Organizations face a plethora of challenges in the modern digital world, including managing new and outdated technologies, staying compliant with regulations, and satisfying board expectations, in addition to sophisticated cyber threats. All of these demands, including ensuring compliance with multiple standards and mitigating cyber risks, fall under the purview of the CIO’s responsibility. Keeping up with everything is a difficult task that frequently seems unattainable.
Elon Kaplan, Ph.D., CEO and Co-Founder of Cytegic, emphasizes that we are all inhabitants of a hybrid world where the digital realm is an integral part of our lives. Just as we need to learn how to safely navigate the streets, we must also understand how to conduct ourselves in the digital world. The digital revolution has already taken place, and it is our responsibility as business leaders to quickly adapt to this new reality.
One unique offering from the company is the Automated Cyber Risk Officer (ACRO), which continuously assesses the cyber risks facing an organization, provides advice on effective risk mitigation techniques, and includes an easy-to-use financial impact tool.
ACRO offers a valuable and user-friendly cloud-based or on-premise automated solution that streamlines risk reduction planning and delivers tangible results with significant value and financial impact. ACRO’s scientific methodology ensures comprehensive oversight of digital-related risks throughout the entire organization.
Kaplan states that Cytegic’s ACRO offers top-notch cyber risk management in the industry with unparalleled precision, flexibility, and ease of use, thanks to its advanced patented technology.
ACRO assists companies in identifying appropriate defensive measures for their operations, while also aiding in the allocation of resources based on risk tolerance and business strategy.
With a big-data analytical system that uses patented methods and algorithms, ACRO can compute multiple correlations between threat vectors and defense vectors at any given time.
Organizations can benefit instantly from ACRO by reducing overhead, resource, and time costs. The ability to leverage their most valuable assets, however, is the biggest advantage. Moreover, unlike periodic editions, their solutions let users generate compliance and standards reports whenever it’s convenient for them. After ACRO is implemented, according to Kaplan, it can send out alerts if the organization’s cyber risk goes above a certain level.
It is important to highlight a specific instance in which a medium-sized bank was debating whether to deploy a CRM solution and comparing cloud-based vs on-premise options. This is a common conflict between those who value security and those who prioritize business.
After implementing ACRO, the CISO successfully replicated the risk assessment of CRM on cloud versus on-premise. Within a week, they collaborated with the business team to deliver a securely deployed CRM in the cloud. This achievement positioned them as one of the pioneering banks to embrace the next generation of cloud-based CRM utilization.
Cytegic is presently developing a streamlined edition of the system, specifically designed for small and medium organizations who have previously felt excluded. This new version will enable numerous new users to swiftly and effortlessly conduct maturity and risk assessments, along with simple compliance assessments. They will no longer be required to undergo lengthy deployment and auditing procedures.
The organization is additionally developing an artificial intelligence framework for budget optimization in remediation planning. This system constructs alternative plans based on customer rules and requirements, aiming to maximize the value achieved at each stage and for the final outcome.
The organization is additionally developing an AI framework for budget optimization in remediation planning. This system constructs alternative plans based on customer rules and requirements, aiming to maximize the value achieved at each stage and for the final outcome.
Company Name – Cytegic
Website – cytegic.com
CEO – Elon Kaplan
