The Customer

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Synechron provides consultancy and digital transformation services for some of the world’s most complex organizations, helping clients navigate technological change while strengthening operational resilience.

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The Challenge

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Despite having a strong cybersecurity posture and well-established security operations, Synechron struggled to engage its Board of Directors in meaningful cyber risk discussions. As Aaron Momin, CISO, explains, they were “facing challenges in actively engaging with the Board and effectively demonstrating the ways they can add value to our discussions, particularly when it came to clearly communicating the comprehensive financial consequences of a potential data breach.” The CISO was seeking a mechanism to bridge the gap between technical risk and business benefits so the Board could fully understand both the immediate and long-term value of cybersecurity investments.

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On a practical level, Synechron sought to:

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• Gain a comprehensive view of risks and potential exposures following a breach or significant cybersecurity incident.
• Identify financial or operational losses that could still arise even after incident response measures.
• Determine which additional safeguards or controls would deliver the most effective long-term risk reducing value.

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Previous attempts were labor and resource intensive,  expensive and did not produce measurable or actionable outputs the team needed for Board-level discussions.

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The Solution

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Synechron selected X-Analytics for its ability to quickly generate cyber risk insights that reflect each business unit’s unique risk characteristics. The platform provided a fact-based, data driven approach with proven cyber risk financial exposure analysis  in order to inform high-stakes Board discussions.

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Key advantages included:

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• Rapid generation of tailored cyber risk financial exposure analysis using detailed firmographic data.
• Data-driven financial exposure loss projections backed by credible sources.
• A flexible framework for evaluating mitigation strategies and prioritizing investments.

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According to Momin, "X-Analytics offers a flexible and dynamic framework for calculating and assessing mitigation strategies. This adaptability allows the company to tailor solutions that are well-suited to its intricate and diverse organizational structure, ensuring that risk management efforts are both effective and aligned with business priorities in different departments and business units.”

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Implementation

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Working closely with the X-Analytics team, Synechron:

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• Configured the platform to align with the company’s unique risk landscape and Board reporting needs.
• Incorporated industry benchmark comparisons for the four major loss categories.
• Enabled scenario-based analysis to evaluate both existing and alternative mitigation strategies, and clearly tie them to potential cost saving exposure reduction.

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The Result

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The implementation provided Synechron with new clarity and control over its cyber risk profile. “We gained clear insight into how our performance in the four major loss categories compares to industry benchmarks,” says Momin. “This allows us to strategically prioritize investments, focusing resources on the areas where exposure and risk must be reduced to acceptable levels.”

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As a result, the company achieved.

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• Benchmark clarity: A clear view of how their performance in the four major cyber risk loss categories compares to industry baselines, identifying where they meet, exceed, or fall below benchmarks.
• Informed investment decisions: The ability to strategically focus investments on the most impactful risk reduction initiatives.
• Board engagement: Clear, evidence based communication of mitigation and remediation strategies, demonstrating the ROI of security expenditures.
• Measured risk reduction: The ability to showcase both global and individual entity reductions in cyber risk exposure, along with significant cost savings.

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“We can now effectively communicate our planned mitigation and remediation strategies to the Board,” Momin explains.

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“This improved transparency helps justify security-related expenditures by showing their direct impact on advancing our overall security maturity - ensuring our efforts are aligned with our defined risk appetite.”

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He adds, “We can clearly showcase both global and individual entity reductions in risk exposure, as well as significant cost savings, all achieved through the implementation of strategically prioritized mitigation efforts.”