Cybersecurity
Monitor, track and understand the rapidly emerging regulatory landscape for cybersecurity with CUBE.
Proactively determine your control framework, identify risks and mitigate gaps in your regulatory inventory, ahead of time.
How we solve for cybersecurity
CUBE enables you to manage your entire regulatory suite, with an inventory tailored specifically to your cybersecurity needs. Have comprehensive oversight of every rule from every regulator that impacts your cyber program, from the ICO through to the US Cybersecurity and Infrastructure Security Agency, and track developments and trends ahead of time. Maintain defensible audit trails across all jurisdictions and automatically generate reports.
Powered by artificial intelligence, CUBE replaces existing manual processes, freeing up resources to ensure policies and controls are effective.
Visibility
Have complete visibility of the entire world of relevant cyber-related regulations
From proposed changes to the Network Information Systems Directive (NISD) through to the National Defense Authorization Act (NDAA), meet regulatory requirements, view potential gaps in your system and automatically generate reports for assurance and audit.
Policies and controls
Ensure cyber policies and controls meet regulatory expectations
Have peace of mind that all global cybersecurity regulations are enriched and mapped to your specific cyber policies and controls, pinpointing the impact of regulatory change across all lines of business and jurisdictions you operate in.
Audit trail
Evidence decision making and actions in a defensible audit trail for cyber
Demonstrate that relevant information on cybersecurity has been routed to and actioned by responsible owners across the business. View and configure every step of the process in a holistic dashboard to visualize cybersecurity across the length and breadth of your team.
Challenges faced by the industry
Cyberattacks are a constant and growing threat to every financial services firm. The rapid adoption of online financial services and emerging technologies, in parallel with new ways of working and reliance on outsourced third parties, have exponentially increased the cyber-attack surface, as well as an influx of cyber rules and regulations.
The rise in volume, scale and sophistication of attacks has driven cyber security to the top of boardroom agendas. From identity theft to extortion to cyber-espionage, the operational and financial consequences can be catastrophic and become even more damaging to a firm’s reputation when major incidents hit the headlines.
For regulators, cyber resilience continues to be a top priority, given the wide-reaching customer harm and impact on critical services and the financial system that attacks can cause.
Firms face the ongoing challenge of keeping pace with cyber-related regulatory expectations and developments while ensuring robust processes, policies and controls are in place to anticipate, protect against or recover from incidents. Crucially, it’s become an enterprise-wide issue. Cyber is no longer solely a risk for IT or dedicated cybersecurity functions to manage.
Second lines of defense, from compliance through to risk, play a critical role in its mitigation; senior managers can be held personally accountable for failures; and all employees need to understand the requirements for protecting the firm and its customers.
This includes guidance issued by many of the newly formed Cyber authorities, such as the US Cybersecurity and Infrastructure Security Agency, the Canadian Center for Cyber Security, or the National Cyber Security Center, established to aide in the governance of the vast array of cyber threats.
