Booz Allen Hamilton, which operates a Top 250 MSSP, and IT risk and compliance software company CyberSaint are working together to provide organizations with cyber risk quantification and analytics capabilities.
Organizations now can use the Booz Allen Hamilton Cyber Risk Solution powered by CyberSaint to measure, monitor and manage their security risks, the companies said. The solution provides end-users with access to a wide range of cybersecurity metrics and analytics, including:
- Risk scenario-based cyber risk quantification
- Cyber control effectiveness and maturity
- Cyber program maturity
- Scenario-based business impact analysis
- Compliance to industry control frameworks
- Control performance ratings
CEOs, CISOs and other C-suite executives and cybersecurity professionals can use the Cyber Risk Solution to access real-time insights into their organization's cyber risk posture, CyberSaint CEO Jerry Layden said. In doing so, they can quantify their cyber risk posture, establish security priorities and determine the best ways to get the most value out of their cybersecurity investments.
Booz Allen Hamilton Eyes Cybersecurity Partnerships, Acquisitions
The Cyber Risk Solution release comes after Booz Allen Hamilton made several moves in 2022 to extend its cybersecurity market reach, including:
- Partnering with Acalvio Technologies to provide cyber deception technologies to commercial and government organizations.
- Launching Booz Allen Ventures, a $100 million venture capital arm focused on investing in cybersecurity and other strategic dual-use commercial technologies for federal organizations.
- Reaching an agreement to purchase EverWatch, a government technology and national security consultancy (this deal remains under investigation by the U.S. Department of Justice).
Strong Focus On Cybersecurity Business
Booz Allen Hamilton is prioritizing cybersecurity as it executes a four-part plan to grow its Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) by approximately 50 percent through fiscal 2025, CEO Horacio Rozanski and CFO Lloyd Howell said during their company's earnings call on July 29, 2022. It also has between $3.5 billion and $4.5 billion to spend on "strategic acquisitions" through 2025, Rozanski told Wall Street analysts during his company's earnings call on Jan. 28, 2022.