streamline and strengthen how organizations manage their cybersecurity and third-party risk through the use of Security Ratings.

CFGI has partnered with SecurityScorecard to non-intrusively evaluate an organizations' cybersecurity using an 'outside-in methodology. This approach enables CFGI to monitor and update the cybersecurity ratings of our clients in a very continuous manner. With these cybersecurity ratings and the extensive information on which they are based, organizations are presented with valuable information for assessing compliance with industry-leading cybersecurity risk standards.

As a SecurityScorecard managed security services provider (MSSP), CFGI will be delivering industry-leading cybersecurity ratings to clients to enhance their security posture, ensure adherence to regulatory requirements, and continuously monitor third-party risk. This partnership comes at a time when risk and compliance teams are experiencing unprecedented pressure to successfully manage their own and third-party risk, due to changing regulatory requirements, higher numbers of vendors, and more pressure from the board of directors. Heightened regulatory scrutiny has created the necessity for next-generation solutions to assist organizations in better manage the risk posed by their business partners. With the partnership between CFGI and SecurityScorecard, organizations can now be aware of cybersecurity gaps and advised on what is needed to fill them.

What value do CFGI clients receive?

• Technical dashboards and detailed reports with your most critical risk factors.

• Easy-to-read board-level reports and workflow tools for cybersecurity assessments.

• Risk remediation advisory services by CFGI, whose experts work closely with your technology teams or third parties.

• Ability to view your historical vulnerabilities and threats for continued improvement.

• Ability to quantify and demonstrate your return on security investments.

• Ability to benchmark your cybersecurity current state against industry peers and competitors.

About CFGI

CFGI, a portfolio company of The Carlyle Group, is a highly specialized financial consulting company that supports the office of the CFO with all its accounting, finance, risk management, and digital transformation needs. As an extension of your SOX, internal audit, corporate finance, or cybersecurity team, CFGI can serve in a variety of capacities – from technical accounting or finance transformation advisor to IPO and M&A support to controller or CFO.

Spotlight

49% of CEOs surveyed said that a cyber-attack is now a case of ‘when’ instead of ‘if’. 76% of security breaches are financially motivated which include cryptocurrency demands. 60% of small and medium-sized businesses say attacks are becoming more severe and more sophisticated. $2,235,000 in average costs for small and medium-sized businesses were due to damage caused by cyber-attacks in 2017.

Spotlight

49% of CEOs surveyed said that a cyber-attack is now a case of ‘when’ instead of ‘if’. 76% of security breaches are financially motivated which include cryptocurrency demands. 60% of small and medium-sized businesses say attacks are becoming more severe and more sophisticated. $2,235,000 in average costs for small and medium-sized businesses were due to damage caused by cyber-attacks in 2017.

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Vulcan Cyber to Introduce Risk Scoring Platform for Businesses

Vulcan Cyber | June 19, 2021

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RevBits to Become a Member in Forbes Technology Council

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