Bay Dynamics and Grant Thornton to help companies make simpler, more cost-effective cyber decisions
Wednesday, April 19, 2017 11:27 am CDT
"Risk Fabric is the only platform that quantifies the financial impact of cyber risk based on detected threats and vulnerabilities in the environment, and prioritizes actions based on those that reduce impact the most"
NEW YORK--( )--Bay Dynamics® is partnering with professional services provider Grant Thornton LLP – the U.S. member firm of Grant Thornton International Ltd – to help companies make simpler, more cost-effective cyber security decisions.
This partnership provides Grant Thornton’s clients with access to the Bay Dynamics Risk Fabric® analytics platform – giving them a software advantage, while also allowing them to benefit from Grant Thornton’s risk-based guidance on cyber security.
“We were attracted to this partnership because the Bay Dynamics platform remedies a pernicious problem: Companies seem to have bought two of everything when it comes to cyber security – creating an array of multiple tools that cloud visibility into the most significant cyber risks,” says Jeff Recor, principal in Grant Thornton’s Cyber Risk Advisory Services practice. “The Risk Fabric platform solves this problem by bringing together a company’s existing security tools, adding powerful new analytics, and delivering prioritized actions to the professionals responsible for reducing cyber risk.”
Recor goes on to explain that Grant Thornton, for its part, “boasts a long history using a cyber risk framework to help organizations create and transform value.” The firm, which has revenues in excess of $1.6 billion and almost 60 offices across the nation, provides advisory, audit and tax services to a broad range of private and publicly held companies, in addition to government agencies and civic organizations.
“At a time when companies are holding their security executives’ feet to the fire – demanding more effective cyber threat management – they need a combination of cutting-edge tools and the latest risk-management thinking,” says Recor. “That’s where this partnership comes in.”
“Risk Fabric is the only platform that quantifies the financial impact of cyber risk based on detected threats and vulnerabilities in the environment, and prioritizes actions based on those that reduce impact the most,” said Mike Saletta, vice president of Channel Sales at Bay Dynamics. “The platform fits perfectly into Grant Thornton’s cyber risk framework. Now with Risk Fabric, companies can use one risk-focused platform that brings together their countless disjointed tools, making cyber risk management more cost effective and less complicated.”
Bay Dynamics partners with system integrators, resellers, managed security services providers and technology companies worldwide. In 2016, the company’s number of channel partners increased by almost 150 percent and continues to grow.
To learn more about Bay Dynamics visit:
www.baydynamics.com
To learn more about Grant Thornton’s cyber risk offerings visit:
www.grantthornton.com/cyberrisk
About Bay Dynamics
Bay Dynamics® enables enterprises to continuously quantify the financial impact of cyber risk based on actual conditions detected in their environment. The company’s flagship product, Risk Fabric®, is a software platform that calculates the value at risk associated with specific threats and vulnerabilities, that when mitigated, measurably reduce cyber risk exposure. Using Risk Fabric, stakeholders across the business can prioritize their remediation activities and direct their limited resources at the risks that matter most. Risk Fabric benefits enterprises with a financial measurement of cyber risk that’s based on current detectable conditions in the enterprise environment, gathered from existing security tools and business context. The platform also provides value based prioritization of remediation, reduced regulatory risk, reduced costs and improved timeliness of action by automating the delivery of personalized and prioritized vulnerabilities to line-of-business application owners responsible for remediation. For more information visit www.baydynamics.com .
Bay Dynamics and Risk Fabric are registered trademarks of Bay Dynamics, Inc. Other trademarks mentioned are the property of their respective owners.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.6 billion and operates 59 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see
grantthornton.com
for further details.
"Risk Fabric is the only platform that quantifies the financial impact of cyber risk based on detected threats and vulnerabilities in the environment, and prioritizes actions based on those that reduce impact the most"
NEW YORK--( )--Bay Dynamics® is partnering with professional services provider Grant Thornton LLP – the U.S. member firm of Grant Thornton International Ltd – to help companies make simpler, more cost-effective cyber security decisions.
This partnership provides Grant Thornton’s clients with access to the Bay Dynamics Risk Fabric® analytics platform – giving them a software advantage, while also allowing them to benefit from Grant Thornton’s risk-based guidance on cyber security.
“We were attracted to this partnership because the Bay Dynamics platform remedies a pernicious problem: Companies seem to have bought two of everything when it comes to cyber security – creating an array of multiple tools that cloud visibility into the most significant cyber risks,” says Jeff Recor, principal in Grant Thornton’s Cyber Risk Advisory Services practice. “The Risk Fabric platform solves this problem by bringing together a company’s existing security tools, adding powerful new analytics, and delivering prioritized actions to the professionals responsible for reducing cyber risk.”
Recor goes on to explain that Grant Thornton, for its part, “boasts a long history using a cyber risk framework to help organizations create and transform value.” The firm, which has revenues in excess of $1.6 billion and almost 60 offices across the nation, provides advisory, audit and tax services to a broad range of private and publicly held companies, in addition to government agencies and civic organizations.
“At a time when companies are holding their security executives’ feet to the fire – demanding more effective cyber threat management – they need a combination of cutting-edge tools and the latest risk-management thinking,” says Recor. “That’s where this partnership comes in.”
“Risk Fabric is the only platform that quantifies the financial impact of cyber risk based on detected threats and vulnerabilities in the environment, and prioritizes actions based on those that reduce impact the most,” said Mike Saletta, vice president of Channel Sales at Bay Dynamics. “The platform fits perfectly into Grant Thornton’s cyber risk framework. Now with Risk Fabric, companies can use one risk-focused platform that brings together their countless disjointed tools, making cyber risk management more cost effective and less complicated.”
Bay Dynamics partners with system integrators, resellers, managed security services providers and technology companies worldwide. In 2016, the company’s number of channel partners increased by almost 150 percent and continues to grow.
To learn more about Bay Dynamics visit:
www.baydynamics.com
To learn more about Grant Thornton’s cyber risk offerings visit:
www.grantthornton.com/cyberrisk
About Bay Dynamics
Bay Dynamics® enables enterprises to continuously quantify the financial impact of cyber risk based on actual conditions detected in their environment. The company’s flagship product, Risk Fabric®, is a software platform that calculates the value at risk associated with specific threats and vulnerabilities, that when mitigated, measurably reduce cyber risk exposure. Using Risk Fabric, stakeholders across the business can prioritize their remediation activities and direct their limited resources at the risks that matter most. Risk Fabric benefits enterprises with a financial measurement of cyber risk that’s based on current detectable conditions in the enterprise environment, gathered from existing security tools and business context. The platform also provides value based prioritization of remediation, reduced regulatory risk, reduced costs and improved timeliness of action by automating the delivery of personalized and prioritized vulnerabilities to line-of-business application owners responsible for remediation. For more information visit www.baydynamics.com .
Bay Dynamics and Risk Fabric are registered trademarks of Bay Dynamics, Inc. Other trademarks mentioned are the property of their respective owners.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.6 billion and operates 59 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see
grantthornton.com
for further details.
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