Protiviti Developed Quantitative Approach to Achieve Risk Mitigation Goals
MENLO PARK, CA – April 10, 2019 – Today Caesars Entertainment Corporation (NASDAQ: CZR) in partnership with Protiviti, was honoured with IDG’s 2019 CSO50 Award for its transformational cybersecurity risk assessment. Every year, 50 organisations are recognised 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 at 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 prioritise programme 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
- The NIST Cybersecurity Framework, which adds guidance on control settings and the maturity of the controls
“We’re honoured 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 practise. “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 organisations.”
The 2019 award winners are being honoured at the annual CSO50 Conference + Award Ceremony taking place today in Scottsdale, Arizona.
About Caesars Entertainment
Caesars Entertainment is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment's resorts operate primarily under the Caesars®, Harrah's® and Horseshoe® brand names. Caesars Entertainment's portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognises the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com.