Meet Regulatory Risk Management Requirements with Confidence

Streamline Cyber Risk Management for Emerging Regulations

Business Challenge

New regulatory mandates like DORA, NIS2, and NYDFS, alongside SEC requirements, are reshaping expectations for large enterprises. Organizations are now required to continuously monitor and manage cyber risks that could materially impact their bottom line. Failure to meet these expectations can lead to significant fines, operational disruptions, and reputational damage.

SAFE leverages the FAIR model, the industry standard for quantifying cyber risk in monetary terms, alongside AI-driven, real-time reporting. This empowers enterprises to meet stringent compliance requirements, enhance board-level oversight, and ensure transparency on the material impact of cybersecurity risks.

SEC Rule on Cybersecurity

Scope: Publicly traded companies and financial institutions.
Penalties: Up to $10M per corporate violation; $1M for individuals.
Focus: Disclosure of material incidents and risks, and risk management strategy and governance.

Digital Operational Resilience Act (DORA) - EU

Scope: Financial Institutions.
Penalties: Up to €10M or 2% of global turnover.
Focus: Material incident disclosures, strengthening ICT risk management and operational resilience.

Network and Information Security Directive 2 (NIS2) - EU

Scope: Critical infrastructure sectors like energy, finance, and transport.
Penalties: Up to €10M or 2% of global turnover.
Focus: Risk governance, resilience testing, and prompt reporting of material incidents.

New York Department of Financial Services (NYDFS) - U.S.

Scope: Financial services companies operating in New York.
Penalties: Significant monetary fines for non-compliance.
Focus: Data protection through robust risk management, incl. top risk assessments, third-party cyber risk management.

What Happens If You Fail?

Non-compliance with cybersecurity materiality oversight can lead to:

Fines: Up to 2% of global annual revenue or millions in penalties.
Operational Disruption: Restrictions, suspensions, or halts in business activities.
Reputational Damage: Loss of stakeholder confidence and market credibility.
Personal Liability: Board members and executives face potential sanctions.