Rsam, a leader in governance, risk management and compliance (GRC) solutions and RiskLens, the leading provider of cyber risk management and cyber risk quantification solutions, have partnered to connect the Rsam cybersecurity data collection, assessment, and reporting platform with RiskLens’ cyber risk quantification platform based on the FAIR model.
The RiskLens connector for Rsam’s Enterprise Risk Management module is available to customers now and gives organizations a proven methodology for understanding the risk-related financial impact of decisions.
Key features of the integration include:
“When security professionals talk about risk, they often think about vulnerabilities and exposure, and not the potential business impact of the security issues,” said Vivek Shivananda, President of Rsam.
“This partnership provides a connection between technology and the business, enabling organizations to make informed decisions about where to dedicate funding and resources to mitigate risks with the biggest potential financial and business impact.”
RiskLens CEO Nicola (Nick) Sanna commented “Companies now recognize that cyber risk is a significant part of their overall business risk. We’re helping them understand, manage, and prioritize it according to its potential financial impact.
“Transparency around cyber risk and new SEC guidance have increased the importance of quantifying risk in financial terms, and this partnership will help organizations accelerate their ability to comply with those demands.”
RiskLens is the only platform purpose built on FAIR, the international standard for cyber risk quantification, administered by the non-profit FAIR Institute. The Institute was recently recognized by SC Media with a special SC Award as one of the three “Most Important Industry Organizations of the Last 30 Years.”