Onyxia named a Sample Vendor in Gartner’s 2024 Hype Cycle for Cyber-Risk Management
Introduction
Onyxia Cyber is the world’s first core Cybersecurity Management Platform purpose-built for CISOs and security leaders. It has been recognized in the “Hype Cycle for Cyber-Risk Management, 2024” report by Gartner. Onyxia was named as a Sample Vendor in the newly introduced Cyber Program Performance Management category.
Gartner summarizes cyber-risk management as a current and critical concern for executives and regulators. Cyber-risk management supports governance, risk management, and compliance.
We are thankful for the recognition of our hard work and dedication to building an innovative solution.
“This recognition in the Hype Cycle for Cyber-Risk Management, 2024 report by Gartner is a rewarding achievement” said Sivan Tehila, CEO and Founder of Onyxia. “Meaningful and compelling acknowledgment of our solution is so constructive—the positivity and validation reinforces the drive of our team.”
What is Cybersecurity Program Performance Management (CPPM)?
As the report states, “CPPM involves two linked activities in line with business goals: continuous evaluation of cybersecurity functions and strategic planning for improvement. It uses cyber defense planning and optimization (CDPO), automated security control assessment (ASCA), and cybersecurity performance measurement.”
Gartner continues to explain “CPPM helps plan security programs and reduces redundancy in controls, processes, operations and mitigation capabilities. It also predicts optimal action and investment in cyber risk management.”
Market Value
The pressure on CISOs to effectively manage security strategy and report on business outcomes is at an all-time high and it is still climbing. Gartner's analyst, Michael Kranawetter, rates the benefits of Cybersecurity Program Performance Management as “High”, The market penetration as low (1% to 5% of target audience), and its maturity as emerging. Onyxia’s recognition in this report from Gartner is a great motivation for our team's ongoing effort in the enterprise cybersecurity market.
How Does Onyxia Help CISOs?
Onyxia Cybersecurity Management Platform is on a mission to empower CISOs. An essential tool for CISOs and security leaders, the platform’s core function is to help CISOs measure the performance of their security program. For example, they can measure compliance and experiment with their security stack from within the platform. Additionally, CISOs can use the tools provided on the platform to streamline day-to-day, tactical program management.
Our dynamic platform gives CISOs the tools to:
Measure security metrics and framework performance; continuously evaluate previous program performance and identify gaps.
Increase security stack efficiency, prioritize strategic security investments, and uncover any blind spots.
Generate customized reports to demonstrate compliance with industry regulations, address cyber risk committees, and communicate business outcomes.
Predict your performance using a data-driven approach and AI intelligence
With the SEC’s new regulations, the pressure on CISOs to effectively manage security strategy and report on business outcomes is at an all-time high. Onyxia’s Cyber Program Performance Management provides a coordinated approach to cybersecurity management.
About Onyxia
Onyxia’s solution, an AI-powered cybersecurity management platform, is helpful for CISOs and security leaders and is constantly evolving and expanding its capabilities.
Our platform empowers CISOs and security leaders to make data-driven decisions—-a dynamic approach to building a cyber defense strategy. As a unified platform to help CISOs act fast by making smarter security and investment decisions, Onyxia offers today’s CISO a dedicated platform to measure, manage, and convey the business value of their cybersecurity programs.
Source: Hype Cycle for Cyber-Risk Management, 2024, By Michael Kranawetter, Jie Zhang, Pedro Pablo Perea de Duenas, 22 July 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
