New cyber security risk assessment tool demonstrates immediate ROI


Vigilant Software, the specialist ISO 27001 information security risk assessment and management software provider, is warning organisations that, failing to identify cyber risks and to put in place effective controls that will reduce those risks, can be fatal for organisations.

According to the Financial Times in 2013, 53 % of CFOs and Financial Controllers surveyed by PwC said they had “very little or insufficient data to manage cyber risk well”. That’s despite 58 % of companies indicating that they faced “substantial or critical” cyber security risks.
Vigilant Software has recently launched version 2.0 of the ultimate cyber security risk assessment tool, vsRisk™. This tool not only delivers a simplified and more intuitive risk assessment process, but it also reduces the time spent to perform an ISO 27001-compliant information security risk assessment. It is also designed to make compliance with ISO 27001, the information security management standard, easy.
Alan Calder, Chief Executive of Vigilant Software, says: ‘vsRisk 2.0 continues to build on the success of previous versions. Now in its sixth year of evolution, vsRisk 2.0 dramatically reduces the costs and overheads of pursuing compliance with the information security management standard ISO 27001. Featuring enhancements such as greatly improved reporting, flexibility in risk calculations, intuitive control selection, new search capabilities, much simpler interface and 3 control sets, vsRisk 2.0 is an incredibly efficient and must-have tool for risk assessors. This advanced risk assessment software eliminates the opportunity for human and spread sheet error, while strengthening the robustness of risk management decisions and ensuring key assets receive appropriate protection’.
Vigilant Software’s development team has carried out a return on investment analysis for the current standalone and network-enabled versions, and they have established that organisations can cut the time spent on manual risk assessments by over 70%. They can also make considerable cost savings in the range of thousands of pounds. The ROI analysis can be viewed here:   
vsRisk 2.0 is currently available in Standalone and Network-enabled versions. Due to popular demand, a brand new product, vsRisk 2.0 Multi-user will be launched in early February 2014, allowing for multiple risk assessors to access, use and edit risk-related information simultaneously.   
A 15-day trial version of vsRisk 2.0 is available and can be downloaded from the Vigilant Software website.
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Vigilant Software Ltd is part of the IT Governance group of companies and is the specialist ISO27001 risk assessment company. It specialises in developing and deploying tools that help organisations manage information security risk in compliance with industry leading standards such as ISO/IEC 27001 and ISO/IEC 27005. Its customer base spans Europe, the Americas, the Middle East and Asia. More information is available at 

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