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Interview: Nik Whitfield, Panaseer

September 25, 2020

The Panaseer Team

Back in July, Gartner announced its “hype cycle for risk management” to highlight the new trends entering the risk management field.

Among those “at the peak” was Continuous Controls Monitoring (CCM) which Gartner calls “a set of technologies to reduce business losses through continuous monitoring and reducing the cost of audits through continuous auditing of the controls in financial and other transactional applications.”

According to one company, this is a natural evolution of governance, risk and compliance (GRC) as more boards and regulators seek more metrics to make better risk decisions. Nik Whitfield is CEO of Panaseer, and in a July blog, he pointed out that as well as being named as an inaugural vendor by Gartner, in the six years of its operation, “Panaseer developed a technology platform that automates that joining process; the platform pulls data from 10, 20, 50 different vendor technologies or data sources in an enterprise, stitches it all together, and creates the most valuable security metrics over that data for different stakeholders.”

He claimed this enables a user to answer the questions on ‘what have we got?’, ‘is it well defended?’ and ‘what do we need to do next to improve security?’ This is the essence of CCM, being able to provide the answers to those difficult questions.

Read the full article by the Infosecurity Magazine.