What is DeNexus?
DeNexus is a cyber risk management platform that provides a quantified approach to manage true cyber security risks across a fleet of Operational Technology (OT) sites. It is designed for CISOs, OT Facility Managers, Executive Boards, and Underwriters to provide a credible, evidence-based, data-driven platform that gives OT industrial stakeholders visibility to a facility’s exposure to cyber events. The platform calculates the probability and financial impact of potential cyber events and delivers the mitigation options available to reduce cyber risk while measuring the ROI of each cyber risk mitigation investment.
How can DeNexus be used?
DeNexus can be used to assess and quantify the cyber security risks to OT assets, enabling users to make more informed decisions and justify cyber security projects. The platform aggregates the risk across all OT sites, providing a clear picture of the potential impact of cyber threats on operations. This means that users can prioritize their cyber security efforts and allocate resources where they are needed most.
DeNexus provides financial metrics to make informed decisions about cyber security risks. With the platform, users can calculate the potential financial impact of cyber threats on OT assets, allowing for better financial decisions and maximizing return on investment.
The platform implements leading industry standards and frameworks such as MITRE ATT&CK for ICS, FAIR Taxonomy, NIST-CSF, ISO 27001, C2M2 and more. This means that the risk quantification outputs are based on standardized methodologies that are widely accepted and understood within the cyber security industry and board rooms.
Products in DeNexus
DeNexus has two products: DeRISK Industrial and DeRISK Insurance.
DeRISK Industrial
DeRISK Industrial empowers the industrial enterprise to quantify and manage their cyber risk exposure on a continuous basis. The DeRISK Platform is the world’s first self-adaptive, cloud-based platform that uses evidence-based data to predict where and how breaches are likely to occur, what their business impact will be and what mitigation actions provide the highest ROI.
DeRISK Insurance
DeRISK Insurance quantifies cyber risk of industrial enterprise clients and client portfolios for underwriters. Using industry-accepted cybersecurity frameworks, DeRISK feeds data through standardized processes to provide probability analysis and financial impact of diverse threat scenarios. Risk analysis results of all clients are clustered by sector and geography to derive the predictive drivers of loss purpose-built for the (re)insurance and Insurance Linked Securities (ILS) markets.
DeNexus: Pros and Cons
Pros
- DeNexus provides a quantified approach to manage true cyber security risks across a fleet of Operational Technology (OT) sites.
- The platform aggregates the risk across all OT sites, providing a clear picture of the potential impact of cyber threats on operations.
- DeNexus provides financial metrics to make informed decisions about cyber security risks, allowing for better financial decisions and maximizing return on investment.
- The platform implements leading industry standards and frameworks.
Cons
- DeNexus might be costly for some organizations.
- The platform might require additional training for employees to use it effectively.
DeNexus Review: Should you use it?
DeNexus is an excellent platform for CISOs, OT Facility Managers, Executive Boards, and Underwriters to provide a credible, evidence-based, data-driven platform that gives OT industrial stakeholders visibility to a facility’s exposure to cyber events. The platform provides a quantified approach to manage true cyber security risks across a fleet of Operational Technology (OT) sites.
DeNexus is recommended for organizations that prioritize cyber security and are willing to invest in a platform that provides a clear picture of the potential impact of cyber threats on operations. However, the platform might be costly for some organizations, and additional training might be required for employees to use it effectively.
In conclusion, DeNexus is a credible platform that provides a quantified approach to manage true cyber security risks across a fleet of Operational Technology (OT) sites. The platform aggregates the risk across all OT sites, providing a clear picture of the potential impact of cyber threats on operations, and provides financial metrics to make informed decisions about cyber security risks.
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