LogicGate Enhances Risk Cloud® with Cyber Risk & Controls Compliance Solution
New offering empowers enterprises to assess cyber risk, quantify business impact and prioritize mitigation
CHICAGO, Nov. 29, 2022 /PRNewswire/ -- LogicGate, creator of the transformative risk and compliance management platform Risk Cloud®, has launched its Cyber Risk & Controls Compliance Solution, empowering IT and risk leaders to visualize, understand and optimize their cybersecurity posture. LogicGate's unmatched solution enables cyber teams to translate cyber risk into financial impact, prioritize cyber risk response and resource allocation, and seamlessly connect their cyber risk management and enterprise risk management programs.
The average data breach cost for organizations globally hit an all-time high of $4.35 million in 2022. Enterprises now face exponentially growing cyber vulnerabilities and threats, escalating regulatory requirements and rising cyber insurance expectations, making cyber risk management more complex and essential to business than ever.
"Cyber risk is the enterprise risk blind spot of far too many businesses. In today's rapidly changing environment, you can't manage enterprise risk if you're not managing cyber risk," said Jon Siegler, Chief Product Officer at LogicGate. "With this new comprehensive offering, LogicGate customers can embed cyber risk mitigation in their holistic GRC strategy, approaching cyber risk as a united front. By leveraging our powerful risk quantification capabilities within their cyber risk programs, our customers will offer decision-makers a complete picture of their cybersecurity posture using the language of the business — money."
LogicGate's Cyber Risk & Controls Compliance Solution offers:
Join LogicGate's "Straight From a CISO: 4 Cyber Risk Priorities in 2023" webinar on Dec. 15 with LogicGate Field Risk Officer Chris Patteson to learn how CISOs use the Cyber Risk and Controls Compliance Solution to turn risk into a strategic advantage.
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