Fintech PR
Safe Security and Booz Allen Hamilton Launch a Next-Generation Integrated Risk Management-as-a-Service (IRMaaS) Offering
SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire/ — Safe Security, a leading provider of cybersecurity risk quantification and management (CRQM) software solutions, and Booz Allen Hamilton (NYSE: BAH), today launched a next-generation Integrated Risk Management-as-a-Service (IRMaaS) suite of offerings. The offerings are designed to enable organizations to continuously monitor and manage cyber risk in the face of ever-evolving cyber threats by leveraging data-driven insights powered by cutting-edge technology and advisory services.
The collaboration combines Safe Security’s AI-powered CRQM platform – SAFE One – which operationalizes the industry-leading FAIR™ CRQ framework with the deep expertise in cybersecurity strategy, risk management, and digital transformation services of Booz Allen’s Global Commercial business. The result is an innovative set of solutions that enable business and security leaders to make objective decisions around how best to protect their organizations from cyber threats by measuring and managing risk in financial terms, based on data analytics of telemetry data and fit-for-purpose risk management frameworks (RMF).
Key Client Benefits:
Through this initiative, clients will benefit from a variety of data-driven services including:
- Continuous Cyber Risk Assessments: Clarity into the top cyber risks impeding cyber resilience and the technical vulnerabilities underpinning them (AI, cyber, 3rd party, etc.)
- Cyber Program Strategy Design and Budget Optimization: Tailored strategies to prioritize and optimize cybersecurity investment strategies using metrics based on financial terms
- Regulatory Compliance and Risk Reporting: Support for clients’ boards of directors and compliance with regulations and requirements such as NYDFS, NIS-2, OSFI, PCI, SEC, etc.
- IRM Program Transformation and Managed Services: End-to-end program design, build, and operational support
- Third Party Risk Management (TPRM): Program Advisory and Managed Services to address supplier-related risks
IRMaaS pilot programs have already demonstrated measurable success, including significant cost savings through automation and optimized cyber defense and risk management strategies.
This collaboration underscores Booz Allen’s and Safe Security’s shared commitment to empowering organizations with state-of-the-art tools and strategies for navigating the increasingly complex cybersecurity landscape. Together, they are setting a new standard for proactive risk management in the digital era.
Quotes from Leadership:
“Collaborating with Booz Allen’s Global Commercial business allows us to combine our technological innovations with their approach to cybersecurity as a business-enabling function, delivering a powerful suite of solutions to meet the complex cyber risk management demands of today,” said Saket Modi, CEO of Safe Security.
“We are excited to collaborate with Safe Security and deliver this transformative solution,” said Michael Vallone, Global Director of Cyber Risk Solutions in Booz Allen’s Global Commercial business. “Together, we are addressing the pressing need of organizations to strengthen their cybersecurity and risk management programs to improve operational resilience against emerging threats with accuracy, precision, and speed through high fidelity decision support.”
About Safe Security
Safe Security is the leader in AI-driven cyber risk management. It has redefined cyber risk measurement and management with its real-time, data-driven approach that empowers enterprise leaders, regulators, and cyber insurance carriers to understand cyber risk in an aggregated yet granular manner. The recent acquisition of RiskLens brings together the power of the world’s most advanced cyber risk analytics model (FAIR), supported by practitioners in over 50% of Fortune 500 companies, with the world’s most advanced AI-fueled Cyber Risk Cloud of Clouds, processing over three billion signals a day.
Visit safe.security and follow us at @SafeCRQ to learn more.
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