Security analytics and metrics are as important to the business as any other key performance indicator - such as liquidity, cash flow, or growth in sales or revenue. Today, more boards and leadership teams are demanding that key security analytics and metrics be included in the operational risk portfolio. This puts pressure on security teams to provide analysis and insights that give management the risk intelligence they need to drive better performance.
Security analytics, when properly designed and implemented, can deliver much-needed insights in mapping the size, scale and scope of risks. Analytics can provide a basis for root cause analysis and remediation strategies across policies, processes and, ultimately, investments in technologies. But what’s the best way to do this in a world where the volume, complexity, velocity, variety and veracity of unstructured and structured data makes the task of identifying risks with traditional security monitoring systems cumbersome? We are seeing transformation in the way security programs are tackling the identification and analysis of risk. Yo Delmar, vice president of GRC solutions at MetricStream, has identified four key ways security analytics can be used to improve business performance.
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