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Follow on Google News | GRC Sphere Cyber Consortium Announces BreakPoint ProgramGRC Sphere and consortium leaders introduce the industry's first comprehensive industry benchmarking program for cybersecurity performance excellence. The BreakPoint Program Initiative includes Methods, Tools and Training in 4 releases today.
By: The GRC Sphere · GRC Sphere (www.GRCsphere.org) · Hypercube Ltd. (http://www.hypercube.co.uk/ · NISTCSF.COM (www.NISTcsf.com) – Education Certification Management · Strategic Risk Associates (www.SRAbank.com) The BreakPoint program addresses 3 business objectives: 1.) Shared Industry Intelligence - The first objective is to power an industry benchmarking information intelligence service which GRC members and partners can tap into to glean a new level of "shared industry intelligence" 2.) Industry Benchmarking - The second objective is to power a global network of industry peers who want to work collaboratively to accurately measure "Peer Averages" and "Best-In-Class" 1.) Emerging Open Standard - The third objective is to develop an "open" data information sharing and reporting standard which all members and partners will use in their collaborative work. The BreakPoint Risk Loss Threat (RLT) Industry Benchmarking and Reporting Program Standard™ leverages in-line XBRL under the Securities and Exchange Commission's mandate for the reporting of cyber breaches and significant cyber incidents to shareholders. "The BreakPoint Program Initiative™ has been built, "from the ground up" around the vision of Shared Industry Intelligence, said Phil Wilson, Executive Director of GRC Sphere. "Our Member firms are blazing a trail to offer industry peers a better way to work together, collaboratively, in order to provide a number of advantages in the fight against cybercrime and cyber warfare. The BreakPoint program roadmap guides companies in their journey to ultimately achieve "Cybersecurity Convergence"; Michael Glotz, President and Founding Partner of Strategic Risk Associates (www.SRAbank.com) Phil Wilson went on to say that, "Our BreakPoint program supersedes other cyber programs because our cybersecurity industry benchmarking methods address the second part of the BreakPoint definition, i.e. the point at which the market responds disproportionately to a change in a KPI value parameter. Our members need to manage Risk Loss Threat (RLT) data within our System-of-Record such as Key Performance Questions (KPQ's), Key Performance Indicators (KPI's), Key Compliance Indicators (KCI's) and Key Internal Control Indicators (KICI's) in a way that has not been possible in the past." Global Program Manager, Mike Bennett of Hypercube Ltd. Based in London added, "We define how we manage Risk Loss Threat (RLT) data and how we share it in anonymized forms and formats. Our open standard underpins our program initiative. The BreakPoint Risk Loss Threat (RLT) Industry Benchmarking and Reporting Standard is the first (emerging) standard which enables "shared industry intelligence" Bennett went on to say, "The BreakPoint standard leverages ground-breaking work by organizations such as the Object Management Group's Finance Domain Task Force (https://www.omg.org/ Rick Lemieux, Founder and Managing Partner of NISTCSF.com commented on the core methodologies saying that "The BreakPoint Program Initiative is based on the leading two (2) National Institute of Standards and Technology (NIST) good practice frameworks which are devoted to cybersecurity performance excellence. The first is the NIST Cybersecurity Framework (NIST CSF) and the second is the NIST Baldrige Cybersecurity Excellence Builder (NIST BCEB). NIST CSF addresses the set of discrete internal controls which need to be planned, designed, implemented, managed and sustained across an enterprise. The second framework, NIST BCEB, concerns the requirements which enable the building of a cybersecurity business plan to guide a global enterprise in their journey to achieve Cybersecurity Convergence." Contact Phil Wilson; Executive Director; (978) 456-8253, Email: phil@GRCsphere.org ***@grcsphere.org 1-978-456-8253 End
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