December 21, 2015 | Palo Alto, California: Styrolution, a global leader in Styrenics, was awarded the “Cyber Security Initiative of the Year” at the Risk Management Awards 2015 hosted by Continuity, Insurance & Risk (CIR) Magazine, a leading UK-based business publication. The Risk Management Awards ceremony was held on November 12, 2015 at the Cumberland Hotel in London, and recognized leading individuals, organizations, and teams that have added to the understanding and best practice of risk management.

Styrolution was recognized for its initiative to establish an integrated cyber security management system that harnesses massive volumes of security data from across the enterprise, correlates it with other risk and compliance metrics, and transforms this data into actionable risk and security intelligence. Thorsten Eidmann, Information Security Officer at Styrolution, accepted the CIR Risk Management award on the company’s behalf.

“We are delighted to have won this award,” said Abeed Hossain, Director of Global IT Operations at Styrolution Group GmBH. He continued, “One of our top priorities, over the past year, has been to build a truly world-class cyber security management program, aligned with our broader enterprise risk management initiatives. Today, we’re well-positioned to effectively anticipate and mitigate our security risks. With MetricStream’s help, we’re able to pull together threat information from multiple different sources, in real time, to create a holistic picture of our cyber security risks. This, in turn, helps us identify where the real issues or threats lie, so that we can proactively take steps to remediate them.”

Styrolution has implemented the MetricStream IT GRC Solution which enables the company to automatically capture data from multiple vulnerability scanning devices, threat intelligence feeds, and other data sources. This data is then linked to critical assets for a comprehensive risk view. The IT GRC Solution also supports threat scoring based on industry standards such as CVSS, and triggers a systematic and consistent workflow for threat remediation. Based on MongoDB and MapReduce frameworks, the Solution gathers, filters, and helps analyze massive swathes of security big data to provide actionable risk intelligence that supports decision-making.

Commenting on Styrolution’s win at the CIR Risk Management Awards, Gaurav Kapoor, Chief Operating Officer at MetricStream said, “This award validates the strength of Styrolution’s cyber security initiatives, and recognizes the company’s commitment towards building an exceptionally resilient and risk-intelligent organization. We’re delighted to partner with a leading organization like Styrolution on their journey to integrate, automate, and strengthen their cyber security initiatives. We congratulate them on this well-deserved recognition.” 

 

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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