Understanding Cyber Risk Management
Benefits of a Cyber Risk Program
Risk Mitigation
Business Continuity
Regulatory Compliance
Enhanced Reputation
Statistics on Risk Management and Data Breaches
Cyber Risk Management Key Takeaways
Importance of Cyber Risk Management
Essential Investment
Benefits of a Cyber Risk Program
- Risk Mitigation: Helps identify and prioritize threats, allowing for effective controls to be implemented.
- Business Continuity: Reduces the likelihood and impact of security incidents, ensuring uninterrupted operations.
- Regulatory Compliance: Ensures adherence to industry regulations, avoiding fines and penalties.
- Enhanced Reputation: Demonstrates strong security practices, building trust with customers and stakeholders.
Impact of Cyber Risk Management
- Organizations with mature cyber risk programs experience lower costs in data breaches.
- Having an incident response team and formal processes can save an average of $2.1 million per breach.
- Deploying security automation technologies can reduce breach costs by 25%.
Customer’s Rated Foresite Cybersecurity's ProVison Platform 4.9/5 Stars
Recognized for Customer Trust and Satisfaction
"They are proficient at everything they have worked on for me. The client is very satisfied with the work that the team has done so far. They have no complaints about the quality of work and the level of service they provide."
"Foresite completed their tasks as scheduled. The client then hired a third-party service provider to conduct a penetration test to verify network security. Moreover, the Foresite team impressed the client with their extensive knowledge of cybersecurity and how to protect their networks and servers."
"Foresite’s efforts have exceeded expectations; they achieve deliverables and keep initiatives moving forward. THey also provide advice on complicated topics and communicate effectively through in-person meetings. Overall, they're outstandingly timely, knowledgeable, skilled, and forward-thinking."
"Foresite offers proactive notification, detection, and remediation of security events, freeing the client's IT staff to focus on their day-to-day duties. The team is on top of work and provides individual attention to the client. Foresite offers effective project management and is responsive."
"Foresite has partnered with us to help manage our Overall Security Posture. We've been impressed by their professional and personable service."
"Foresite provided great service during onboarding and ongoing support. We really like the fact that the team is down to earth, understands our issues, and has great product knowledge.
"I would not hesitate to recommend the Provision platform and the Foresite team. It's evident that the Foresite team collaborates on behalf of their clients and treats all our inquires thoughtfully."
