X-Analytics optimizes CRI Profile 2.0

X-Analytics incorporates the Cyber Risk Institute (CRI) Profile 2.0 to help financial institutions to efficiently manage and mitigate cyber risks while aligning with broader business objectives. Move beyond mere compliance to achieve true cyber resilience.

X-Analytics Simplifies the CRI 2.0 Framework

The Cyber Risk Institute (CRI) Framework is a comprehensive framework developed to help financial institutions manage and mitigate cyber risks. It was created in collaboration with the financial services ecosystem to provide a standardized approach to cybersecurity, tailored for the financial sector.

Financial Sector Focused: The framework is specifically designed for financial institutions, addressing the unique cybersecurity challenges they face.

Harmonization with Existing Standards: The CRI Framework harmonizes various cybersecurity regulations and standards, such as NIST CSF 2.0 and FFIEC IT Handbook, into a single, unified approach.

Risk-Based Approach: The framework takes a risk-based approach to cybersecurity, allowing institutions to prioritize their cybersecurity efforts based on the specific risks they face.

Maturity Model: The CRI Framework includes a maturity model that allows institutions to assess their cybersecurity posture, set goals for improvement, track progress, and demonstrate improvements.

Comprehensive Coverage: The framework covers a wide range of cybersecurity domains, including governance, risk management, incident response, third-party management, and more.

Scalability: The CRI Framework is designed to be scalable, making it suitable for financial institutions of all sizes, from small banks to large multinational corporations.

Assessment and Reporting Tools: The framework provides tools for self-assessment and reporting, enabling institutions to evaluate their cybersecurity posture and report on their GRC requirements

Collaboration and Sharing: The CRI encourages collaboration and information sharing among financial institutions, regulators, and other stakeholders.

FFIEC

CAT Sunset Statement

“Supervised financial institutions may also consider use of industry developed resources, such as the Cyber Risk Institute’s (CRI) Cyber Profile, and the Center for Internet Security Critical Security Controls. These tools can be used in conjunction with other resources to better address and inform management of continuously evolving cyber security risk.”

How does X-Analytics simplify CRI Profile 2.0?

X-Analytics simplifies CRI 2.0 by giving you an elegant place to create and manage your CRI 2.0 profiles, invite collaborators, realize your CRI achievement, understand your implementation benefit, identify opportunity for optimized risk reduction, and connect CRI to a full set of GRC principles.

Streamlined compliance. Improved cyber resilience. Increased confidence.

With X-Analytics, you can reduce the complexity and cost of managing cybersecurity, strengthen your cybersecurity defenses, respond more effectively to cyber threats, and demonstrate a commitment to maintaining a robust cybersecurity posture.

Profile Maintenance: X-Analytics provides a standard and repeatable way to create and maintain your CRI profile, invite collaborators, and quickly realize the cyber risk benefit of your implementation.

Realized Achievement: Upon each profile “save and submit”, X-Analytics automatically determines your CRI achievement to help you aim actions related to CRI targets and cyber risk expectations.

New to CRI, Not Sure Where to Start: With X-Analytics, you can create an inherent risk profile to easily determine which CRI functions and categories offer the most risk reducing benefit. With this knowledge, you can prioritize and focus your assessment efforts on the right parts of the CRI framework

Prioritized Opportunity: X-Analytics provides a prioritized set of CRI opportunities to help you strengthen cybersecurity and respond more effectively to cyber threats.

Risk Benefit: X-Analytics combines your CRI profile with your exposure profile and threat landscape to determine your cyber risk condition. With this understanding, you can effectively manage risk.

Monitor and Adapt Cybersecurity Practices: X-Analytics gives you a process for regularly reviewing and updating cybersecurity measures to reflect changes in your risk landscape.

Executive Level Communication: With X-Analytics, you can translate technical cybersecurity metrics into business risk language that executives understand. The in-app reports present cybersecurity performance and risk in terms of financial impact, aiding executive-level decisions.

It’s time for a better solution to help your organization get way more out of its CRI 2.0 Profile.

Average Cyber Exposure (expressed as a % of revenue) in Financial Services

1.49%
(as of Q3 2024)

This value indicates the sector’s cyber risk condition. CRI can be one way to improve this value.

This value provided by the X-Analytics Industry Benchmarks

Best Implemented CRI Function in Financial Services

Respond
(as of Q3 2024)

It’s clear the market has pushed Respond efforts for years. But is that enough, is there something better?

This value provided by the X-Analytics Industry Benchmarks.

Best Risk Reducing CRI Function in Financial Services

Protect
(as of Q3 2024)

Depending on the organization, full implementation of Protect could further reduce cyber risk up to 60%.

This value provided by the X-Analytics Industry Benchmarks.

Simplified CRI Profile Management.

With X-Analytics, you don't need to manage cumbersome spreadsheets. X-Analytics provides a modern and repeatable way to create and manage your CRI profile.

With ease, you can invite collaborators to create and update your assessments and view results

X-Analytics works for all financial institutions, of all sizes, across all CRI Tiers.

Simplified Benefit Analysis.

From the moment you save and submit your CRI profile, X-Analytics automatically determines your cyber risk condition, illustrates the benefit of your CRI implementation, and provides actionable CRI-based insights.

Your insights are updated regularly to ensure your CRI strategy is aligned to changes in your threat condition and business profile.

With X-Analytics, you can adapt to changes, update CRI targets, prioritize remediation, and achieve an ideal risk outcome.

Simplified Govern to Governance.

With X-Analytics, you can easily expand on the concepts of risk management strategy, expectations, policy establishment, communication, and risk monitoring found within the CRI Govern function.

X-Analytics includes a Governance module that helps you describe your governance rigor and governance targets.

The Governance report combines governance, risk, and compliance (GRC) to help you understand your risk condition, CRI effectiveness, mitigated exposure, governance rigor, and risk management effectiveness.

How do I activate my X-Analytics
CRI 2.0 solution?

X-Analytics is easy to use. You just need to create your unique profile and X-Analytics automatically gives you an understanding of your risk condition and prioritizes your risk reducing options. From this point, you just need to make decisions, create your optimized plan, and achieve success.

Create your CRI 2.0 profile.

Create a CSF 2.0 profile for your macro-organization or for any micro-entity within your organization.

Answer the CRI 2.0 diagnostic statements.

Answer the applicable CSF functions, categories, and sub-categories that relate to your profile.

Answer the non-CRI related questions in the X-Analytics Governance module.

This module captures your cyber practices and responsibilities (beyond the CRI Govern function), cyber rigor, and cyber targets.

Review your CRI 2.0 results and other X-Analytics insights

Understand your cyber risk condition, CRI alignment, CRI benefit, and CRI prioritized opportunity, and CRI trending.

Make decisions and communicate effectively.

With X-Analytics, you are empowered to control costs, boost confidence, and create strategy as related to your CRI profile.

Ready to see X-Analytics in action?

Getting started is easy. It just takes a few minutes to understand your cyber risk condition and unlock the full potential of your cyber risk strategy.

Book a Demo