Drawbridge has recently unveiled its latest cyber risk assessment service, which offers clients a comprehensive suite of modules that combine advanced analytics with personalized client service. This innovative solution allows clients to benchmark and score their cyber programs, enabling them to prioritize risk remediation by comparing their cybersecurity posture to that of over 1,000 other managers in real-time. William Haney, the CEO of Drawbridge, emphasized the value of the company’s extensive risk data, portfolio analytics, and cybersecurity advisory team in providing unique insights into the risk posture of alternative asset managers.
With the increasing complexity of cybersecurity threats and the growing demands of LPs and regulators, alternative asset managers are under pressure to enhance their cyber defenses. Jason Elmer, Head of Innovation at Drawbridge, highlighted the importance of leveraging data-driven solutions to help managers and investors identify areas of outlier risk, determine their positioning within their peer group, and ensure compliance with regulatory requirements. By utilizing the suite’s powerful features, clients can collaborate with their Drawbridge advisor to develop risk mitigation strategies, conduct “what-if” scenario analysis, and generate detailed reports on their progress in addressing cybersecurity risks.
One of the key features of the new cyber risk assessment service is the “Crosscheck” functionality, which enables Drawbridge advisors to validate managers’ due diligence questionnaire responses through a thorough examination of evidence from various sources. This level of transparency is crucial in today’s complex cybersecurity landscape, as investors and stakeholders expect transparency and accountability in managing cyber risks. Nick Pastoressa, CPTO at Drawbridge, emphasized the importance of continuously listening to clients’ feedback to deliver valuable solutions that instill confidence in investment decision-making processes.
In a rapidly evolving threat environment, where cyber attacks are becoming increasingly sophisticated and widespread, organizations across all industries are recognizing the importance of fortifying their cyber defenses. By offering a comprehensive cyber risk assessment service that combines cutting-edge technology with expert guidance, Drawbridge is empowering alternative asset managers to enhance their cybersecurity posture and stay ahead of emerging threats.
The integration of advanced analytics, personalized client service, and strategic planning capabilities in Drawbridge’s cyber risk assessment service sets a new standard in the industry. With the ability to benchmark against peers, prioritize risk remediation efforts, and demonstrate compliance with regulatory requirements, clients can make informed decisions to strengthen their cyber defenses and mitigate potential security threats. As cyber threats continue to evolve, innovative solutions like Drawbridge’s cyber risk assessment service play a critical role in helping organizations protect their sensitive data and assets from malicious actors.