New Version of Risk Fabric® Prioritizes Threats and Vulnerabilities, Deputizes Line-of-Business Leaders and Automates Cyber Risk Management
SAN FRANCISCO—August 29, 2016—Bay Dynamics® unveiled today a new version of its flagship cyber risk analytics platform, Risk Fabric®, that helps companies measure, communicate and reduce cyber risk. Risk Fabric is the leading solution in the market that automatically delivers prioritized threat and vulnerability information based on the value of assets at risk to line-of-business leaders who are responsible for reducing risk to those assets.
“Risk Fabric has proven to be the leading platform in helping large, Fortune 500 companies prioritize and combat insider and external threats to their most valued assets,” said Ryan Stolte, co-founder and Chief Technology Officer at Bay Dynamics. “Now, we are taking the platform one step further. Security practitioners can say ‘goodbye’ to the daunting, manual process of figuring out which vulnerabilities and threats are the most critical and who is responsible for mitigating them. Risk Fabric automatically delivers prioritized cyber risk information to the stakeholders who govern valued assets at risk and are therefore held accountable for reducing that risk.”
Bay Dynamics Risk Fabric provides three critical components of cyber risk reduction. The platform enables companies to optimize their vulnerability lifecycle management. Security teams are overwhelmed by the mountain of vulnerabilities uncovered by a vulnerability scan. Once they determine which endpoints, systems and applications are vulnerable to an attack, they do not know which steps to take next and in what order. As a result, they spend countless hours manually determining who owns the vulnerable asset, the value of that asset if it were compromised and if there is an active threat to that asset. Risk Fabric automatically compiles and sends that information to the line-of-business application owners who govern the assets at risk so that they can be held accountable for patching the associated vulnerabilities.
Risk Fabric collects and analyzes threat, vulnerability and business context data coming from companies’ existing security tools, adds a layer of user and entity behavior analytics and correlates the different data sources to ultimately enable companies to measure and manage their cyber risk. This comprehensive approach helps companies prioritize their vulnerability lifecycle, prevent credential-based threats such as those coming from insiders and compromised accounts, and prevent software-based threats like malware.
Finally, Risk Fabric bridges the cyber risk reporting gap between security executives and the board of directors. According to a recent survey conducted by Osterman Research, 89 percent of board members say they are very involved in making cyber risk decisions and 74 percent say cyber risk information is reported to them weekly. Risk Fabric produces board-ready cyber risk reports that are traceable, trustworthy and actionable so that boards of directors can make informed decisions to reduce risk.
For more information about Risk Fabric, go to: http://baydynamics.com/risk-fabric/
About Bay Dynamics
Bay Dynamics® is a cyber risk analytics company that helps companies measure, communicate and reduce cyber risk. The company’s flagship analytics software, Risk Fabric®, automates the process of analyzing security information so that it’s traceable, trustworthy and prioritized. The platform makes cyber risk everyone’s business – from employees to line-of-business application owners to the board – and actively engages all parties in measurably reducing it. Bay Dynamics enables some of the world’s largest organizations to understand the state of their cyber security posture, including contextual awareness of what their insiders, vendors and bad actors are doing, which is key to effective cyber risk management. For more information, please visit www.baydynamics.com.
Bay Dynamics and Risk Fabric are registered trademarks of Bay Dynamics, Inc. Other trademarks mentioned are the property of their respective owners.