The pandemic, an economic downturn, a rapid shift towards working from home, digital transformations accelerating, a re-arranged risk landscape – 2020 taught us that fast, adaptive decision-making requires clear insight into risks, with results that can be easily communicated across an organization.
As that lesson spread in 2020, at RiskLens we began to see significant market movement to Factor Analysis of Information Risk (FAIR™). FAIR supports informed decision-making by analyzing and communicating cyber loss exposure in the financial terms that everyone understands.
“The pandemic accelerated the maturation of the market,” RiskLens CEO Nick Sanna says, “forcing companies to think about what they need to do in transforming their businesses and what are the top risks in the process. At the same time, budget constraints forced them to focus more on achieving better ROI for risk reduction from security investments.
“It’s been a significant evolution in terms of conversations with customers and prospects.”
New Products Introduced in 2020 Extended Our Capabilities
RiskLens announced a series of new, breakthrough products that significantly extended the capabilities of our platform and service offerings to better justify, prioritize and manage the cybersecurity investment decisions and risks that accompany digital growth and transformation.
New Partnerships in 2020 Extended Our Reach
We signed a series of partnerships that will bring the RiskLens platform and processes to vastly wider market, as covered in these blog posts:
Growing Recognition for FAIR from Risk Management Authorities
FAIR gained higher visibility in 2020, as a series of risk management authorities and standards recommended quantification and FAIR by name.
Recognition for RiskLens as a Market Leader in 2020
RiskLens was named to Deloitte’s 2020 North America Technology Fast 500™ for the second consecutive year and Business Insider named RiskLens CEO Nick Sanna one of 50 “People Who Led Cybersecurity through What May Have Been Its Most Important Year Ever.”
Coming in 2021…
Building on the momentum and innovation of 2020, expect to see more product and market breakthroughs – including some very significant advances in risk analytics for cybersecurity controls.
RiskLens is leading a revolution in the way cyber risk is assessed, measured and managed by bringing to market a Software as a Service solution that makes cyber risk quantification a reality.We help organizations translate cyber risk from the technical into the economic language of business.Schedule a Demo