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Threat βeta and Supply Chain Security
There has never been a more important time to evaluate the digital resiliency of an enterprise. What is its capability to withstand and operate through a threat or a verified incident? Unfortunately, modern digital networks are seldom built with resilience in mind. In an increasingly connected world, this risk is simply unacceptable and easily avoided.
A typical corporate network environment may be running a handful of devices from multiple vendors, each with a specific function and even interoperability between them. To assess resiliency, operators must understand their corporate network in its entirety, rather than simply as separate segments. Operators need diagnostics, intelligence, and the capability of threat modeling to make changes to logical controls, access management, and supply chain network security.
Threat βeta is the answer to supply chain network security and to the security of your bottom line. We have taken a range of complex questions and boiled them down to a Threat βeta rating. Our ratings are based on a scale from 0-2, and help you better understand the likelihood of a future cyber event. Threat βeta offers potential outcomes and provides a practical framework for discussing these outcomes with senior executives and board leadership.
Consider an example from M&A where your enterprise network has a Threat βeta score of 0.66, which is well below the average Threat βeta score of 1.0. You assess the network of an organization your company plans to acquire and obtain a score of 1.67, representing a higher risk than that currently faced by your own firm. By connecting to the other company’s network, your organization’s risk would rise, which might not be acceptable. However, if you decide to proceed with the acquisition, you could use this information to renegotiate the price and add new liability escrow elements.
As a strategic element in building an information security program, Threat βeta is used on a day-to-day basis by operational leaders, who are making ongoing changes to the network.
Currently, we’re working with a healthcare private equity firm with a network that is completely outsourced. This firm looks at the Threat βeta score to understand whether the outsourced network’s threat risk is getting better or worse. As a result of this continuous data monitoring, a service-level agreement is in place for the provider to bring the network up to specified levels by designated dates.
By focusing on metrics that matter, Threat βeta has been statistically validated for reliability and offers significant predictive power of future cyber events and effective ROI calculation used by corporate stakeholders.
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