Latest news with #CIRI
Yahoo
29-05-2025
- Business
- Yahoo
OSC Edge Achieves Perfect Score on CMMC C3PAO Level 2 Assessment
Premier IT Solutions Provider Demonstrates Unwavering Commitment to Cybersecurity Excellence ATLANTA, May 29, 2025--(BUSINESS WIRE)--OSC Edge, a leading provider of engineered IT solutions for defense and federal agencies, proudly announces it has achieved a 100% score on its Cybersecurity Maturity Model Certification (CMMC) Level 2 assessment as a Candidate Third-Party Assessment Organization (C3PAO). This milestone underscores OSC Edge's dedication to delivering secure, mission-critical solutions for the Department of Defense (DoD) and federal clients. The flawless assessment validates OSC Edge's robust cybersecurity framework, built on secure-by-design systems engineering, NIST SP 800-171 and SP 800-53 governance, and advanced technical controls like endpoint protection, SIEM, and encrypted communications. This achievement positions OSC Edge as a trusted partner for DoD contractors navigating CMMC compliance. "This perfect score is a testament to our team's expertise and commitment to securing our nation's most critical missions," says Tiffany Bailey, CEO of OSC Edge. "We're proud to set the standard for cybersecurity excellence and support our clients with unparalleled solutions." "This achievement reflects years of disciplined processes and a culture of security-first innovation," adds Corey Ogletree, PMP, CISSP-ISSEP, ITIL, GCIH, Director of Information Technology and Cybersecurity at OSC Edge. "Our team's work ensures DoD partners can trust us to deliver compliant, resilient IT environments." The assessment success highlights the collaborative efforts of OSC Edge's cybersecurity team, including Peter Shoars, Kenyatta Jabbar, Neel Patel, and Jatin Gohil, alongside strategic guidance from Lee Hendrickson, Jim Spencer, Skeeter Lieberum, Jina Hardy and Romain Nowakowski. Their work ensures OSC Edge's processes are repeatable, auditable, and aligned with DoD's highest standards. As a mission-focused company, OSC Edge continues to drive innovation in cybersecurity, cloud, and infrastructure, supporting critical initiatives like the Air Force's Base Infrastructure Modernization (BIM) program. About OSC Edge OSC Edge is a wholly owned subsidiary of Cook Inlet Region, Inc. (CIRI), an Alaska Native Corporation proudly owned by over 9,400 Shareholders. CIRI is one of 12 land-based Alaska Native regional corporations created by the Alaska Native Claims Settlement Act (ANCSA) of 1971 and benefits Alaska Native people who had ties to the Cook Inlet region and beyond. Learn more at View source version on Contacts Rebekah TopazMarketing Manager214-662-9697rtopaz@ Sign in to access your portfolio
Business Wire
29-05-2025
- Business
- Business Wire
OSC Edge Achieves Perfect Score on CMMC C3PAO Level 2 Assessment
ATLANTA--(BUSINESS WIRE)--OSC Edge, a leading provider of engineered IT solutions for defense and federal agencies, proudly announces it has achieved a 100% score on its Cybersecurity Maturity Model Certification (CMMC) Level 2 assessment as a Candidate Third-Party Assessment Organization (C3PAO). This milestone underscores OSC Edge's dedication to delivering secure, mission-critical solutions for the Department of Defense (DoD) and federal clients. 'This perfect score is a testament to our team's expertise and commitment to securing our nation's most critical missions,' says Tiffany Bailey, CEO of OSC Edge. Share The flawless assessment validates OSC Edge's robust cybersecurity framework, built on secure-by-design systems engineering, NIST SP 800-171 and SP 800-53 governance, and advanced technical controls like endpoint protection, SIEM, and encrypted communications. This achievement positions OSC Edge as a trusted partner for DoD contractors navigating CMMC compliance. 'This perfect score is a testament to our team's expertise and commitment to securing our nation's most critical missions,' says Tiffany Bailey, CEO of OSC Edge. 'We're proud to set the standard for cybersecurity excellence and support our clients with unparalleled solutions.' 'This achievement reflects years of disciplined processes and a culture of security-first innovation,' adds Corey Ogletree, PMP, CISSP-ISSEP, ITIL, GCIH, Director of Information Technology and Cybersecurity at OSC Edge. 'Our team's work ensures DoD partners can trust us to deliver compliant, resilient IT environments.' The assessment success highlights the collaborative efforts of OSC Edge's cybersecurity team, including Peter Shoars, Kenyatta Jabbar, Neel Patel, and Jatin Gohil, alongside strategic guidance from Lee Hendrickson, Jim Spencer, Skeeter Lieberum, Jina Hardy and Romain Nowakowski. Their work ensures OSC Edge's processes are repeatable, auditable, and aligned with DoD's highest standards. As a mission-focused company, OSC Edge continues to drive innovation in cybersecurity, cloud, and infrastructure, supporting critical initiatives like the Air Force's Base Infrastructure Modernization (BIM) program. About OSC Edge OSC Edge is a wholly owned subsidiary of Cook Inlet Region, Inc. (CIRI), an Alaska Native Corporation proudly owned by over 9,400 Shareholders. CIRI is one of 12 land-based Alaska Native regional corporations created by the Alaska Native Claims Settlement Act (ANCSA) of 1971 and benefits Alaska Native people who had ties to the Cook Inlet region and beyond. Learn more at
New Indian Express
09-05-2025
- Business
- New Indian Express
CIRI score: Corporate India sharpens its approach to risk with level 65
CHENNAI: Indian enterprises are no longer merely weathering turbulence—they are building systems designed to thrive in it. The fifth edition of the Corporate India Risk Index (CIRI) 2024, developed by ICICI Lombard in collaboration with Frost & Sullivan, reveals a sharper, more mature approach to risk. The CIRI score has risen to 65 in 2024, up from 64 in 2023, signaling enhanced risk management across sectors. This modest yet meaningful uptick reflects a broader transformation in how businesses are responding to geopolitical instability, economic slowdowns, AI-driven disruption, and domestic uncertainties—including those related to the upcoming national elections. In this evolving landscape, Indian corporates have not just adapted—they have excelled. In 2024, nine industries achieved 'Superior Risk Index' status. Companies in sectors such as Pharmaceuticals, Healthcare, BFSI, and Manufacturing embedded resilience into their core strategies, turning volatility into a catalyst for innovation and growth. 'This year's findings clearly show that Indian companies are no longer reacting to risk—they are managing it better,' said Sandeep Goradia, Chief - Corporate Solutions, International & Bancassurance at ICICI Lombard. This progress is evident in the improved Corporate India Risk Index. Despite growing challenges, this upward trend reflects a deliberate move toward stronger risk mitigation frameworks. Organizations are embracing long-term resilience strategies, where artificial intelligence, sustainability, and digital agility are increasingly foundational to business planning, Goradia added. AI and Sustainability Lead Risk Strategy Artificial Intelligence emerged as the defining trend of 2024. From predictive analytics in BFSI and manufacturing to AI-powered diagnostics in healthcare and autonomous systems in automotive, companies are leveraging AI to enhance both efficiency and foresight. However, this shift has also brought new vulnerabilities related to data privacy, cybersecurity, and ethical governance. In response, many sectors have strengthened compliance mechanisms and invested in AI-specific risk mitigation strategies. Cybersecurity fortification and sustainability initiatives also emerged as dominant themes shaping corporate risk priorities. Even as external pressures—from national elections and geopolitical unrest to tariff wars and oil price volatility—increased exposure levels, Indian companies responded with more predictive, disciplined, and future-focused risk management practices, driving measurable improvements in resilience. According to Aroop Zutshi, Global President and Managing Partner at Frost & Sullivan, the evolution of India's risk culture is not just visible—it is transformative. 'We are witnessing a decisive shift from reactive risk management to proactive risk intelligence, where anticipation, agility, and strategic foresight are now central to business resilience,' he noted. The steady rise in the Risk Management Index reflects greater board-level engagement, stronger governance frameworks, and a growing emphasis on scenario-based planning. This evolution marks a strategic reimagining of resilience—not just as a defensive measure, but as a driver of sustainable growth and long-term competitiveness.
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Business Standard
08-05-2025
- Business
- Business Standard
BFSI's risk index rise amid global economic stability, says CIRI report
The overall Risk Index of the Banking, Financial Services and Insurance (BFSI) sector in India increased to 66 in 2024 from 64 in 2023, according to the Corporate India Risk Index (CIRI) developed by ICICI Lombard and Frost & Sullivan. The rise is attributed to global economic instability triggered by inflation and geopolitical tensions, which posed considerable challenges to financial markets. 'Volatility in global stock markets and fluctuating interest rates created uncertainty for banks and insurance companies, compelling them to re-evaluate their risk exposure and diversify their portfolios to minimise financial losses,' the report stated. Banks also had to manage an increase in non-performing assets (NPAs), particularly in public sector banks, which required greater focus on credit risk management. Regulatory scrutiny around data privacy, cybersecurity and anti-money laundering intensified in 2024, prompting institutions to invest significantly in cybersecurity infrastructure. The introduction of tighter Know Your Customer (KYC) norms and enhanced oversight of digital lending platforms also led BFSI firms to make significant adjustments to their compliance frameworks. Competition from non-banking financial companies (NBFCs) and fintech startups intensified as these entities introduced innovative solutions tailored to niche markets and underserved segments. This has compelled traditional financial institutions to continuously innovate and prioritise financial inclusion. 'As a result, the BFSI sector accelerated its focus on financial inclusion, pushing for greater penetration in rural and semi-urban areas through digital banking services and low-cost insurance products,' the report added. The insurance segment also witnessed steady growth, fuelled by increasing awareness around health, life and general insurance. This was supported by rising disposable incomes and a shift in consumer mindset towards risk mitigation. While the overall risk index rose, the Risk Management Index of the BFSI segment dropped slightly to 66 in 2024 from 67 in 2023. This suggests that although the sector continued to implement robust mitigation strategies—such as digitalisation, improved cybersecurity and compliance—the magnitude of external risks grew more significantly. Despite these challenges, the BFSI sector's proactive risk strategies, including strengthening liquidity buffers, diversifying investment portfolios and enhancing digital infrastructure, enabled it to navigate volatility effectively. The segment also made notable advances in technology adoption, particularly in digital banking, artificial intelligence (AI) and blockchain, to improve customer experience and operational efficiency. Digital payment systems continued to expand rapidly, backed by strong government support and increased demand for contactless transactions—further propelling India's push towards a cashless economy. AI was widely adopted for fraud detection, customer support and personalised services, helping reduce operational costs while enhancing service quality.
