Integration Combining Leading Cyber Risk Quantification Software with Industry-Leading Integrated Risk Management Solution Promises to Deliver the World's Fastest Risk Assessments
March 19, 2019 – Spokane, WA: RiskLens, the leading provider of cyber risk quantification (CRQ) software, today announced they have completed the integration of the RiskLens Platform with ServiceNow Governance, Risk, and Compliance (GRC), a leader in the Gartner Magic Quadrant for Integrated Risk Management. Joint customers can begin using this new integration immediately.
ServiceNow GRC customers will be able to invoke quantitative risk assessments directly from ServiceNow and export results of the RiskLens analysis directly back into its risk register, where they can be managed from the business perspective. Quantifying cyber risk in financial terms allows organizations to manage their cybersecurity programs from the business perspective and help them in several ways, by:
- Improving reporting of cyber risk to the business and the board in a language they understand – dollars and cents
- Prioritizing cybersecurity initiatives based on business impact
- Calculating the ROI of cyber initiatives
- Meeting regulatory requirements (top risk assessments, risk appetite)
- Optimizing cyber insurance coverage
The RiskLens Platform is built on the Factor Analysis of Information Risk (FAIR) standard, which is now trusted by more than 4,500 leading professionals in security and risk, and represented within 8 out of the Fortune 10, 75% of the Fortune 50 and nearly 30% of the Fortune 1,000 organizations.
"RiskLens is trusted by some of the largest organizations around the world as the experts in cyber risk quantification,” said Nick Sanna, CEO, RiskLens. “We help them do what was once thought impossible – translate the technical conversation of cyber risk into financial terms that the business can understand. This is a must for any business that truly wants to manage cyber risk - and risk quantification is now seen as a core pillar of any Integrated Risk Management program according to Gartner. We are building an ecosystem of partners which represent the best in their respective industries. As a leader in the Integrated Risk Management space, we are proud to integrate the RiskLens Platform with ServiceNow and are excited to offer this to our joint customers.”
"In order to drive effective, Integrated Risk Management programs, organizations need to be able to prioritize and respond to risk based on the impact to the business,” said Sean Convery, vice president and general manager of ServiceNow’s Security and Risk Business. “Customers now have the ability to combine the risk analysis available in ServiceNow GRC with advanced quantification techniques to help strengthen their risk posture.”
RiskLens and ServiceNow recently demonstrated the integration at the RSA Conference 2019 in San Francisco - where RiskLens was a finalist for Best Policy and Risk Solution in the prestigious SC Magazine Awards. The companies will soon be launching a series of educational tools for clients to better understand the power of the combined offering. For more information on this partnership, or to schedule a meeting to discuss how RiskLens can be added to your ServiceNow subscription, visit store.servicenow.com or contact your ServiceNow representative.
RiskLens is the leading provider of cyber risk quantification software. Its platform is recognized as a mission-critical business application for cybersecurity and risk teams across the Fortune 1,000. RiskLens empowers large enterprises and government organizations to manage cyber risk from the business perspective by quantifying that risk in monetary terms. Clients depend on RiskLens solutions to better understand and decipher their cyber risk exposure in financial terms, prioritize their risk mitigations, measure the ROI of their security investments, and optimize their cyber insurance coverage. RiskLens is the only cyber risk quantification software purpose-built on FAIR, the standard quantitative model for information security and operational risk. For more information visit the RiskLens website at www.risklens.com.