Printer Friendly

Upstream Solutions.

Upstream Solutions, a Minneapolis-based software firm, has developed a new application it calls an Inferential Risk Model tool. The IRM applies a statistical analysis to really understand the security and compliance risks a company faces, especially under the plethora of new laws, including Sarbanes-Oxley.

The eight-year-old company says the new product uses statistical analysis--gleaned from 15 years of information technology data--to determine the probability of risk to information assets. The outcome is a risk index, which serves as a bar for an organization to move on a scale of 0 (no risk) to 100 (maximum risk). Upstream Solutions then devises scenarios that will illustrate how a risk index can be reduced.

Art Drake, Upstream's Director of Business Assurance Services, says that customers can choose from a variety of options, from doing a baseline report to regular monitoring to detect changes. The company has been working since last year to refine the product with a couple of clients, one of which is Piper Jaffray, the regional brokerage firm.

Drake says Upstream has a history in product assurance testing that it is using to build business assurance models that focus on four principal criteria: security, continuity, reliability and quality. At this point, Upstream is focused on several vertical markets--among them financial services, health care, utilities and government--that are subject to compliance laws like Gramm-Leach-Bliley and HIPAA.

Pricing of the IRM product is based on a company's number of IP (Internet) addresses, Drake says. He adds that based on the experience with Piper Jaffray, a risk assessment could be completed in a couple of weeks.

Web: www.upstreamsolutions.com
COPYRIGHT 2004 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Risk Management
Publication:Financial Executive
Date:Jun 1, 2004
Words:266
Previous Article:Oversight Technologies.
Next Article:Beyond the Core: Expand Your Market Without Abandoning Your Roots.


Related Articles
On vertical restrictions and the number of franchises: comment.
Upstream Planning.
ISSUES ARISING FROM LNG SUPPLY PROJECT'S STATUS.
IBM SHARK, 800 and 800 Turbo disk storage, gains support of innovation solutions.
INDONESIA - Profile - Rachmat Sudibyo.
INNOVATION Data Processing announces S/390 Linux rescuer.
Managed care and downstream risk: placing the provider and the patient at-risk. (Health Policy Update).
Slick operators: Japan's upstream industry gets a crude awakening: from refining the world's most volatile commodity to refining the way it does...
Comparing risk of West Nile virus against risk of adulticiding.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters