eGestalt launches SecureGRC

eGestalt launches SecureGRC

By SiliconIndia   |   Thursday, 25 February 2010, 09:24 Hrs
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Bangalore: eGestalt, a technology solutions and services firm focused on cloud based managed services has launched 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 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 ten times the total cost of ownership reduction especially for the cost-conscious Small and Medium business 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 percent 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 percent and 32 percent 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 U.S. population that have been affected. The United States Federal Trade Commission (FTC) estimates that 67 percent of victims report that one or more of their credit card accounts are misused and that 85 percent 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.

There is built in Framework support for RBI Compliance, NSE, BSE, MCDEX, PCI, ISO, COBiT, SOX, BASEL II, HIPAA, FISMA, and other country specific frameworks which are ready to use. SecureGRC has a not-so-far-seen value-add in terms of integrating, synergizing and transforming information from various sources into alert raising actionable solutions, helping in identifying the source of the attempted attack through pattern and correlation analysis, and plugging the loop hole before it takes major dimensions.

"We believe SecureGRC delivers what our customers have been asking for, an integrated solution for security and IT-GRC through an integrated dashboard," said Chandra Sekhar Bilugu, Chairman and CEO of eGestalt. "We are very excited to bring a pioneering solution to our worldwide customer base using our innovative patent pending cloud based SaaS offering."

The Integrated SecureGRC solution is built using patent pending security and IT-GRC technology solution from eGestalt. It leverages and builds upon the standards compliance solution (from ControlCase Inc), effective data loss prevention and net forensics (from NetWitness), and end-device security (from Safend) solutions as well.

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