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18187461. CLOUD RESIDUAL RISK ASSESSMENT TOOL simplified abstract (Wells Fargo Bank, N.A.)

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CLOUD RESIDUAL RISK ASSESSMENT TOOL

Organization Name

Wells Fargo Bank, N.A.

Inventor(s)

Tanweer Surve of Coppell TX (US)

CLOUD RESIDUAL RISK ASSESSMENT TOOL - A simplified explanation of the abstract

This abstract first appeared for US patent application 18187461 titled 'CLOUD RESIDUAL RISK ASSESSMENT TOOL

The computing device described in the patent application is designed to assess and compare risks associated with different hosts, allowing for the migration of assets to hosts with lower residual risk scores.

  • Obtain data defining risks for a current host
  • Determine residual risk scores for each risk
  • Aggregate residual risk scores for the current host
  • Obtain data defining risks for a future host
  • Determine residual risk scores for each risk of the future host
  • Aggregate residual risk scores for the future host
  • Compare the aggregate residual risk scores
  • Migrate assets from the current host to the future host

Potential Applications: - Risk assessment and management in IT environments - Asset migration in cloud computing - Security optimization for network hosts

Problems Solved: - Efficient risk evaluation for hosts - Enhanced security measures through asset migration - Streamlined decision-making processes for risk management

Benefits: - Improved overall security posture - Cost-effective asset management - Enhanced risk mitigation strategies

Commercial Applications: Title: "Risk-Based Asset Migration Technology for Enhanced Security" This technology can be utilized by IT companies, cloud service providers, and cybersecurity firms to optimize security measures, reduce risks, and enhance overall asset management strategies in various industries.

Questions about Risk-Based Asset Migration Technology: 1. How does this technology improve risk assessment processes in IT environments? 2. What are the key benefits of migrating assets based on residual risk scores?

Frequently Updated Research: Stay updated on the latest advancements in risk assessment technologies, asset migration strategies, and cybersecurity measures to ensure optimal security practices in your organization.


Original Abstract Submitted

A computing device comprising a memory and one or more processors in communication with the memory and configured to: obtain data defining a first plurality of risks for a current host; determine, a first set of residual risk scores for each risk of the first plurality of risks; aggregate the first set of residual risk scores associated with the current host to form a first aggregate residual risk score; obtain data defining a second plurality of risks of a future host; determine a second set of residual risk scores for each risk of the second plurality of risks; aggregate the second set of residual risk scores associated with the future host to form a second aggregate residual risk score; determine whether the second aggregate residual risk score is less than the first aggregate residual risk score; and migrate assets from the current host to the future host.

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