SimSpace Industry Solutions
Reduce your cyber risk.
Improve your security posture.
Increase your readiness.
The SimSpace Cyber Risk Management Platform helps organizations across industries evaluate the effectiveness of their security teams and tech stacks using high-fidelity range testing and simulations.
Building client trust and confidence
Mitigate data breach risks, compliance violations and audit costs by validating people, processes and technology.
4x According to a report by Accenture,
financial services firms who’ve mastered cybersecurity are nearly four times more effective at stopping breaches.
Increasing customer demand for easy access to their financial data or online banking services is driving the need to provide fast, secure services. Build security into all of your business processes without slowing delivery by testing the impact of new initiatives before they push to production.
Firms can reduce cyber risk by continually assessing and improving team readiness and fine-tuning tech-stack configurations. SimSpace allows financial IT security leaders to put their remediation processes to the test with realistic attack scenarios and life-like user emulation.
Many financial industry standards and regulations require security training based on job function. We enable your personnel to train in realistic environments, so you can meet regulatory requirements while also upskilling your talent. Organizations use SimSpace to engage in cyber readiness assessments and map performance to critical compliance mandates such as PCI DSS, FFIEC, NY DFS and SOX.
Practice defending your environment from real-world threats in order to safeguard customer data and maintain their trust.
62% According to a survey by PwC,
62% of consumers stated that protecting data and cybersecurity is the top factor for trust. Employees and business leaders also agreed that protecting data and cybersecurity is the top factor.
Due to the wealth of personally identifiable information (PII) collected, insurance is a highly regulated industry. Security teams leverage SimSpace’s analytics to easily produce evidence of compliance with business-critical regulations such as NYDFS, HIPAA and PCI DSS.
Cyberattacks on insurance companies, such as ransomware, have increased in recent years. With SimSpace’s live-action range exercises, you can prepare your team for different attack scenarios and test your cyber defenses, such as scanning messages and blocking IP traffic and spam.
Emerging threats require security teams to have the latest skills and techniques. Upskill your staff by training them in a realistic environment to defend against real-world attacks.
Validate people, processes and technology through training and evaluation to simplify your compliance initiatives.
$1.76 million According to an IBM report,
the difference in the average cost of a breach between mature Zero Trust organizations and organizations without Zero Trust is $1.76 million. The Executive Order on Improving the Nation’s Cybersecurity advises organizations to advance Zero Trust architectures.
The best way to train your security team to meet NIST requirements is through hands-on experience. SimSpace’s hyper-realistic range deployments allow public sector organizations to run simulated attacks that provide the real-world training needed to build a robust security and compliance program.
Optimizing your security stack is fundamental to ensuring the highest return on investment (ROI). But it’s difficult to know how a new tech stack element or configuration will affect your security and business operations until it’s already in production. With SimSpace, public sector entities can leverage a high-fidelity testing environment to tune their security stacks and quantify the security impact of specific products and architectures before they go into production.
Gathering the documentation needed to demonstrate compliance with public-sector security regulations is a resource-intensive process when done manually. Government security teams can leverage SimSpace’s analytics to automatically produce documentation that proves governance and compliance. Organizations can also map cyber readiness assessments to key mandates to develop the skills needed to stay compliant.
Safeguard sensitive patient data
Optimize your security tech stack and deliver a better, more secure caregiver experience and help maintain and document regulatory compliance.
$9.23 million Average healthcare breach in 2021.
Healthcare has the highest average cost of a breach for the 11th year in a row. IBM Cost of a breach report 2021.
During the pandemic, many doctors and other healthcare providers had to adapt their usual in-office care model to offer out-of-office telehealth care. Although this provided better patient access, using internet-based tools, like video conferencing, increased their digital footprint, leading to an increased attack surface. The result? Cybercriminals have increased the frequency and severity of cyber-attacks on healthcare organizations.
Many healthcare organizations have progressed to a digital-first engagement strategy due to its scalability, improving clinical outcomes, and enhanced patient care. SimSpace enables healthcare IT teams to assess and improve their organizational security posture without interrupting the quality of patient care.
Due to the sensitive nature of the data being handled and the frequent targeting by cybercriminals, healthcare is a very highly regulated industry, such as PCI DSS, HIPAA, and HITRUST. SimSpace can also help organizations validate and prove compliance with relevant regulations.
Healthcare IT professionals must build security into their processes to defend their organization from hacks and data breaches. SimSpace’s risk reduction platform allows cybersecurity professionals to gauge how security processes impact compliance, test and validate patches, evaluate existing tech stack using realistic conditions, and assess new cybersecurity tools before purchasing.