Every year, Gartner recognizes three companies as “Cool Vendors in Risk Management” for their advancement in digital risk management software. This year, RiskLens (formerly CXOWARE) was recognized for its cyber risk quantification software, along with two other companies that cover other facets of risk management (Camms, Palerra).
In his written announcement, Gartner’s John A. Wheeler affirms that “what sets these vendors apart from others is their ability to provide answers to the following critical questions asked by our clients at Gartner:
- How will these new digital risks impact a company’s ability to achieve its strategic business outcomes?
- In what ways can these new digital risks be quantified to adequately prepare and anticipate a negative business outcome?
- How can a company evaluate the level of risk associated with cloud service providers?”
Gartner clearly sees companies needing to invest in innovative risk management software solutions that can help assess, quantify and communicate on cyber risk using a common language, dollars and cents, that all stakeholders can understand. Such solutions will help incorporate the management of cyber risk as part of their business strategies and help achieve the right balance between protecting the organization and running the business.
To learn more about Gartner’s insights and research note, read the Cool Vendors in Risk Management, 2015 report.
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