EY India Introduces AI-Based Cyber Performance Platform to Strengthen Enterprise Security
EY India launches an AI-powered CPM tool to enable enterprises monitor, assess and manage cyber risk on a real-time basis. The platform leverages AI, cybersecurity and financial risk quantification to deliver a single pane of view, faster threat response and better decision making.
Launched on June 9th, EY India's Cyber Performance Management (CPM) platform allows businesses to measure cyber risk in real-time, according to the company. According to a press release from EY India, the platform will provide a unified platform for organisations to assess, monitor, and control cyber risk.
In response to the growing number of cyber threats that can compromise numerous systems in a matter of hours, EY India has introduced EY Cyber Performance Management (CPM). CPM is the first complete cyber platform created by a financial services company.
How EY’s CPM Operates?
The company claimed that CPM is the first platform to integrate artificial intelligence with cybersecurity, guaranteeing data sovereignty, cost effectiveness, and complete operational control. The goal, according to EY, is to assist businesses in recognising and mitigating cyber risks in the lead-up to actual assaults. In order to make informed decisions, it's important to know what's vulnerable, how assaults could spread across systems, what causes business risk, and where the effects will be felt the most. Decision intelligence is made possible by CPM, which translates exposure into financial information.
According to Rohan Sachdev, a partner and consulting leader at EY India, the corporate landscape is being transformed by AI and the massive increase in cyber risk. He elaborated by saying that companies nowadays require a strategy that eliminates silos and disjointed tools. To fill this need in the market, Sachdev said, EY Cyber Performance Management integrates enterprise-grade AI, visibility, and risk quantification into a single platform. It helps businesses to turn cyber risk into measurable results. Therefore, enabling C-suite executives to make swift decisions, establish resilient businesses that are ready for the future, and prioritise effectively.
How CPM is Beneficial for Organisations?
Claiming to have transformed fragmented security operations into intelligence-led decisioning, CPM reportedly offers measurable impact across complicated organisational contexts. The platform allows organisations to streamline visibility and respond quickly and accurately by seamlessly integrating with fifty or more security products.
In addition to a mean time to response reduction of 30–50%, clients have observed a 45–60% drop in alert noise, response speeds that are 30–50% faster, and analyst efficiency that is 50–65% higher. Furthermore, by integrating 8–10 separate solutions, businesses are able to achieve regulatory audit readiness levels of up to 90% and reduce total cost of ownership by 45–55%. Cyber risk has developed into a major concern for businesses nowadays, according to Murali Rao, Partner and Cyber Leader at EY India. He added that the problem might spread across networks in a matter of hours.
A lot of companies still don't have good, real-time insight into what they're vulnerable to and how fast it can have an effect. Financial and regulatory ramifications are becoming more apparent as a result of these gaps. Cyber risk is made clear and put into financial perspective by CPM, which helps companies overcome this difficulty. Therefore, allowing the board and regulators to make prudent, well-informed decisions in a timely manner before risks become losses.
