What is VivoSecurity?

VivoSecurity specializes in using advanced statistical and AI models to deliver robust predictions on the likelihood and financial impact of data breaches. The company's solutions equip organizations with empirical, transparent, and regulator-compliant tools to assess and manage cyber risks, particularly those posed by third-party vendors. By quantifying both direct and cumulative risks, VivoSecurity provides actionable insights that help senior management set risk appetite goals, optimize cybersecurity investments, and satisfy regulator requirements.

The platform's technology replaces traditional, opinion-based risk assessments with data-driven forecasting, supporting thorough vendor evaluations and cost analyses. Industries including banking, biotech, pharma, medical, and any sectors handling sensitive personal information benefit from VivoSecurity’s innovative approach, which supports model validation, maintenance, and comprehensive reporting for audits and regulatory compliance processes.

Features

Empirical Regression Models: Utilizes AI-driven statistical models for accurate breach probability and cost forecasting.
Third-Party Risk Assessment: Quantifies risk across all vendors to identify exposures missed by traditional methods.
Cost Analysis: Provides detailed cost breakdowns, including investigation, notification, reputation damage, and lawsuit probability.
Regulatory Compliance Support: Fully compliant with standards such as SR11-7, HIPAA, and NIST 800.30.
Actionable Peer Comparison: Enables organizations to benchmark cybersecurity risk and spend against industry peers.
Model Validation & Documentation: Offers full support for validation and documentation for audits and regulatory processes.

Use Cases

Forecasting the frequency and financial impact of data breaches for risk management.
Quantifying and mitigating cumulative third-party cybersecurity risk for compliance.
Preparing detailed risk assessment and cost breakdowns for regulatory audits.
Benchmarking organizational cybersecurity performance against industry standards.
Optimizing cybersecurity budgets and risk transfer strategies through predictive insights.

FAQs

How does VivoSecurity quantify third-party vendor risk?

VivoSecurity applies empirical regression models to measure the probability and potential cost of data breaches from third-party vendors, providing transparent and testable forecasts.
Can VivoSecurity assist with regulatory compliance requirements?

Yes, its models and reporting are designed to comply with regulatory standards such as SR11-7, HIPAA, and NIST 800.30, supporting model documentation and validation needs.
Which industries benefit most from VivoSecurity's solutions?

Financial institutions, banks, biotech, pharmaceutical, medical organizations, and any sector handling sensitive data benefit from its predictive risk analytics.