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Saturday, September 23, 2023

Cybersecurity Firm Launches Solution to Identify Risks and Financial Losses From a Possible Breach

Bravatek Solutions, Inc., has entered into a comprehensive agreement with Attacktica, Inc., which has developed an SaaS-board platform designed for senior executives and board of directors to calculate the company’s risk of a breach, the financial impact, and the optimal security investments for the company.

Attacktica says it has identified deficiencies in regulatory and compliance solutions, and security point products’ inability to operate together to provide proper governance of a company’s security and IT preparedness.  To address this, Attacktica’s solution pulls technical and non-technical information into an attack simulation-based SaaS platform, identifying weaknesses in the people, process, and technology lifecycle by identifying where and how to mitigate risk leading to the reduction of potential financial losses associated to a breach, and insider threats.  The platform also identifies areas of overspend in the security infrastructure, allowing reallocation of budget to areas requiring additional investment to improve an organization’s overall security posture.

“Bravatek is a strong believer and early adopter of Attacktica’s solution.  The solution delivers a comprehensive quantitative and qualitative analysis of potential losses from a breach, and exactly how and where they can to minimize the risk.  We are excited to help provide funding that will enable Attacktica to deliver a platform that the industry has lacked,” said Tom Cellucci, Chairman and CEO of Bravatek Solutions, Inc.

Attacktica says there is no other SaaS solution on the market that provides the ability to quantifiably measure the financial damage a company would incur were any given vulnerability to be exploited nefariously.

The platform incorporates intangibles such as policies, procedures, training, people – hiring and terminating, third-party vendors and how they each contribute to the security posture of a company, in a quantifiable and quantitative interactive dashboard combined with the realities of the state of the network and other assets.

Attacktica specialists feed the risk factors into the model for items that technology cannot assess. The model takes the technological condition and the non-technical condition and predicts the likelihood of a hacker or insider threat successfully breaching any given area. The specialists then apply the prediction of successful breach to the financial model to provide real risk results in terms of financial impact, cost to remediate after a breach, cost to prevent the breach altogether, and where they can spend to achieve the greatest reduction of risk to the overall company. Solution suggestions are also included.

The open architecture of the solution allows for the use of the customer’s existing tools and data to help populate the model and doesn’t require custom builds or dedicated hardware. Additionally with the fully managed solution in a cloud architecture, the customer doesn’t have to manage the inputs or updates. This can be undertaken by the Attacktica specialists if the customer prefers.

Kylie Bielby
Kylie Bielby has more than 20 years' experience in reporting and editing a wide range of security topics, covering geopolitical and policy analysis to international and country-specific trends and events. Before joining GTSC's Homeland Security Today staff, she was an editor and contributor for Jane's, and a columnist and managing editor for security and counter-terror publications.

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