New services will answer the rising and urgent demand from enterprises for better insights into losses from cyber-attacks.
Spokane, WA and Bangalore, India – February 28, 2019: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and RiskLens, the leading provider of cyber risk quantification (CRQ) software and cyber risk management solutions, today announced a partnership to deliver quantitative cyber risk assessments to enterprise customers and government organizations.
As part of the agreement, Wipro will leverage RiskLens' CRQ platform to perform quantitative risk analysis, measure the effectiveness of cybersecurity controls and provide the rationale for adequate cybersecurity investments.
The RiskLens CRQ platform is the only application based on the Factor Analysis of Information Risk (FAIR) model, the international standard for cyber risk quantification. Wipro’s Cybersecurity & Risk Service (CRS) division will offer FAIR methodology based risk analysis through the RiskLens platform and aid organizations in the development of cyber risk quantification programs along with its extensive practice in risk intelligence, integrated threat management and security management services. Several members of the Wipro CRS team will be trained and certified as FAIR risk analysts through the FAIR Institute, the non-profit expert organization that promotes education on FAIR and sharing of best practices.
Nick Sanna, CEO, RiskLens commented that, “After many devastating cybersecurity attacks on global companies, the realization that cyber risk equals business risk has been brought home to senior management and boards of directors, who are now demanding a quantitative accounting of the loss exposure their companies face. FAIR analysis and the RiskLens CRQ platform answer their questions in definitive terms. For Chief Information Security Officers (CISOs) and their teams, this cyber risk quantification enables better decision making from the strategic to day-to-day levels and finally aligns security operations to the needs of the business. Our partnership with Wipro expands our reach across the world, and we are delighted to work with a company of such stature and global reach to spread the benefits of cyber risk quantification through the RiskLens CRQ platform."
Sheetal Mehta, Senior Vice President and Global Head, Cybersecurity & Risk Services, Wipro Limited , added “Wipro strives to deliver value and derive the most for our clients with regard to their security investments. Through this partnership, we look forward to maximum risk reduction for our clients through informed decision-making.”
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.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 170,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Wipro Media Contact:
RiskLens Media Contact
Vice President – Marketing
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.