Panaseer launches new Cybersecurity Controls Scorecard

New York, 30th July 2024 – Panaseer, a leader in Continuous Controls Monitoring (CCM), today announced the launch of its new Cybersecurity Controls Scorecard. Available now for all existing and new customers, Panaseer’s Scorecard gives CISOs an ‘at a glance’ view of the coverage, effectiveness and performance of cybersecurity controls across business units, geographies and critical services – along with control failures that are contributing the most towards gaps in security.

The Scorecard abstracts cybersecurity complexity by aggregating and distilling validated truth data into a single metric. Armed with a simple percentage score, CISOs can better communicate risk to both regulators and internal stakeholders – with the confidence that the data is complete and trusted. This enables business owners, security teams and senior management to better understand their level of compliance with security control policies, make informed choices, and track progress over time.

Key features of the scorecard

Layered business context: The Scorecard layers risk scores with critical business context, such as breakdowns by business function, geography, or compliance regime, providing a deeper understanding of risk and control coverage to support informed decisions.

Accountability heatmap: The Scorecard’s company-wide heatmap enables CISOs to drive accountability throughout their organization, showing which teams, business units or functions present the most risk. Leaderboards can be created to incentivize employees.

Highly configurable: Self-serve capabilities enable customers to tailor the Scorecard metric to their individual business needs based on customer specific codified policies and data drive KPIs or drawing from existing best practice dashboards developed by Panaseer.

Actionable recommendations: Rather than simply showing where risk exists, the Scorecard gives details, such as accounts that need to be disabled or systems that urgently need patching, and remediation actions to enable organizations to actively reduce risk.

Ability to track progress over time: To track controls performance for compliance, customers can take a snapshot-in-time view, allowing them to compare historical trends as far back as they’ve had the Panaseer platform deployed.

A gamechanger for the product

“Most breaches could be prevented if the proper cybersecurity controls were in place and working effectively. Yet, many businesses lack visibility into control performance. Even if they do have visibility of controls, translating that information into a language that non-technical audiences can understand is challenging,” says Marc Moesse, Chief Product Officer at Panaseer.

Panaseer’s Cybersecurity Controls Scorecard is integrated into the Panaseer CCM platform, which collates and validates data from multiple sources – including systems with data about assets, people, accounts and applications – to gain a single source of truth on which the scores are calculated. This strong foundation of data science sets it apart from other solutions that rely on external data or incomplete surveys, sampling and attestation.

This approach enables greater levels of transparency and tailoring; the methodology behind the scores is fully accessible and configurable. Users can take a deeper dive into the Scorecard data if required, breaking the score down by specific controls – such as the percentage of assets patched – to gain a granular view of control performance across the organization.

“The regulatory landscape is heating up and CISOs need confidence in the data they are reporting, but instead many are working with one arm tied behind their back. Existing solutions are piecemeal, sitting over an unclear IT estate, and only show part of the picture or are so technical they’re almost useless to the non-technical stakeholder,” says Jonathan Gill, CEO of Panaseer.

“Scorecard helps CISOs to create a culture of “we”, to ensure accountability for risk spans their entire organization. By giving access to trusted data that will hold up to long-term scrutiny from executive stakeholders and auditors, and translating security to the language of the business, the scorecard enables CISOs to reduce the compliance burden, increase stakeholder engagement and accountability, and minimize risk.”

About Panaseer

Panaseer is an enterprise cybersecurity company that helps organizations improve their security posture by continuously measuring whether controls are fully deployed and working effectively. It has been recognized by the World Economic Forum as a Technology Pioneer helping to solve the world’s most pressing issues.

Panaseer’s Continuous Controls Monitoring (CCM) platform gives CISOs a true picture of their security posture by measuring performance of their cybersecurity defenses against established frameworks and regulations. This enables them to take targeted action to reduce cyber risk and provide accurate data to stakeholders and regulators. CCM also drives more efficient use of resources through automated processes and improved prioritization.