Conversations in Risk-Based Security

Originally written and published by Kevin Howarth of NTSC (NTSC.org)

If a theme emerged in the National Technology Security Coalition’s (NTSC) recent conversation with Aric K. Perminter, Chairman and Founder of Lynx Technology Partners, it’s that CISOs are seeking services and solutions that enable simplification, automation, and integration of strategic, operational, and IT risk management processes and data. As a security visionary and leader, Perminter guided Lynx Technology Partners through its founding in 2009 into a multimillion-dollar information security and risk management company. As chairman of the Board of Directors, Perminter is responsible for formulating and executing long-term strategies and interacting with clients, employees, and other stakeholders. During his 25-year career, Perminter has held a wide variety of leadership positions across key parts of information technology businesses—including serving as Lynx’s CEO through August 2015.

A risk-based determination of whether – and how – to conduct remote assessments of vendors

Expert Contributors:  Angela Dogan, Lynx Technology Partners and Andrew Hout, Shared Assessments

Given how much time and money virtual assessment of vendors can save companies and their third party risk management programs, it may be surprising to learn that cost and convenience should have little, if anything to do, with determining whether a risk assessment should be performed in person or remotely.

An abstract form our highly anticipated MSSP paper, What is the Business Case for MSSP?

The National Institute of Standards and Technology (NIST) advises that similar to financial and reputational risk, poorly managed cybersecurity risk may negatively affect performance and place an organization at risk by reducing its ability to innovate. Decision makers and executives are repeatedly experiencing losses due to their inability to be fully knowledgeable about properly managing cybersecurity risk and complying with guidelines of the established frameworks (such as following some of the key elements of the NIST Cyber Security Framework).

A close look at the reasons companies fail reveals that there are substantial risks that don't typically fall under the purview of most GRC programs. The Forrester Report, Extend Compliance And Risk Management To What Really Matters For Your Business, explores how companies can improve business performance by expanding the fundamentals of their GRC program to the aspects of their company that drive success with customer interactions, which will in turn drive growth and revenue for the company.