Skybox Asset Management

Cloud-based asset management services like Skybox Asset Management can be extremely beneficial for any organization. Not only do they help organizations battle ransomware attacks, but they also integrate with ITSM. And while Skybox does charge a 12b-1 fee, the services are well worth the cost. This review explores some of the ways in which this asset management service can benefit organizations. Read on to learn more. And stay tuned for part two, which will focus on how Skybox can help your organization save money and avoid costly ITSM mistakes.

Skybox asset management is a cloud-based service

Skybox Asset Management
Skybox Asset Management

Skybox asset management is a cloud-delivered service that unifies security policy management, maintenance, control, and visibility. Its configurable dashboard views provide a holistic view of an organization’s internal standards compliance posture. Its platform helps IT teams gain visibility into network topology, security controls, and asset connectivity. This data is then used to prioritize remediation options. Users can also use Skybox’s analysis features, such as risk scoring and network topology, to identify vulnerabilities, prevent them from compromising critical business assets, and mitigate risks.

The network map feature of Skybox is particularly useful for managing multi-cloud and OT networks. It can provide in-depth path information and geographic locations for troubleshooting connectivity problems. The network map also gathers vital information about access routes and security groups, and can facilitate ad hoc queries. A Skybox network map makes it possible to easily view data about the location of assets from the client’s perspective.

It helps organizations fight ransomware attacks

The first step in fighting ransomware attacks is determining “patient zero,” or the first infected system or application. The next step is investigating all the data sources and configurations associated with that host or application. Then, a comprehensive action can be taken to contain the infection and provide enough time to conduct risk assessment procedures. While most people understand the motivation of cybercriminals, clients may not be as understanding and forgiving of a lack of transparency or recklessness.

The proliferation of ransomware is staggering, especially considering the virtual working environment. One recent study by Skybox Security found that ransomware incidents increased by 72% in just one year. For financial institutions, an effective response plan is critical, since the speed and effectiveness of the response can mitigate the cost of cyber attacks. But the speed and effectiveness of the response will make the difference in preventing the devastating effects of a cyberattack.

It integrates with ITSM

ITSM tools, such as Skybox, can improve performance by integrating with the latest security technologies. IT and security teams use Skybox to improve their strategic planning and aligned approach to cyber risk management. To ensure the most comprehensive cyber security strategy possible, an organization needs a single pane of glass view of assets and vulnerabilities. Skybox can collect vulnerability information from active and passive scanning solutions, as well as proprietary scanless detection technologies.

Ultimately, the combination of ITAM and ITSM can increase IT service quality, reduce costs and risks, and increase employee experience. ITAM and ITSM can improve business processes and increase employee satisfaction by giving employees a better experience using enterprise-wide assets and services. It can be implemented into existing ITSM processes, as well. ITAM and ITSM are complementary, and should be used together for the best possible results.

It charges a 12b-1 fee
Skybox Asset Management
Skybox Asset Management

There is no standard amount for 12b-1 fees, but they usually range from 0.25% to 1% of net fund assets. While this fee is small, over time it can be a significant chunk of change. The fees also tend to be baked into expense ratios, which can cut into performance. As a result, some investors don’t want to use 12b-1 funds. For this reason, some managers offer performance-based fees, but it’s not uncommon to see these charges as an extra expense in a mutual fund.

A 12b-1 fee is a recurring annual expense paid by mutual funds. It’s usually a small percentage of the overall expense ratio, but is included as part of the annual distribution fee. Mutual fund investors pay the fee for the fund advisor’s service, marketing and promotion expenses. This fee can add up to 1% of the total expense ratio of a fund, which may be worthless.

It is vendor agnostic

Skybox‘s multidimensional network model integrates with leading ITSM tools such as VMware NSX-T and provides capabilities for next-generation firewalls, virtualized environments, and Internet of Things devices. Its unique scanless detection and granular insights enable organizations to improve security posture and optimize security policies across disparate networks and environments. And, it has expanded its list of technology partners to include Arista Networks, Check Point, and Cisco.

In today’s highly competitive cybersecurity market, effective vulnerability management systems are essential to provide total visibility and actionable security intelligence. Many vendors focus on specific problems, but Skybox’s vendor agnostic platform integrates with over 130 leading networking and security technologies and analyzes the data to deliver insight on major risks and compliance issues. This allows users to identify vulnerabilities and mitigate them quickly. Additionally, the platform is vendor-agnostic, so it supports various security tools and security solutions without requiring a third-party installation.

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