CYRISMA just introduced its much-awaited Industry Comparison capability! Like some other popular features released this year, Industry Comparison formed a critical part of CYRISMA’s 2023 roadmap and we’re thrilled that it’s finally available to our partners and customers.
Why Peer Benchmarking is Important in Cybersecurity
Strategizing Based on Data
Knowing how other organizations in your industry are performing in cybersecurity can help you set realistic goals, adjust your strategy to improve your security posture, and understand both the areas of weakness and the strong points in your cyber risk management program. It provides a reality check to companies with inadequate defenses so they can take quick action to set up more effective controls, and validation to those on the right track.
Communicating Cyber Risk Effectively
Industry Comparison metrics are also a good way to communicate cyber risk to non-technical business executives, the board and other stakeholders. Along with risk quantification and monetization data, peer benchmarking is an excellent tool for presenting cyber risk data is an easy-to-understand manner, prioritizing risk mitigation tasks and directing resources to especially worrisome risk areas.
Establishing Focus Areas
Cybersecurity can be complex and many IT teams, especially SMBs and those starting on their cybersecurity journeys, struggle to manage all aspects of cyber risk well. With data about the average cybersecurity performance metrics in your industry, you get a clear idea about what your peers and competitors are focusing on. This can provide direction to less mature security programs, and ideas for improvement to those already at a higher implementation stage.
CYRISMA’s Industry Comparison Feature
CYRISMA’s Industry Comparison capability enables platform users to understand how their Tactical Cyber Risk measures up against others in the same industry. It provides a comprehensive overview of a organization’s cybersecurity posture in comparison to its peers.
Overall Industry Comparison
In the first section of the dashboard, users can view the Overall Industry Comparison, which offers a snapshot of their Tactical Cyber Risk relative to industry averages. Visual representations and key insights help IT and security teams identify strengths and areas for improvement, providing a holistic perspective on their cybersecurity standing.
Four Core Elements
Delving deeper, the Core Elements Breakdown section dissects the organization’s performance across the four critical pillars of our platform: Data Sensitivity, Risk-Based Vulnerability Management, Secure Baseline, and Compliance. By benchmarking against industry standards, organizations receive actionable insights, enabling targeted improvements in specific areas of their cybersecurity strategy.
- Data Sensitivity
- This sub-section presents information about how an organization’s data sensitivity compares to industry standards
- Specific data points and metrics are considered to evaluate data protection performance and help with improvement
- Risk-Based Vulnerability Management
- This is a comparison of the organization’s approach to vulnerability management within the industry context
- It also highlights effective strategies and potential enhancements
- Secure Baseline
- This section evaluates the organization’s adherence to a secure configuration baseline in comparison to the industry average
- It identifies areas where improvements can quickly strengthen secure configuration settings and enhance security posture
- Compliance
- The Compliance section presents an overview of the organization’s compliance status relative to industry norms
- It also includes recommendations for maintaining or achieving compliance standards
The user-friendly interface ensures a seamless experience, with intuitive design and interactive features for easy navigation. You also get recommendations that offer strategies for enhancing Tactical Cyber Risk in each core element based on Industry Comparison results.
The Industry Comparison feature is backed by reliable data sources that ensure accuracy and relevance in benchmarking. As we continue to prioritize innovation, this feature stands as a testament to our commitment to providing CYRISMA users with the tools they need to stay ahead of cyber threats.