• WHEN CYBER RISK AND RISK ANALYSIS METHODS ARE INVITED TO THE BOARD
  • By Jean Larroumets, President of EGERIE

    It is agreed that the cyber risk is growing. In a few decades, we have gone from an anecdotal dimension of individual stories to a multiple, systemic, and organized international threat that can cause considerable damage to people, companies, and countries.

    At the same time, business leaders make strategic decisions daily. Whether they are financial, commercial, or industrial, the consequences of these decisions will always have a considerable impact on the future of the organization. Typically, though, these are well-controlled historical areas for which leaders have considerable experience. However, they are now forced to make equally strategic decisions, with equally serious consequences, in a moving and permanently created field for which they still have little or no significant experience: the anticipation and analysis of cyber risk.

    For several decades, we have focused on defense to avoid cybersecurity incidents. In recent years however, the lines have moved and we have begun to accept the inevitable that certain attacks cannot be avoided and that, if necessary, the important thing is to focus on the response to limit the risks.

    In addition to the need to define and analyze cyber risk, the various managers and their Board of Directors must now also prepare to prove that they have implemented the necessary means to contain them

  • But why set up cyber risk management ?

    Today, companies are accelerating their digital transformation, forcing them to rethink their “business as normal” trades and the ways in which they are practiced. Moreover, they face the obligation to adapt "forcedly" to increasing geopolitical and regulatory injunctions. And risk is pervasive. Therefore, only a holistic practice of Risk Management can effectively control it, to secure strategies and their implementations, to protect teams and assets.

    EGERIE is the leading publisher of cyber risk management in Europe. EGERIE offers a collaborative platform for a comprehensive, agile, and structured approach to governance, cyber risk management and compliance, and personal data protection.

    Recognized by the highest government and regulatory authorities, EGERIE's technology enables companies and government organizations to understand how they are exposed to risks and to assist them in helping to decide on the security measures to be implemented.

    Thanks to the EBIOS Risk Manager method integrated with the EGERIE platform, the company can now at different levels analyze and arbitrate cyber risk and become part of a continuous improvement approach in the longer term.

    The EGERIE platform, like the EBIOS Risk Manager method, allows the deployment of an adaptive approach to cyber risk analysis by going into detail depending on the objectives and the context of the study. It automatically provides the necessary elements for decision-making and communication within the organization - as well as with its partners. For example, one may remain synthetic as part of an opportunity study of a new project or go into the details of an advanced modelling for the approval of a sensitive system.
    EGERIE, a member of the EBIOS Club, is actively involved in the promotion and adoption of the EBIOS method among French industrialists and administrations. Our solutions already equip many OIV (Vital Importance Organization) and OSE (Essential Service Operator) who are anxious to have precise and visual adjudicating elements to best manage their cybersecurity operations in accordance with their business issues and regulatory constraints.

    Using state-of-the-art technology, analytics and business and normative libraries, the EGERIE platform develops cyber risk mapping and streamlines the company's cybersecurity strategy.

    The risk is polymorphic and will continue to evolve. Therefore, the devices associated with the analysis and management of this risk can no longer be questioned or challenged. At EGERIE, anticipation and adaptability are part of our DNA, so we take care of it.