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No More Risky Business! Verizon Business Makes Assessing Security Risk as Easy as 1, 2, 3

Businesses can now stop speculating about which security threats pose the greatest risk. Verizon Business today launched its Risk-Correlation Service, a fully automated, managed-security solution that automatically calculates risk and displays the results via an online scorecard
  • 29 January, 2009 10:32

<p>Managed Service Helps Enterprises More Effectively and Efficiently Secure Their IT Environments</p>
<p>SYDNEY, Australia – 29 January 2009 – Businesses can now stop speculating about which security threats pose the greatest risk. Verizon Business today launched its Risk-Correlation Service, a fully automated, managed-security solution that automatically calculates risk and displays the results via an online scorecard. The service prioritises current and emerging threats -- allowing enterprises to more effectively and efficiently remediate high-risk vulnerabilities, better plan security strategy and allot security-related spending.</p>
<p>“In today’s economy, businesses are working hard to accomplish even more with less,” said Michael Marcellin, vice president of global managed solutions, Verizon. “The beauty of the Verizon Risk-Correlation Service is that it empowers customers to focus their security efforts on what is most critical to the business. Now enterprises only need to react to true threats.”</p>
<p>The global service is immediately available to managed security services customers throughout the U.S., Europe and Asia-Pacific.</p>
<p>Understanding the Need for Risk-Based Correlation</p>
<p>An important component of managing a corporate IT environment is understanding the risk that security incidents present. This managed security service identifies and evaluates security risk by combining two factors: the likelihood that an attack will be successful, and the adverse impact of an attack on a business including the financial, reputational and regulatory-compliance costs.</p>
<p>The Verizon Risk-Correlation Service uses the Common Vulnerability Scoring System (CVSS), the industry standard that enables enterprises to rate IT vulnerabilities including whether an attack is aiming to compromise a device’s confidentiality, integrity or availability. Determining whether the intent of an attack is to cause a system wide outage or steal confidential customer information provides valuable insight that helps identify the best remediation approach.</p>
<p>“With the Risk-Correlation Service added to its Managed Security Services suite, Verizon Business is offering customers a solution that encompasses security monitoring and addresses risk understandable to business,” said Counse Broders, senior research director at Current Analysis. “Verizon Business is bringing together all the pieces of the security puzzle with an approach for customers that will help them better deal with the ever-changing security landscape.”</p>
<p>User-Friendly Scorecard Simplifies Complex Risk Equation</p>
<p>Verizon Business helps determine risk and its impact by taking into account the threat, the vulnerability of the device, and the impact of successful attacks. Using an online risk-intelligence scorecard, Verizon Business synthesises this information and presents it in an at-a-glance view with text and graphical images.</p>
<p>The scorecard provides “likelihood” and “impact” scores, so customers can see the likelihood of a threat occurring and the risk to their business if the attack is successful. Additionally, the scorecard includes a confidence score. The higher the confidence score, the more information Verizon Business has obtained about the asset and threat, allowing it to make intuitive threat forecasts for customers. Based on these insights, customers can determine the best way to reduce the vulnerability and its impact on an organisation.</p>
<p>Verizon Business Security Solutions</p>
<p>The addition of the Risk-Correlation Service continues to fill out Verizon Business’ Managed Security Services suite, one part of the company’s security portfolio that includes governance risk and compliance solutions, data loss and prevention solutions, identity management solutions, and managed security services. The company’s more than 1,100 security professionals around the globe deliver these offerings through a range of managed services, professional services and technologies, based on what best suits the customer. More information is available by visiting http://www.verizonbusiness.com/us/security.</p>
<p>- Ends -</p>
<p>About Verizon Business</p>
<p>Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a global leader in communications and IT solutions. We combine professional expertise with the world’s most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today’s extended enterprises of widespread and mobile customers, partners, suppliers and employees — enabling them to increase productivity and efficiency and help preserve the environment. Many of the world’s largest businesses and governments — including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions — rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com</p>
<p>Media contact:</p>
<p>Gabriel Wong</p>
<p>02 9954 3462</p>
<p>gabriel.wong@maxaustralia.com.au</p>

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