UK company Citicus Limited has announced the commercial launch of Release 1.0 of its product Citicus ONE - a unique approach for monitoring and driving down the risk associated with using IT systems.
Citicus ONE has been developed with the assistance of 15 companies - Citicus' Launch Partners - all organisations at the forefront of information risk management, including Motorola, British Airways, Pharmacia and Old Mutual.
Citicus ONE is a web-based system, typically installed on an organisation's intranet. It is used to gather data through simple-to-complete assessment forms about the information risk status of all critical information resource (including business applications, computer installations, networks and systems development activities). The business owners of these information resources then receive reports on their risk status, along with guidance on how to drive risk down to an acceptable level. The organisation's senior management receive easy-to-understand reports on the overall risk status of the enterprise, including league tables, priorities for action and statistics on incidents.
Citicus Managing Director, Simon Oxley said: "Most organisations are suffering unacceptable levels of disruption and direct financial loss as a result of security incidents but many of these are avoidable if information risk is properly monitored and actively managed. Citicus ONE provides a unique way of doing this simply, efficiently and rigorously. Organisations are also under a lot of pressure from corporate governance initiatives (such as Turnbull and Basel 2) to be more proactive in risk management. For the first time, Citicus ONE allows them to bring information risk - a increasingly crucial area of operational risk - under good management control. In the information age, this will be a key success factor."
For more information, contact:
Simon Oxley, Marco Kapp or Sian Alcock, Citicus Ltd
Tel: +44 (0)20 7203 8405