Automated assessments in less time
CyberCompass ™ brings automation to cyber security assessments required with merger and acquisitions. With the increasing cyber exposure due to cyber crime and new regulations, many law firms are seeking automation to provide more comprehensive assessments in less time compared to traditional times.
It was recently reported that Marriott faces fines of $123 million due to not meeting GDPR regulations. The United Kingdom Information Commissioner’s Office (ICO) said its investigation found that Marriott “failed to undertake sufficient due diligence when it bought Starwood and should also have done more to secure its systems.” (read full article here)
“We want to better equip the legal, insurance and financing industries with better tools to assess cyber risk as they complete their due diligence, “ stated Robert Felps CEO of Third Rock, the company that developed CyberCompass™. “We have been working with various law firms to develop CyberCompass ™ to deliver quick, complete cyber assessments.”
The software can be used to evaluate the acquisition target’s cyber security programs, industry compliance standards such as HIPAA, GDPR, CIS-20, NIST-171 as well as a complete set of comprehensive vulnerability scans to determine cyber risk.
CyberCompass™ automatically generates a Risk Register that prioritizes the cyber security issues and provides corrective actions to improve cyber security and compliance with people, processes, and technology. It has built in capabilities to generate audit ready reports, risk management plans, and incident response plans.
CyberCompass™ automation bridges the gap between cyber security, compliance and cyber risk management. Most companies focus on technology security and compliance without ways to gain insight to the people and process compliance beyond the spreadsheets. CyberCompass™ identifies and closes the gaps that may exist in many organizations due to silos, lack of expertise, or lack of resources. “It can provide the complete picture of cyber risk and provided the assurance for the due diligence process quicker and more affordable,” stated Felps.
Does your firm need a better tool to assisst your clients? CyberCompass is looking for partners who are ready to take the next step in risk management. Contact us today for more information.