Security Incident Materiality Assessment
Automate and streamline your security incident materiality assessments for timely SEC disclosure and better risk management
Automate Materiality Assessment
The app automates the assessment of security incidents to determine their materiality in compliance with SEC regulations. It streamlines the evaluation process, ensuring that incidents are promptly categorized based on their impact and potential significance.
Custom Materiality Modeling
Users can generate and customize materiality models tailored to their specific regulatory requirements and organizational risk thresholds. This feature allows for precise and adaptable materiality assessments that align with evolving threat landscape.
Document the Process Trail
The app maintains a comprehensive process trail and documentation for each incident materiality assessment, providing a clear audit trail of incident evaluations. This supports transparency and accountability while simplifying reporting at speed.
Quantitative Materiality Assessment – Full or Partial Automation
Full automation uses advanced modeling, algorithms, and predefined thresholds employed to automate the assessment process. In this mode, Essert’s software app makes the decision to withhold incident disclosure, documents the assessments, and completes the process without any manual intervention. The materiality scores are based on established thresholds, pre-customized models, and promptly identifying threats. Full automation ensures speed, accuracy, and scalability. This is highly valuable and ensures compliance with guidelines.
Partial automation in contrast to full automation uses a different threshold. The modeling, and automation process is similar to full automation. In this approach, predefined thresholds are set to flag incidents to withhold. The final decision to withhold is at the discretion of the compliance manager. This balances efficiency and the expertise of human assessors. It allows for the customization of thresholds, making it flexible for scenarios where human judgment is valuable.
With our Stateful Decision Automation, Essert’s solution ensures that incident materiality assessments are not only automated but also context-aware. This innovation allows for smarter, more precise, and compliant decision-making, setting a new standard for incident materiality assessment.
Essert’s automation app enables materiality assessments to keep pace with the speed at which incidents occur. This rapid assessment capability ensures organizations can swiftly categorize and respond to incidents with potential SEC material impact, minimizing risk exposure and regulatory compliance challenges.
Our solution provides the flexibility to customize materiality modeling, allowing organizations to adapt assessments to their unique threat landscape. This customization ensures that materiality assessments accurately align with evolving risks and regulatory requirements, enhancing precision and relevance.
Essert’s SEC Incident Materiality Assessment Automation is fully integrated with the incident remediation process, ensuring a seamless and efficient response to identified material incidents. This integration optimizes incident resolution, minimizes disruption, and facilitates compliance with SEC regulations, providing a comprehensive incident solution.