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.”
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.
We signed a series of partnerships that will bring the RiskLens platform and processes to vastly wider market, as covered in these blog posts:
RiskLens and ServiceNow GRC Integration Now Available, One Click Away
RiskLens Platform Now Integrated with RSA Archer Risk Register
IBM Partners with RiskLens to Offer FAIR Cyber Risk Quantification to Its Global Client Base
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.
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.