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Workato Enterprise Key Management to Guard Data

Workato Enterprise Key Management feature provides customers in highly regulated industries with control, compliance, and flexibility over their encryption keys and data within the Workato platform. Workato launched the Enterprise Integration Platform as a Service (eiPaaS) vendor that allows customers to bring their own keys to encrypt data, adding an extra layer of assurance and protection. It is critical to meet the demand for enterprise-scale capabilities that provide an even higher level of security. For security-conscious or regulated organizations that require full control and visibility over the data stored in their enterprise automation platform.

Manoj Parakkal, Salesforce Center of Excellence Lead and Senior Architect at MGM stated, “Workato EKM allows organizations like ours in highly regulated industries to take a more customized approach to how we encrypt data & logic in Workato by using our own keys. This is a critical requirement of any software we use at scale and we’re happy to see Workato’s leadership as the only integration or automation vendor offering support for EKM.”

Workato has taken the required steps to make data more secure for all customers by deploying new encryption algorithms. Workato EKM gives businesses control over their data. Customers can use their own encryption keys, which are stored in services such as Amazon Web Services (AWS) Key Management Service (AWS KMS). This adds an extra layer of security, allowing privacy-conscious organizations to safely move data between applications and complete automated workflows with Workato. Workato access is extremely granular. Security teams have complete control over each Workato user’s level of data access.

Girish Pai, Global Head of Intelligent Automation Practice at Cognizant said, “One of the reasons we partner with Workato is that they take great care to secure the data both in the Workato platform and across the thousands of applications customers integrate and automate with. The announcement of Workato EKM continues that commitment to security by allowing highly regulated institutions an even deeper level of customization and control over their data.”

Jayesh Shah, Senior Vice President, Global Solutions Consulting and Operations at Workato commented, “We are excited to bring Workato EKM to our customers as data security will only continue to grow in importance for organizations of all sizes. I hear about the impact that wall-to-wall enterprise automation makes on our customers every day, and I’m thrilled to see more and more highly regulated industries begin to take advantage of automation.”

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CoSoSys Endpoint Protector Improves Enterprise Data Security

CoSoSys has released Endpoint Protector, introducing a host of new features, including Advanced Content Discovery.

Endpoint Protector allows organizations to develop more targeted data protection policies, reduce misconceptions, and deal with the growing complexity of their mixed workplaces.

With Advanced Content Access Rules, regulators are able to formulate more powerful policies. In Endpoint Protector, it is possible to define complex content scanning conditions. This includes combining multiple terms (such as PII, dictionary words, and common expressions) using logical characters (AND / OR), as well as the ability to apply rules for finding content for specific file types only (such as text files, Excel files, and more.).

Endpoint Protector also introduced a new integration with Okta SSO to direct and automate the process of managing user accounts, information, and rights in third-party systems.

Roman Foeckl, CEO and Founder of CoSoSys, said, “The latest version of Endpoint Protector comes with advanced capabilities to help our customers strengthen and simplify data security. With new features and integration, we want to empower businesses to stay afloat before safety risks and help them stay productive and focused on their work.”

NetSPI’s Penetration Testing and Vulnerability Management Platform now includes risk scoring

NetSPI, the industry leader in organizational penetration testing and attack surface management, has added risk scoring to its ResolveTM vulnerability management and penetration testing platform. NetSPI’s risk score intelligence in combination with Penetration Testing as a Service (PTaaS) assists clients in prioritizing, managing and remediating the vulnerabilities that pose the highest risk to their firm.

NetSPI’s new risk scoring features dynamical  integration into PTaaS to deliver both a detailed vulnerability risk score and an aggregate risk score for a firm’s projects, assets, apps, and networks. NetSPI customers who use its penetration testing services have access to risk scoring. NetSPI clients can safely dedicate funds and resources to the most critical vulnerabilities by using risk rating.

The risk scores are used as a quantitative assessment for risk reduction over time, validation of cybersecurity expenditures, resource allocation, and benchmarking in the industry. With NetSPI’s risk score, organizations can appropriately prioritize vulnerability patching by taking into account business context and the threat landscape.

“There are varying approaches to assigning vulnerability severity, but risk today extends far beyond individual vulnerabilities. The key is to recognize the risks most likely to disrupt the business, identify the threats that would increase those risks, and prioritize the most appropriate mitigations to protect your organization from those threats. NetSPI’s risk scoring does just that,” said Jake Reynolds, Head of Product at NetSPI.

“Reactive cybersecurity is a thing of the past. Security leaders must get proactive and take a risk-based approach to stay ahead of today’s adversaries. Our risk scores enable NetSPI clients to make proactive security decisions based on their unique risk factors. In other words, it allows them to confidently allocate budget and resources to the vulnerabilities that matter most,” said NetSPI President and CEO Aaron Shilts.

Integrated Risk Management Platforms – All You Need to Know

Defining risk

A risk is defined as “the potential for loss due to uncertainty” or “the possibility of something bad happening due to lack of security”.

From these definitions, we can safely incur, that to reduce risk, organizations should not only be extremely risk-aware, but also have impeccable security measures in place. In order to make organizations guarded from various types of risk, (Material/Physical Risks, Cyber Risks, Reputational Risks, Legal Risks, or Operational Risks) there are several measures that can be put in place – one of them being ERM or Enterprise Risk Management.

ERM is the practice of analyzing potential risk and creating a plan to control risk-eliminating activities. It helps view risks from a bird’s-eye view – at an organizational level – and create strategies that ensure mitigation of risk.

However, with the digital revolution unfolding, information/data dependency has drastically increased. This also means that the IT or Cyber-risks are rapidly evolving and call for a comprehensive methodology to deal with them.
Integrated Risk Management (IRM) specializes in handling the risks prevalent in an organization’s technological infrastructure. While it still includes multiple elements of Enterprise Risk Management, it takes a more polished, all-encompassing approach to risk management. It equips an organization to acknowledge, understand, and curb their distinct risk scenarios.

The correct implementation of IRM is highly dependent on an organizations’ risk-awareness and ability to –
  • Create and implement governance, risk assessment, and risk ownership framework.
  • Identify upcoming risks internally and externally.
  • Create and implement a response strategy.
  • Continuously monitor business objectives, update governance policies in accordance with goals, remain updated on new types of risks and threats, and comply with regulations.
  • Adopt the correct IRM solutions to build a strong and unified risk management architecture.
What are Integrated Risk Management Platforms?

Traditionally, GRC (Governance, Risk, and Compliance) Platforms took a siloed approach to risk management. This often led to negligence of important details and increased vulnerabilities.

GRC Platforms helped manage –

  • Governance – The framework of rules and guidelines that create a foundation for all business practices.
  • Risk – The possibility of an organization facing losses due to negligence, breach, non-compliance, or poor governance.
  • Compliance – Following the framework of rules established to ensure governance and reduction of risk.

As time has passed, GRC platforms have morphed into being more flexible, less siloed platforms. They now view risk management as a whole – with governance and compliance being an integral part of the risk management process. These evolved Governance, Risk and Compliance (GRC) Platforms are now known as Integrated Risk Management (IRM) / Centralized Risk Management (CRM) Platforms.

Integrated Risk Management Platforms help organizations cope with their ever-increasing risk management needs. The various functionalities of IRM Platforms are listed below –
  • Manage risks across data security, cyber security and compliance areas spanning across various locations or sources.
  • Standardize risk assessment methods and risk management frameworks across siloes to unify risk management practices across business functions.
  • Provide visibility into threat exposure, risk interconnections, vulnerabilities and their impact on overall security measures.
  • Create an internal audit process to provide specialized risk assessments and insights.
  • Create a tracking framework dependent on business policies to make compliance and data usage ethics stronger. This tracking also helps locate and remedy violations.
  • Store all the data required to monitor risks securely on a centralized database.
  • Create risk libraries that catalog the most critical risks and provide accurate and actionable data pertaining to the threat history for an organization.
  • Analyze risk-related data and present comprehensive reports with heat maps, risk summaries and risk-control dashboards.
  • Automate risk management tasks, deliver reminders and record events.
  • Highlight compliance related risks through continuous monitoring and real-time updates.

Apart from these, IRM systems can also manage end-to-end third-party risk assessments by reaching out to external databases and gathering information continuously to help organizations mitigate risks.
Integrated Risk Management Platforms are advantageous because they help organizations to reduce the manual labor that goes into ensuring information security for an enterprise. Additionally, there are multiple other advantages that automating risk management can bring.

  • Identify and analyze risks at the organizational level and create a strategic plan for risk management.
  • Execute risk management and compliance policies.
  • Speed up decision-making by providing a comprehensive list of the risks and pain points involved.
  • Create a bridge between the planning and execution of governance and compliance policies.
  • Become and remain risk-aware and proactive in risk management.