TechDemocracy Intros Intellicta
January 30, 2017
Intellicta platform to help boards of directors and senior management
teams bridge the visibility gaps across their compliance, security,
risk, and governance functions. The platform, informed by a
standards-based framework and risk assurance center, analyzes in-depth
the effectiveness of existing cyber risk and compliance solutions and
offers a consolidated view of enterprise risk posture.
Companies today face significant hurdles implementing end-to-end risk
assurance programs due to the breadth of platforms in the enterprise and
the diverse and complex nature of their cybersecurity and compliance
assessment technologies. Tools are not measured against a consistent set
of industry standards, creating an inability to bring uniformity and
objectivity to situational awareness or take account of all current and
future business requirements.
“Our DNA is rooted in cyber advisory and managed services, and
particularly in identity and access management. Building on that core,
we made an investment to fill a gap that we see worldwide—the need for a
management platform that enables senior executives to evaluate, measure
and govern the overall risk and compliance situation of the enterprise,”
said Srikiran Patibandla, CEO of TechDemocracy.
In a single dashboard, the Intellicta platform presents situational
awareness for the overall cyber risk across the enterprise, including a
quantified risk score and financial exposure.
“CISOs have been working hand in hand with other business functions to
implement cybersecurity solutions, but for those accountable to boards
of directors for governance — CROs, CIOs, CEOs and CFOs — what has been
missing until now is a way to evaluate their performances collectively
against the business objectives and to create one common picture of
their risk situation,” said Gautam Dev, global managing principal,
TechDemocracy. “Intellicta enables senior decision makers to assess and
clearly communicate where the enterprise stands versus industry best
practices and standards, pinpoint inefficiencies, prioritize risk
investments and continually track progress.”
From the practitioner’s standpoint, Ken Pfeil, himself a former CISO and
now chief architect for TechDemocracy, said, “Even in large
organizations, I found it particularly challenging to obtain a holistic
view of the risk posture, because I was limited to piecemeal assessments
coming from the tools I was using to protect the enterprise. That
approach not only lacks objectivity, it fails to show the gaps that
exist in protection. We’ve created a platform that breaks down those
limitations and puts companies on a path to intelligent risk assurance.”
How the Intellicta Platform Works
The Intellicta platform is open and easily customized to meet an
organization’s unique business requirements. Intellicta can integrate
many leading enterprise-class IT security technologies right out of the
box and start assessing their effectiveness immediately. As
organizations decide on new security and risk tools to put investment
towards meeting emerging needs, these can also be added to evaluate and
confirm they are delivering the expected improvements to the overall
cyber risk posture.
platform framework incorporates a spectrum of regulatory requirements
and security standards including NIST, ISO, HIPAA, SOX, IRA and others
necessary for organizations to create a risk-based assurance program.
This offers the capability to continually map and monitor industry best
practices against the breadth of cyber risk and compliance tools in
their unique environment.
The platform’s risk assurance center is supported by an open
architecture, so every facet of an enterprise’s unique ecosystem can be
integrated and continuously monitored. The center aggregates data from
the existing infrastructure and IT security tools, automatically
correlating and analyzing the ingested data for measurement across any
standard or regulatory requirement, as well as the company’s own
security and governance policies.
The resulting insights and holistic view of risk posture presented in
the center’s dashboard interface help organizations’ senior business
leaders quantify their risk assurance program across a comprehensive
framework constituting a business’s hierarchy of risk needs and
preparedness. The platform maps each element of the framework to
indexes, producing scores measuring the risk posture’s strength and
maturity in real time. Scoring is based on the COBIT framework for IT
governance and control adopted by industries around the globe.