SBS CyberSecurity's Growth in TRAC Adoption
SBS CyberSecurity is experiencing an unprecedented surge in the adoption of its TRAC platform, marking a pivotal shift in how financial institutions approach governance, risk, and compliance (GRC) solutions. As these institutions are increasingly confronted with cyber threats and onerous regulatory demands, this rise underscores a clear move toward modern risk management practices.
Record Module Adoption Rates
During a concentrated 11-week campaign, SBS CyberSecurity reported a staggering 506% increase in the activation of TRAC modules, with 218 new modules being introduced. This extraordinary growth represents the highest adoption rate in the company's history, signaling strong interest and confidence in advanced cybersecurity solutions.
Industry Demand for Upgraded Solutions
Toni Meyer, director of product at SBS, emphasized the change in market dynamics, stating, 'This surge tells us that institutions are ready to move beyond outdated tools and embrace smarter, more flexible solutions for cybersecurity and compliance.' The need for innovative tools highlights a changing landscape in the financial sector, where traditional methods are increasingly perceived as inadequate.
Empowering Organizations Through TRAC
The TRAC platform equips organizations with the ability to conduct comprehensive risk assessments and showcase their cybersecurity maturity through compliance with established frameworks like the Cyber Risk Institute (CRI) Profile and the NIST Cybersecurity Framework (CSF). The introduction of a time-sensitive incentive on CRI and premium NIST CSF modules has resulted in these becoming the most popular selections.
A Shift Towards Audit-Ready Tools
Many financial organizations are acknowledging the importance of audit-ready and framework-aligned tools, essential for adapting to evolving exam requirements. The choice of the CRI Profile module by numerous institutions showcases a proactive approach to meeting these upcoming standards, steering away from outdated platforms such as the FFIEC CAT.
Enhancements Driving Adoption
Recent updates to the TRAC product line have further amplified its appeal, featuring enhancements that include executive-level reporting, improved compatibility with various frameworks, and a significantly enhanced user experience. The platform recently achieved an impressive Net Promoter Score (NPS) of 61, indicating high levels of customer satisfaction and solidifying brand loyalty in a competitive market.
Meeting Cybersecurity Risk Management Needs
Meyer commented on the increasing pressures organizations are facing, stating, 'Organizations are under more pressure than ever to manage cybersecurity risk effectively and affordably without added complexity. TRAC is built to meet that need.' The record-setting adoption numbers from this summer reflect SBS's commitment to providing genuine value to these institutions.
About SBS CyberSecurity
SBS CyberSecurity is dedicated to empowering organizations in their cybersecurity efforts. The company specializes in delivering robust risk management programs, IT audit services, and cybersecurity testing solutions, ensuring effective protection for its clients.
Frequently Asked Questions
What is TRAC and why is it important?
TRAC is a platform developed by SBS CyberSecurity that helps organizations assess risks and comply with industry standards, crucial for effective cybersecurity management.
How did SBS CyberSecurity achieve record TRAC adoption?
The company launched an intensive summer campaign that resulted in a 506% increase in TRAC module activations, reflecting heightened interest in advanced cybersecurity solutions.
What enhancements were made to the TRAC platform?
Recent TRAC enhancements include executive-level reporting, improved framework compatibility, and a more user-friendly interface, contributing to higher customer satisfaction.
Why are financial institutions moving towards modern GRC solutions?
Financial organizations are increasingly facing cyber threats and regulatory pressures, driving a shift towards modern, flexible GRC solutions to manage these challenges effectively.
What role does customer satisfaction play in SBS CyberSecurity's strategy?
High customer satisfaction, as indicated by their Net Promoter Score, is central to SBS's strategy, guiding their product development and service offerings to ensure they meet industry needs.
