eGestalt launches SecureGRC

eGestalt announced the availability of SecureGRC, a breakthrough
solution that provides an end-to-end integration of Security monitoring
with IT-Governance, Risk Management and Compliance (IT-GRC) management
solutions using a cloud based delivery model. The combined solution
provides an ability to address all the Enterprise needs around Security,
Compliance and risk management and provides automation and integration
of policy controls to manage security and IT-GRC related issues. A
number of innovative cost and ownership models are available. There is a
‘Software-as-a-Service’ (SaaS) model coupled with an on-premises
deployment or a completely on-demand cloud based service subscription
offering. This will enable up to 10x total cost of ownership reduction
especially for the cost-conscious Small and Medium business (SMB)
segment.

Information security is assuming critical importance for hassle-free
transactions in enterprises, financial institutions, Government,
defense, Police and individuals. A global study by a leading security
provider in 2009 indicated that 67 per cent of the Indian companies are
very concerned about their business being a target for cyber crime. The
study also reported that India and China have the largest amount of
unreported data leaks, with 35 per cent and 32 per cent respectively.
According to the Privacy Rights Clearinghouse, the records of more than
158 million U.S. residents have been exposed due to security breaches
since January 2005. That’s more than half of the US population that have
been affected. The United States Federal Trade Commission (FTC)
estimates that 67% of victims report that one or more of their credit
card accounts are misused and that 85% of all identity theft involved
misuse of some type of existing financial account. 

SecureGRCTM includes all security and IT-GRC functions required to be
compliant with ready to use compliance frameworks, leading edge context
based inference engines, most advanced alert processing and easy to use
logging and monitoring solution. It is a complete end-to-end automation
of all Enterprise security, compliance, audit, and risk management
needs. 

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