Information technology company Wipro Limited recently announced a partnership with cyber risk quantification (CRQ) software provider RiskLens to deliver quantitative cyber risk assessments to enterprises and government organizations. The latest partnership deal will leverage the RiskLens’ CRQ platform to perform quantitative risk analysis and measure the effectiveness of cybersecurity controls.
RiskLens provides cyber risk quantification software and cyber risk management solutions to enterprises and government organizations to manage cyber risks. The company claims that it’s the only cyber risk quantification software provider that’s built on FAIR, the standard quantitative model for information security and operational risk.
RiskLens said that its solutions help organizations to decrypt their cyber risk exposure in financial terms, prioritize their risk mitigations, measure the ROI of their security investments, and optimize their cyber insurance coverage.
Speaking on the new investment Nick Sanna, the CEO of RiskLens commented, “After many devastating cybersecurity attacks on global companies, the realization that cyber risk equals business risk has been brought home to senior management and boards of directors, who are now demanding a quantitative accounting of the loss exposure their companies face. FAIR analysis and the RiskLens CRQ platform answer their questions in definitive terms. For Chief Information Security Officers (CISOs) and their teams, this cyber risk quantification enables better decision making from the strategic to day-to-day levels and finally aligns security operations to the needs of the business. Our partnership with Wipro expands our reach across the world, and we are delighted to work with a company of such stature and global reach to spread the benefits of cyber risk quantification through the RiskLens CRQ platform.”
“Wipro strives to deliver value and derive the most for our clients with regard to their security investments. Through this partnership, we look forward to maximum risk reduction for our clients through informed decision-making,” stated Sheetal Mehta, Senior Vice President, and Global Head, Cybersecurity & Risk Services, Wipro Limited.