Challenge:
A mid-sized financial services firm continued to assure regulators and clients that it maintained “reasonable” cybersecurity controls. Behind the scenes, however, the executive team struggled to make sense of the complex technical risk reports and maturity scorecards generated by their conventional GRC platform. While the cybersecurity team understood the jargon and control checklists, the executive team didn’t feel like they had an accurate assessment of their true risk exposure. The disconnect between business leadership and technical teams undermined their ability to demonstrate effective governance and left them vulnerable to regulatory scrutiny, compliance failures, and eroding client trust.
Solution:
The company brought in Reasonable Risk to bridge the gap between technical assessments and business-level decision-making.
Outcome:
Within just a 60-day period, Reasonable Risk delivered clear, business-aligned executive reporting, providing all stakeholders with a new level of clarity into the firm’s diverse risks. For the first time, leadership has a clear view of what “reasonable” looks like in practice. They now feel they have the information to confidently make informed decisions, prioritize investments, and demonstrate due diligence to regulators and stakeholders. Thanks to Reasonable Risk:
- Executives gained clarity on their risk posture.
- Regulatory confidence increased.
- Risk decisions became aligned with business strategy.
The organization could now show measurable progress toward reasonability.
Executive leadership now has full confidence in the company’s security posture and can accurately assess both current controls and future security needs. Meanwhile, the security team has gained the executive support and alignment that they’ve long needed to be effective.
Contact us to schedule a Reasonable Risk Demo, or reach out to our integration partner, HALOCK Security Labs for more information on CIS RAM and/or DoCRA.