Chief Information Security Officers (CISOs) might want to polish off their resumes. Cybersecurity firm Derive suggests the CISO role could become a “dying breed.” The Virginia-based company has launched a next-generation platform it claims can replace CISOs with data-driven insights.
Derive’s Cyber Risk Quantification (CRQ) platform promises to redefine cybersecurity leadership. The system quantifies cyber risks using Bayesian methods, filling gaps in limited incident data with AI-driven analysis. The result? Businesses can turn cybersecurity decisions into measurable financial insights.
“CISOs are a dying breed, and companies struggle to quantify ROI on cybersecurity investments,” said Alex Nette, CEO of Derive. The platform’s Peer Risk Benchmarks allow businesses to make smarter, faster purchasing decisions based on comprehensive risk modeling.
Cybersecurity Risk Assessment
Key features of Derive include linking cybersecurity spending to risk mitigation results, optimizing budget allocation, and quantifying the value of new tools. It also simplifies cyber insurance scoping and delivers real-time updates as new data emerges.
Corey Neskey, Derive’s CTO and Co-Founder, emphasized the platform’s credibility in boardroom discussions. “Over the next year, we’ll enhance the platform with more integrations, solidifying its position as the future of cybersecurity risk assessment,” he said.
Derive’s approach challenges the traditional CISO role by leveraging data to provide transparency and actionable financial clarity. While some may question whether technology can fully replace human expertise, Derive is betting big on its claim to turn cybersecurity into a measurable business advantage.
Source: Derive Launches as a Replacement for CISOs.
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