Panaseer unveils Cybersecurity Controls Scorecard for CISOs
Panaseer has announced the introduction of its new Cybersecurity Controls Scorecard. This tool provides Chief Information Security Officers (CISOs) with an overview of their cybersecurity controls' coverage, effectiveness, and performance across various business units, geographies, and critical services. Unlike other solutions that depend on external data or incomplete surveys, the Scorecard relies solely on validated internal data.
Marc Moesse, Chief Product Officer at Panaseer, said, "The Scorecard simplifies this. It empowers CISOs by giving them a single view of control risk—highlighting where the gaps are and, importantly, how to close them in a clear way everyone can understand. And because the Scorecard is powered by the Panaseer CCM platform, you know the data can be trusted."
The tool offers several key features designed to enhance risk management and accountability within organisations:
Layered Business Context: The Scorecard layers risk scores with critical business context, such as breakdowns by business function, geography, or compliance regime, to give a deeper understanding of risk and control coverage.
Accountability Heatmap: To drive accountability, a company-wide heatmap is generated, showing which teams, business units, or functions present the highest risk. This can incentivise employees to enhance their practices.
Actionable Recommendations: Instead of merely identifying where risks exist, the Scorecard provides actionable recommendations, such as disabling accounts or patching systems, to help organisations actively reduce risk.
Historical Tracking for Compliance: Customers can take a snapshot-in-time view to track control performance over time, comparing historical trends based on their use of the Panaseer platform.
Another feature of the Scorecard is its configurability, allowing customers to tailor the metric to their business needs. It can leverage best practice dashboards developed by Panaseer or build from customer-specific, codified policies and data-driven KPIs.
Jonathan Gill, CEO of Panaseer, said, "Scorecard helps CISOs to create a culture of 'we', ensuring accountability for risk spans their entire organisation." He emphasised that the tool is built on a foundation of trusted data that would withstand scrutiny from external stakeholders and auditors.
The Cybersecurity Controls Scorecard integrates with the Panaseer Continuous Controls Monitoring (CCM) platform. The CCM platform collates and validates data from multiple sources, including systems with data on assets, people, accounts, and applications, to provide a unified source of truth. This data aggregation methodology sets the Scorecard apart from other solutions, which may rely on less reliable external sources.
The introduction of the Cybersecurity Controls Scorecard comes at a time when regulatory scrutiny is increasing, and organisations are under pressure to ensure the effectiveness of their cybersecurity controls. According to Moesse, many breaches could be prevented if the proper controls were in place and functioning effectively. However, businesses often lack the visibility needed to monitor control performance adequately.
Gill highlighted that existing solutions tend to be fragmented, offering an incomplete or overly technical view of the IT landscape. By providing a clear and comprehensive view of cybersecurity risks, the Scorecard enables CISOs to make informed choices and improve their organisations' security posture over time.
