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KPMG in India launches‘Cyber KARE’

India Blooms News Service | | 31 Mar 2016, 09:59 pm
Gurgaon /Kolkata, Mar 31 (IBNS) In response to the urgent need in the market for a mechanism to assess the level of exposure to cyber risk in organisations, KPMG in India has launched ‘Cyber KARE’, a tool, aimed at empowering senior management to self-asses cyber threats and gauge their current level of preparedness to combat them.

The ‘Cyber KARE’ toolkit is designed for assessment to be performed by senior management and CxOs, and provides a quantitative output depicting organisation’s current positioning with respect to cyber risk exposure (CEI – Cyber Exposure Index) and cyber security preparedness (CPI – Cyber Preparedness Index).

“The adoption of emerging technologies has exposed the institutions to the evolving and growing landscape of cyber threats and vulnerabilities. The number of cases being reported on cyber crimes are growing at a rapid pace. Motivation around cybercrime may range from pure financial gain, to raising the profile of an ideology, to espionage or terrorism. It is important for the senior management to know organization’s cyber exposure and strategies to prepare against the same accordingly. Cyber KARE is a great initiative by KPMG to enable organizations to self- assess their cyber risk exposure.” said Navdeep Singh Virk – Commissioner of Gurgaon Police.

“Boards of large organisations have started to pay more attention to cyber risk, but there is much more they can do. They need to make sure that they have the right skills and knowledge and treat it as a broader business risk that impacts the organization beyond IT in areas such as new product and service development, and M&A,” said Malcolm Marshall - Partner and Global Head, Cybersecurity, KPMG.