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XM Cyber at GoTech World 2024

In a recent presentation at GoTech World 2024, Frank Herold, Head of Exposure Management, and Borislav Roussanov, Senior Professional Exposure Management, addressed the challenges and solutions related to cybersecurity and vulnerability exposure management, providing a detailed insight into the group's complex security strategy.

Frank Herold explained the concept of proactive exposure management, a modern and comprehensive approach to cyber risk management. Unlike traditional vulnerability management, which focuses exclusively on identifying and remediation of technical vulnerabilities (CVE - Common Vulnerabilities and Exposures), exposure management covers a broader spectrum of risks, including non-CVE vulnerabilities such as cached credentials or misconfigurations. This methodology provides a holistic view of all security risks, essential in an increasingly complex cyber environment.

Borislav Roussanov emphasized the differences between traditional vulnerability management, which involves scanning, assessment, prioritization, and remediation, and Schwarz Digits advanced approach. "Organizations are faced with a vast volume of assets and vulnerabilities, and remediation of all of them is not always possible," Roussanov explained, pointing to the importance of identifying "choke points," those critical points in the path of a potential attack that enable effective exposure management.

To deal with growing cyber threats, Schwarz Digits uses the XM Cyber platform to simulate attacks and analyze pathways to critical assets. This tool not only identifies existing vulnerabilities but also simulates how they could be exploited. "Our platform enables focused remediation on critical vulnerabilities, reducing risk by up to 75%," Herold emphasized. This type of automation and continuous monitoring facilitates collaboration between security and IT teams, focusing on managing relevant exposures.

The importance of speed and flexibility

In addition to its cybersecurity efforts, Schwarz Digits has also made a name for itself by providing a robust and secure cloud IT infrastructure for companies in highly regulated industries through STACKIT. This cloud platform, dedicated to European industry, combines data sovereignty (with data centers in the EU and headquarters in Germany) including open-source technology, providing a highly secure, scalable, and cost-effective IT solution. Coming from the retail sector, STACKIT takes a hands-on approach, with each project implemented quickly and efficiently.

Schwarz Digits ensures reliable support and uninterrupted business operations, even in times of uncertainty. This stability enables the organization to navigate challenges effectively while maintaining a consistent focus on operational excellence and dependability.

The platform is characterized by speed and flexibility, and the services are virtualized and permanently available without restrictions. STACKIT also offers a flexible pay-as-you-go pricing model, eliminating maintenance costs and unnecessary capacity, while providing unrivaled scalability - services can be activated or deactivated as needed.

"When we talk about data security at Schwarz IT, within Schwarz Digits, to be more precise, we integrate data security into the broader concept of digital sovereignty. This means using and protecting data in compliance with European values and norms - be it NIS2, EU Cybersecurity Act, DORA, GDPR, or other European standards. We have our own cloud solution, STACKIT, and also a cybersecurity solution, XM Cyber. The XM Cyber approach is modern, proactive, and highly automated within a CTEM (Continuous Threat Exposure Management) framework. Both solutions support the companies of Schwarz Group, which generated €167 billion in business in 2023. As we have complete confidence in these products and the competencies of our colleagues, we also have full confidence in offering them to our customers through our new technology division, Schwarz Digits." - Octavian Ichim, CEO Schwarz Global Services Hub Romania

This positions the companies of the Schwarz Group and Schwarz Digits as innovators not only in retail but also in technology, demonstrating how a global organization can seamlessly combine operational excellence with a forward-thinking digital strategy in the field of digital transformation. The adoption of advanced exposure and vulnerability management solutions, integrated with AI and other cutting-edge methods, reflects the companies of the Schwarz Group's commitment to security and innovation, setting a benchmark for the global industry.

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*This is partner content.