The altercation with a cyber risk environment for companies that strive to transform into digital businesses of the future is inevitable. The need of the hour is an advanced risk management capability; one that is nimble enough to help companies recover fast from attacks as well as improve their future defense capability. This is where Coalfire steps in, providing IT audit, security assessment, and IT compliance management solutions. “We constantly evaluate threats that emerge from current technology trends like cloud and mobile, and combat it with services that include deep technical assessment and compliance solutions,” informs Rick Dakin, CEO and Chief Security Strategist, Coalfire.

Focusing primarily on risk management, all of Coalfire’s solutions are issued after thorough consultation. “We do not offer premeditated solutions, but rather technology tools that are a perfect fit for a particular business issue,” says Dakin. Also, since the company narrows its services to cyber risk and compliance, their expertise runs deep in technical skills, evaluation, and mitigation of risks. In line with this, Coalfire offers the Federal Financial Institutions Examination Council (FFIEC) Assessment, which is designed to assist federally insured financial institutions with risk reduction, enable FFIEC compliance, and increase operational efficiency. “While our competitors engage in several services, at Coalfire, we believe in emphasizing and honing on our niche approach— independent cyber and compliance risk advisory,” he adds.

Conducting 1500 assessments and advisory engagements in a year, Coalfire has witnessed varied security threats. In response, the company has devised an innovative enterprise risk and compliance platform—Navis, which tailors workflow and communication. Navis comprises of a number of SaaS solutions that provide organizations protection against data breaches, while effectively maintaining compliance.