Caesars Entertainment Corporation, in partnership with the global consulting firm Protiviti, was honored with IDG Contributor Network’s 2019 CSO50 Award for its transformational cybersecurity risk assessment.
Every year, 50 organizations are recognized with the award for their security projects or initiatives that demonstrate outstanding business value and thought leadership.
“Caesars Entertainment remains at the cutting edge of technology, always exploring new ways of enhancing our cybersecurity efforts,” said Scott Moser, chief information security officer for Caesars Entertainment. “Winning the 2019 CSO50 Award wouldn’t have been possible without our valued partner Protiviti, who helped us complete this risk assessment, reevaluate our risk mitigation goals and progress in ways we had not done previously.”
Caesars now uses an enhanced approach to reduce risk and prioritize program resources and budgets. These changes have not only matured the cyber security team but reaffirmed Caesars Entertainment as an industry leader in cybersecurity.
Protiviti, a global consulting firm, evaluated Caesars’ data processes and transactions using a proprietary approach that combined two types of risk assessment: U.S. Commerce Department National Institute of Standards and Technology (NIST) 800-30, the standard risk assessment model that provides general guidance for establishing controls for high-risk areas of a business; and the NIST Cybersecurity Framework, which adds guidance on control settings and the maturity of the controls.
“We’re honored to have been able to partner with Caesars Entertainment on a cybersecurity risk assessment project that delivered significant measurable benefits for our client and also earned them a CSO50 Award,” said Jeff Sanchez, a managing director with Protiviti and leader of the firm’s data privacy practice. “The ability to shift a cybersecurity risk assessment from a qualitative to a quantitative approach is a critical step forward in the data security field, and we’re very pleased that we can now use this same innovative approach to help other organizations.”
The 2019 award winners were honored at the annual CSO50 Conference + Award Ceremony in Scottsdale, Arizona.
