 |
News Release - 18 December 2002
Hosted service from Citicus brings information risk
under control quickly
UK-based Citicus Limited has launched a hosted service for Citicus ONE,
its web-based, automated risk management solution that enables
organisations to monitor and drive down business risk posed by their IT
systems. The new outsourced service can be used to run a fast-track
pilot of the Citicus ONE solution prior to an in-house implementation or
can be delivered as a fully managed hosted service.
Developed with help from 15 of the world's top companies including
Motorola, Standard Bank of South Africa and ST Microelectronics, Citicus
ONE helps key decision makers to analyse and understand information risk
and its potential cost to their businesses. This means that top
management can direct critical investment and resources where they are
most needed and companies can both reduce risk and demonstrate strong IT
governance across the enterprise. Citicus ONE is based on the FIRM
(Fundamental Information Risk Management) methodology developed by the
Information Security Forum (ISF) - an independent association of some
250 major international corporations. It fully supports established
security standards such as the ISF's Standard of Good Practice and
ISO17799. Using easy-to-complete web-based scorecards and incident
reports, Citicus ONE gathers risk data on all types of information
system, including business applications, e-commerce initiatives,
computer installations, and communications networks. Risk data is
automatically collated, quantified and analysed to provide graphical
risk status reports, league tables and statistical analyses as well as
practical guidance to prioritise actions and drive risk down to an
acceptable level.
The Citicus ONE product has been available since April 2002 for local
installation on a company's intranet but the new hosted service allows
organisations to use the full capabilities of the software without
having to invest in hardware or internal support arrangements. The
service is hosted in a highly secure data centre and is fully managed by
Citicus, who also provide help desk support, consultancy and training.
"Boardroom concern about increasing reliance on IT systems in the
face of greater threats as well as the growing impact of corporate
governance initiatives such as Turnbull and Basel II is putting IT
managers under a lot of pressure to better understand, quantify and
manage business risk," said Simon Oxley, Managing Director,
Citicus. "The new Citicus ONE hosted service delivers a
simple-to-use and effective risk management solution that can be up and
running and delivering results within days." Use of the Citicus ONE
hosted service is charged on a simple subscription basis related to the
number of information systems that are monitored. Pricing starts at
£5,000 per year. One of the first customers of the hosted service is
the Norwegian company Norsk Hydro - one of the World's largest producers
of off-shore oil, aluminium and agricultural fertilisers. "Citicus
ONE will enable us to focus attention quickly and accurately on driving
down information risk and maximise the effectiveness of our expenditure
on security controls," says Ole Johnny Dahle, Director of
Information Security of Hydro IS Partner, the internal supplier of IT
services at Norsk Hydro. "We've already assessed the risks of
several of our key systems, and we clearly see that the reports
generated by Citicus ONE will help us prioritise our security
investments and activities."
For more information:
Contact:
Simon Oxley, Marco Kapp or Sian Alcock, Citicus Ltd, Tel: +44 (0)20 7203
8405
email: info@citicus.com
Back to News
|
