Thursday 9 August 2018

New Unisys service assesses financial cyber perils

KUALA LUMPUR, Aug 9 (Bernama) -- Unisys Corporation just launched Unisys TrustCheck at the Black Hat USA 2018 conference in Las Vegas, which is a new service that draws on the strength of an analytics model used in the cyber insurance industry to quickly and easily assess the potential financial impact of cyber hazards.

"With TrustCheck, Unisys is fundamentally transforming the cyber risk conversation, enabling organisations to align security initiatives with business strategies," said Unisys security solutions vice president, Jonathan Goldberger.

"TrustCheck translates cybersecurity data into financial metrics such as expected loss or return on investment, and empowers security professionals to make better risk management decisions based on business priorities,” said Goldberger.

TrustCheck is delivered as a managed service on an annual subscription basis, giving security professionals constantly updated information on their organisations' cybersecurity posture and recommended steps for remediation, a statement said.

It is powered by X-Analytics, a patented cyber risk analytics model which has been used by cyber insurance companies to underwrite billions of dollars' worth of cyber risk insurance, translating cybersecurity metrics into business metrics.

TrustCheck enables organisations to assess cybersecurity and cyber risk posture in economic terms, determine the likelihood of a cyber-related financial loss, analyse the return on investment of cybersecurity investments and identify risk transfer zones for all cyber perils.

The service also allows clients to have ongoing access to risk dashboards to review their cybersecurity stance. Unisys will review the dashboards with clients on a monthly basis to discuss how to adapt to new threats and shifting priorities.

Unisys is a global information technology company that builds high-performance, security-centric solutions for businesses and governments. For details, visit www.unisys.com.

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