Agile Digital Transformation

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Agile Digital Transformation Authors: Liz McMillan, Pat Romanski, Jason Bloomberg, Elizabeth White, SmartBear Blog

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RiskLens: Helping the C-Suite Manage the Economics of Cyber Risk

An Intellyx Brain Candy Brief

Cybersecurity is finally becoming a c-suite and board-level concern. The combination of recent and massive SEC fines and a spate of executive resignations have finally made the point that enterprise executives can no longer see security risk as the sole responsibility of IT. But this realization doesn’t change the fact that most c-suite executives and directors remain ill-equipped to assess or manage this risk.

Startup, RiskLens, aims to help equip the c-suite to close this gap and make better decisions when assessing and mitigating risk at the organizational level. To do so, the company aims to help these executives translate cybersecurity risk into business and financial terms. The company claims to be the only technology built on something called the FAIR model — which stands for Factor Analysis of Information Risk.

The platform enables enterprises to use the FAIR model and combine it with out-of-the-box risk assessment information (loss tables, threat profiles, etc.) and company-specific data collected through a wizard-like interrogation process it calls ‘workshops.’ This process helps organizations identify those assets, threats, and controls, among other information, that are important and relevant to them.

The platform uses this data in combination with the FAIR model to create a comprehensive set of reports and dashboards that help directors and executives answer questions like, “How much risk do we have?”, “Have we reduced risk?” and “What type of loss can we expect?” The ultimate goal of which is to help executives better decide how much to spend on security and where to invest those resources — and to do so in the context of their overall enterprise risk management strategy.

Copyright © Intellyx LLC. Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. To be considered for a Brain Candy article, email us at [email protected].

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More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.