SecurityGate.io Releases Analysis Tool for Users to Identify Financial and Non-Financial Impacts to their Organization in a Ransomware Scenario

The feature helps users develop strategies to minimize risk in four scenarios including ransomware, supply chain attack, insider threat, and unexpected technical disruption

 

SecurityGate.io, award-winning OT cyber assessment platform, today announced the release of their Business Impact Analysis (BIA) module to help critical infrastructure organizations identify key strategic business processes and interdependencies for use in developing business continuity plans. This will support clients in prioritizing financial and non-financial impacts in the face of emerging global threats such as ransomware and supply chain attacks, among others.

The SecurityGate.io BIA module is a tool that helps organizations identify the consequences of disruptions to critical business functions and processes within four of the most challenging scenarios: ransomware, supply chain attack, insider threat, and unscheduled technical disruption for operational technology environments. By conducting a BIA within the SecurityGate.io platform, users will have the information needed to develop business continuity and recovery prioritization strategies.

“In a world of evolving circumstances, our perspective is that it is important to regularly evaluate non-technical impacts through a business lens,” Cherise Esparza, co-founder, and chief product officer at SecurityGate.io, said.

The SecurityGate.io BIA module includes an exploratory component to reveal situation-based impacts and a planning component to develop strategies for minimizing the identified risks. Organizations will be able to evaluate and prioritize both operational and financial impacts resulting from the disruption of business functions and processes.

“Companies must take a systematic, strategic approach to identifying what’s critical to the business and what the greatest risks might be so that plans and resources can be used to reduce or eliminate impacts. The BIA module will be quite helpful to organize those efforts,” Bill Lawrence, chief information security officer at SecurityGate.io, said.

The creation of the SecurityGate.io BIA module was client driven from both a market fit and design perspective. It is valuable for organizations in each lifecycle stage of industrial cyber risk management to incorporate this process. SecurityGate.io clients can conduct a BIA before, during, or after risk assessments.

 

For more information on BIA, or to request a demo, please contact us at 713-205-4558 or [email protected].

 

About SecurityGate.io:

SecurityGate.io is a Houston-based cybersecurity software company. Their OT cyber assessment platform helps industrial companies discover cyber risks sooner and make cybersecurity improvements faster. This is done by replacing slow, manual risk management processes with digital SaaS automation, agile workflows, and data intelligence.

The company was recently included in 13 categories of the 2022 Cybersecurity Excellence AwardsGartner’s 2021 Market Guide for Operational Technology Security and Takepoint Research’s 2021 Buyer’s Guide for Industrial Cybersecurity Technology and Solutions. SecurityGate.io serves customers such as Chevron, Modec, Westlake Chemical, Diamond Offshore, and Patterson UTI.

Taylor Petry

Taylor is on the communications team at SecurityGate.io.

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