How do you

measure, manage, and

mitigate cyber risk?
Executive
Summary

Increasing Cyber Business Impact of

Threats Cyber Threats
As businesses continue to invest in digital Cyber risk is now a board-room concern. With
transformation and base their business models cyberattacks disrupting business continuity,
on technology, cyber threats only become they pose a direct impact on the top and
more imminent. As cyber attacks are becoming bottom line of an organization’s balance sheet.
more sophisticated, they are also costing Today, cybersecurity risk is a part of the overall
businesses more. enterprise risk management strategy.

The Cost of Data Breach Report, 2021 report an The 2021 Verizon report indicated that upwards
average loss owing to a data breach as $4.62 of 61% of breaches involved leveraged
million. In such a volatile environment, a robust credentials. The most impacted business areas
cyber security plan is essential to a business’s after a security breach are operations and
survival. It enables organizations to make better brand reputation; followed by finances,
decisions, improve their cyber security risk intellectual property, and customer retention.
posture, mitigate the consequences However, at this point in time, security and risk
proactively, gain visibility into their threat management leaders need sound data
landscape and more importantly, improve their science-driven decisions and not more
cyber resilience. dashboards.

What are the challenges with traditional cybersecurity

approach?
Cyber attacks are continually on the rise in frequency, sophistication, and expense; it’s not a matter of if,
but when, a cyber attack will impact your company. Traditional methods of managing cyber risk, however,
are siloed, reactive, and lack a business context. A firewall tells you only about network security, antivirus
products tell you only about endpoint security, and a SOC alerts you to a cyber incident only after it has
occurred. In addition, the Board needs to know cyber risk in a language that they understand. Instead, they
are provided with 600-page long reports in bits and bytes. This does not encourage a cybersecurity
strategy that is truly proactive.

You cannot mitigate what you do not measure. Businesses need to consolidate all cybersecurity signals,
and apply data science principles to produce actionable insights and quantified risk postures at various
levels- people, process, and technology for both first and third parties. This holistic analysis will give leaders
the transparency and context they need to measure, manage, and mitigate their cyber risk.

02
The new approach of
Executive
looking
Summaryat cybersecurity!

Cyber risk is everyone’s responsibility

Today, the delegation of risk decisions to the IT team cannot be the only solution and has to be a shared
responsibility. The board and business executives are expected to incorporate the management of cyber
risk as part of their business strategy since they are accountable to stakeholders, regulators, and
customers. For the CROs, CISOs, and security and risk management professionals to be on the same page,
there has to be a single source of truth for communicating the impact that cyber risk has on business
outcomes, in a language that everyone can understand.

This is where Cyber Risk Quantification becomes a game-changer. There is a need for a solution that
integrates with the entire security stack and gives a measurable. It aids senior management to make
real-time, data-science-driven cybersecurity decisions.

Continuous Assessment of Objectivity and simplicity

cybersecurity is the need of should be at the core of your
the hour cybersecurity strategy

Compliance and government guidelines Cybersecurity posture cannot be represented

mandate the move to go beyond periodic by lengthy reports alone. It needs to become
assessments and into continuous monitoring of objective and help decision-makers truly
sensitive and critical information. In such a understand the risk posture and the financial
situation, security leaders are often unable to impact an organization faces. Executives can
quantify the maturity of the Information get overwhelmed with excruciating details from
Security measures deployed in the multiple tools or people. Cybersecurity needs
organization. Continuous Assessment of to be free from IT jargon to enable the
cybersecurity lets an organization prioritize the boardroom to have a clearer view of the risk
key focus areas across their Critical Assets and posture, thereby facilitating data-driven and
most vulnerable technology verticals. This informed decisions. Security leaders can now
ensures that adequate measures towards rely on a simple yet comprehensive score that
holistic cybersecurity maturity are adopted can be leveraged to track and build effective
throughout the organization. cybersecurity initiatives.

03
 Executive
SAFE Approach
Summary
The Security Assessment Framework for Enterprises (SAFE) attributes an enterprise-wise, unified, objective,
and real-time score which empowers organizations to measure, manage and mitigate cyber risk in
real-time. Designed from the ground up with simplicity, standardization, and compliance guidelines in
mind, SAFE provides a quantitative dimension to cyber risk management. The SAFE score ranges from 0.00
to 5.00 and represents the breach likelihood of an organization and the financial impact of a data breach.
SAFE’s data-science-backed recommendation engine provides prioritized actionable insights across five
vectors.

Our 5 vector approach

Safe Score: Effectiveness & Capability Maturity
PEOPLE Breach Likelihood per Employee, Hybrid Asset, LoB/Crown Jewels and
Driving the Security Culture 1st/3rd Parties with 5-level CMMC Mapping of 17 Domains

POLICY $ RISK & CYBER INSURANCE

Cybersecurity Intent & Governance Analyse $ risk you are sitting on and how your cyber
insurance value can vary based on your SAFE Score

TECHNOLOGY CONTINUOUS COMPLIANCE

Resiliency of your Hybrid Tech Stack How comprehensive is your cybersecurity
compliance coverage

ATT&CK & HACK SIMULATION

CYBERSECURITY PRODUCTS ATT&CK Matrix and a simulation of recent Hacks to
Cybersecurity Controls Framework & Tools view how SAFE you are?

THIRD PARTY REPORTING & ACTIONABLE INSIGHTS

Continuous Third Party Risk Management (TPRM) View what’s going well and what and where can controls be improvised

People Policy
Our proprietary zero-permission web and Policies wrap around the entire digital
mobile application and SAFE map your infrastructure to safeguard the security hygiene
enterprise’s overall risk from accidental and encompassing all functions in an organization.
malicious insider threats in real-time. It With over a decade of experience, we have
aggregates data from IP addresses, curated a vast repository of over 40 policies
applications, device configurations, leaked broken into 4500 controls derived from globally
credentials on the deep and dark web, and the accepted compliances such as ISO, NIST, HIPAA,
cyber awareness level of each employee. PCI DSS, and others. Continuous compliance
Ultimately, SAFE correlates the information with management with breach likelihood score is
the cybersecurity products and company-wide contextual for external and internal audits and
policies deployed in your estate to give a true the relevant stakeholders.
sense of the riskiest employees.
04
Executive
SAFE Approach
Summary

Technology Cybersecurity Products

SAFE covers your entire technology stack There is a cybersecurity product for every niche
on-premise and on-cloud. It includes all your requirement of an organization. Investing in,
applications, cloud assets, databases, network using, collecting, and analyzing the ‘relevant’
and security nodes, endpoints, etc. It assesses information becomes a time-consuming task
the cybersecurity posture of each asset based for security teams. SAFE assesses the
on CIS benchmarks for configuration, the efficiency and effectiveness of your
National Vulnerability Database, and ATT&CK cybersecurity products. It acts as a unified
MITRE framework for threat intelligence from dashboard that sifts through the already
internal and external sources. This gives a existing data and gives you a real-time holistic
real-time picture of how secure your view of your cyber risk. SAFE suggests
technology stack is and where your must-have and good-to-have products based
organization’s weakest link is. on your organization’s geography, industry, and
size.

Third-Party
SAFE combines data from external questionnaire-based third party risk assessments and its native
outside-in scans with a unique inside-in view of the cyber risk posture of your organization due to third
party cybersecurity lapses. SAFE can automatically scan all your third parties (and your vendor’s vendors
- nth party) to provide mitigation strategies to reduce your organization’s breach likelihood. SAFE provides
a 360-degree cyber risk evaluation in real-time.

SAFE Use Cases

Technology Risk Workforce Risk Third Party Risk

Quantification and Quantification and Quantification and
Management Management Management

05
How does SAFE
Executive
measure
Summary cyber risk?

SAFE scores and provides actionable insights as an outcome

Reputation Regulatory Financial

Risk Risk Risk

● Overall SAFE Score for the enterprise and the $ impact ● SAFE Score for Employees

● SAFE Score for Business Units / Crown Jewels ● SAFE Score for Third-Party and nth party

● SAFE Score for Technology (on-cloud and on-premise) ● SAFE Score for Compliance Management

● SAFE Score for Policies / Processes ● SAFE Score for Custom Asset Groups

SAFE Scoring Model Integrated

SAFE removes siloes from your cybersecurity
program and provides one score that matters
“Likelihood of Breach” is a direct function of
across all vectors.
cyber risk across people, processes,
technology, and third parties. The SAFE score
is, therefore, a function of breach likelihood at Proactive
the macro (organization) and micro levels (per SAFE enables proactive methods to measure,
employee, policy, and asset). Suggestions from manage, and mitigate cyber risk before a
subject matter experts (SME) are taken into breach happens.
consideration while selecting inputs for the
scoring model and information which satisfy Contextual
the following criteria: SAFE takes the guesswork out of cybersecurity
by translating cybersecurity risk to a language
that the board understands - $ value at risk.

06
In the SAFE Scoring model, the SAFE scores are provided at the following levels

Macro Level Micro Level Overall Level

SAFE Score with SAFE Score per Overall SAFE Score is

confidence metric employee the function of
for a group of enterprise-wide
employees breach likelihood.
SAFE Score per asset

SAFE Score with

confidence metric SAFE Score per
for a group of policy
policies

Expected Loss

The overall risk (expected financial loss) an

organization faces is a direct function of breach
likelihood & breach impact (based on extensive
study of average breach cost). The overall
likelihood of a breach is used as an input in
Poisson distribution to calculate the Breach
Frequency Distribution. Poisson distribution is
popularly used in:

● The insurance industry to estimate

the claims count
● The eCommerce industry to estimate
the number of sales in a given time
period

07
The breach frequency distribution and breach impact inputs are combined using
the Monte-Carlo simulation to get an expected loss or the risk the company is
facing.

Likelihood of Likelihood of Likelihood of Likelihood of

breach from breach from breach from breach from
Workforce Process Technology Third Party

Overall Breach Lower Bound and

Livelihood / Safe Upper Bound of
Score Breach Impact

Expected $ loss
(Risk)
SAFE benefits &
Key highlights

Become proactive: Use data science Improve efficiency: Know the ROI of your
backed risk prediction engine to know cybersecurity investments. Automate
which threats are most likely to cause a cyber risk management and eliminate
data breach - measure, manage and the manual monitoring of multiple
mitigate risks before breaches happen. applications & platforms.

Remove silos: Get real-time view of your Prioritize actionable insights: Redirect
cyber risk across people, processes, your finite resources to accept, mitigate
technology, cybersecurity products, and or transfer the risk based on your cyber
third parties. Get the one score that risk appetite. Revisit your cyber insurance
matters in cybersecurity. coverage to secure fair premiums.

Contextualize cybersecurity
communication: Get board-ready
reports and the financial impact of a
data breach. Communicate cyber risk in
a language the board understands.

09
www.safe.security | [email protected]

Palo Alto
3000, EI Camino Real,
Building 4, Suite 200, CA
94306