Safe Security, a global leader in cyber risk quantification and management (CRQM), was recently recognized by the CISO Choice Awards as the 2022 winner for Risk Management. The annual CISO Choice Awards program honors leaders in key technology and business categories, selected by a board of CISO judges based on their real-world experience. Safe Security’s CRQM platform, SAFE, was specifically designed to assist CISOs in real time by showing them a quantified view of cyber health, financial exposure, and actions optimized to maximize business goals.
Traditional approaches to cyber risk quantification (CRQ) have lacked practicality to drive actual decisions. In response, the SAFE platform enables organizations to predict cyber breaches in their environment while accumulating signals – using APIs – from existing cybersecurity products, external threat intelligence and business context. SAFE offers a comprehensive solution that can be implemented and layered over existing cybersecurity products.
Security’s SAFE platform answers the following needs for CISOs:
- Real time visibility to an increasingly complex IT surface
- A prioritized, ROI-maximizing action plan to reduce likelihood of a cyber attack and financial impact due to a cyber attack
- Converting cyber risk jargon to a business language for the Board and the CEO/CFO
“The CISO’s role is, at its core, is to protect the business and its ability to generate revenue; and they need the ability to lead these discussions with numbers, display a sound business basis for prioritizing and making investments, and measure results that will garner Board and C-suite support for their program to protect the business,” said Saket Modi, Co-Founder and CEO of Safe Security. “We are thrilled for Safe Security to be named the winner of the Risk Management category in the 2022 CISO Choice Awards. We thank the CISO judges for their consideration. Most importantly, we thank our customers for their trust and support in this journey.”
This award recognition comes on the heels of Safe Security’s latest platform updates, having launched the Return on Security Investment (ROSI) Calculator in early October 2022. Using the ROSI Calculator, CISOs, CFOs, CEOs and Boards can, for the first time, measure a return on investment for their cybersecurity programs