Continuous and accurate measurement, monitoring and reporting of cyber risk is not easy. Many organisations struggle to achieve consistent and objective cyber risk measurement and reporting, as well as the amalgamation of contrasting data sources that can be trusted. Risk reporting can also require significant manual efforts, with difficulty selecting the best metrics to measure and report on.
The collaboration between PwC UK and Panaseer can help provide a robust trusted set of metrics, prioritised by risk, and tailored to the technical capabilities and maturity of your organisation. Data can be automatically ingested from existing IT and security systems that enable continuous and accurate capability assessments through proven and pragmatic cyber risk data models. You can also customise pre-built cyber risk dashboards and integrate with existing risk reporting processes and tools, with the availability of an optional risk reporting managed service wrapper.
Panaseer is the first Continuous Controls Monitoring (CCM) platform for enterprise security. They help stakeholders to make informed, risk-based security decisions. In 2020, Gartner recognised CCM as a Risk Management product category in their Hype Cycle and Panaseer is listed as an inaugural vendor.
The Panaseer CCM platform shows every asset, application, user and data set across a customer’s IT estate in real-time. This identifies gaps in controls coverage, aligns security with framework standards and substantiates regulatory compliance.
Their automated reports significantly reduce reporting time and tailor insights to stakeholders at every level, enhancing decision-making from the boardroom to the analyst. These insights can also be mapped to the organisation’s structure, so you can prioritise risk based on impact to the business.
Panaseer’s metric automation enablement is a key synergy point with PwC’s cyber risk reporting platform and risk advisory services.
In addition, we have an innovative and differentiating capability to advise on exec cyber risk reporting focusing on pragmatism and bringing clients through a journey to data-driven cyber risk reporting.