The iRisk Platform by C2SEC is an innovative analytics solution designed to assess and quantify cyber risks in financial terms for enterprises of all sizes, including those in the insurance industry. By integrating patented big data, artificial intelligence, and cybersecurity technologies, iRisk offers a comprehensive approach to third-party security assurance, particularly focusing on Cloud and SaaS environments.
Key Features and Functionality:
- Multi-Layered Risk Assessment: iRisk evaluates over 20 risk components through both non-intrusive security scans and authorized penetration tests, ensuring a thorough analysis of potential vulnerabilities.
- Executive Dashboard: The platform provides an intuitive dashboard featuring alerts, security findings, risk indexes, benchmarks, and trend analyses, enabling effective management of cyber risks associated with numerous third parties.
- Automated Risk Quantification: By leveraging AI and big data, iRisk translates complex cyber risk data into clear financial metrics, facilitating informed decision-making.
Primary Value and Problem Solved:
iRisk addresses the critical need for organizations to understand and manage their cyber exposure efficiently. By offering a detailed, financially quantifiable view of cyber risks, the platform empowers businesses to prioritize security measures, allocate resources effectively, and enhance overall resilience against cyber threats. This proactive approach not only safeguards sensitive data but also supports compliance with industry regulations and standards.