New services for insights into cyber-attacks
Wipro Limited and Washington’s RiskLens Partner, the leading provider of cyber risk quantification (CRQ) software and cyber risk management solutions, have formed 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, said Wipro in a release on 4 Mar 2019.
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.
RiskLends CEO Nick Sanna commented: “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.”
“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,” said Sheetal Mehta, Senior Vice President and Global Head, Cybersecurity & Risk Services, Wipro.
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.
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. fiinews.com
