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Bill Frank

I help CISOs justify proposed control investments by translating their cyber posture improvements to reductions in the probability of material financial impact due to loss events.

Bill Frank is an experienced cybersecurity professional currently serving as the Chief Client Officer at Monaco Risk Analytics Inc.1 With over 24 years of experience in the cybersecurity field, Frank specializes in helping organizations manage cyber risks as business risks.1

Key Aspects of Bill Frank's Role and Expertise

Cyber Risk Quantification: Frank's primary focus is on bridging the gap between cybersecurity metrics and business risk.1 He helps Chief Information Security Officers (CISOs) justify proposed control investments by translating cyber posture improvements into quantifiable reductions in the probability of material financial losses.1

GRAACE™ Model: At Monaco Risk Analytics, Frank utilizes the GRAACE™ model, which is described as the next generation model for Cyber Risk Quantification.1 This approach involves:

  1. Identifying loss events of concern to business leaders
  2. Baselining current cyber posture using the Cyber Defense Graph
  3. Running what-if scenarios on control changes to show changes in risk expressed in dollars2

Cyber Defense Graph™: Frank is one of two inventors of Monaco Risk's patented Cyber Defense Graph™ technology.2 This innovative tool:

  • Models an organization's controls' abilities to detect and block threats
  • Visually highlights critical path weaknesses in applications and infrastructure
  • Enables "what-if" scenarios to justify adding or enhancing alternative controls based on risk reduction in dollars1

Professional Background

Before joining Monaco Risk Analytics in March 2021, Frank's career included:

  • Principal of Cybersecurity Solutions and Services at Cymbel (2009-2016)1
  • Experience in various information security areas, including compliance, zero trust, penetration testing, and threat hunting1
  • Work at a SIEM software company in the 2000s, where he designed novel alert correlation approaches2

Bill Frank is active in the cybersecurity community, being a member of InfraGard since January 2019.1 His LinkedIn username is riskpundit, reflecting his expertise in risk management.3

Highlights

Aug 14 · linkedin

What's wrong with the CIA Triad?

Nothing as far as it goes, but a lot if you try to use the CIA Triad to drive your cybersecurity program.

There are three key issues. The most important is that it’s incomplete. Many loss event types do not involve information disclosure, alteration, or destruction/denial.

So what’s the alternative?

Before I can answer that question, I must answer the most basic question. What is the goal of a cybersecurity program?

For that, I turn to Rick Howard and his book, “Cybersecurity First Principles.” Rick’s “Ultimate First Principle,” which I amended slightly: Reduce the probability of material financial impact due to cyber-related business loss events.

If this at all resonates with you, how would you implement it?

Since we are talking about events in the future that may or may not happen to your organization, we are in a world of uncertainty and risk.

Ugh!! We are talking about Cybersecurity Risk Management (CSRM).

Traditional CSRM has not been very useful to security teams.

My article discusses the problems with traditional CSRM and the requirements for a CSRM methodology and tools that are useful to security teams and credible to business leaders who set cybersecurity budgets and approve new control investments.

#CSRM #informationsecurity #infosec #cybersecurity #risk #uncertainty #riskmanagement #information #confidentiality #integrity #availability #disclosure #alteration #destruction #denial

May 19 · linkedin

A Core Vulnerability of Large Language Models Bruce Schneier's recent article, "LLMs' Data-Control Path Insecurity," highlights a fundamental security risk of today's LLMs.

Data and control use the same channel. If you are not familiar with this basic computer architecture issue, Schneier provides several examples from other IT domains.

According to Schneier, what makes this especially problematic is that the current set of LLMs are designed specifically to use the same channel for data and control.

Therefore LLMs are subject to prompt injection vulnerabilities and malicious instructions embedded in training data. Schneier explains several successful injection attacks.

"Someday, some AI researcher will figure out how to separate the data and control paths. Until then, we’re going to have to think carefully about using LLMs in potentially adversarial situations—like on the Internet."

#cybersecurity #infosec #informationsecurity #generativeai #genai #risk #largelanguagemodels

Related Questions

What is the GRAACE process?
How does the Cyber Defense Graph™ work?
What are the key stages of a successful attack according to the Cyber Defense Graph?
How does Bill Frank bridge the cybersecurity metrics - business risk gap?
What are the main components of Monaco Risk's CRQ software?
Bill Frank
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Location

Greater Boston