SPOKANE, Wash. and RESTON, Va., July 7,
2015 /PRNewswire/ -- CXOWARE, the premier provider of
cyber risk management software, re-launched today as RiskLens,
better reflecting the company's mission to empower large
enterprises and government organizations to manage cyber security
risk from the business perspective.
As cyber risk has become an executive and board-level concern,
RiskLens offers a decision-support platform that allows
organizations to quantify cyber risk in financials terms. This
enables well-informed decision-making about resource allocation,
investment justification and cyber-insurance optimization, based on
the business impact of cyber risk. RiskLens has already been
adopted by many of the world's most trusted organizations.
"As we started working with some of the world's leading
companies, it became clear that they didn't just want to manage
cyber security from the technical compliance perspective; they
wanted to manage it from the business perspective, based on the
actual risk that their organization faces. That has been driving
tremendous interest in our cyber risk quantification and management
platform," said Steve Tabacek,
co-founder and CEO of RiskLens. "It was a clear choice to change
our name to RiskLens, to better reflect what we do for our
customers."
Our journey started over a decade ago when co-founder and
EVP R&D Jack Jones was a CISO at a large insurance firm and was
asked the questions, "How much (cyber) risk do we have?" and, "By
how much will you reduce risk if we approve your security
budget?" These were very fair questions from the business
perspective, but no standard cyber risk quantification
methodologies and tools existed to answer them. This led to
the development of FAIR, the only international standard
Value-at-Risk model for cyber security and operational risk, and to
the first cyber risk quantification solutions in the
marketplace.
RiskLens was born as CXOWARE four years ago, as a pioneering
company with the mission to enable forward-thinking
organizations in financial services, healthcare and e-commerce to
quantify and report on information risk in a common language that
everyone understood: dollars and cents.
"Those pioneering efforts have borne fruit. The company recently
released a new suite of easy-to-use applications, added new talent
and unleashed new value for its customers. Customers and partners
started to look at the company with new eyes and kept repeating
that we help organizations look at cyber security through the
risk lens. The rebranding of the company to RiskLens
reflects this progress and better expresses our mission," concluded
Jack Jones.
About RiskLens
RiskLens is the premier provider of cyber risk management
software. RiskLens empowers large enterprises and government
organizations to manage cyber risk from the business perspective by
quantifying it in dollars and cents.
Our customers leverage RiskLens to understand 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
management software purpose-built on FAIR, the only
international standard Value at Risk (VaR) model for
cyber security and operational risk.
For more information visit the RiskLens website
at www.risklens.com.
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SOURCE CXOWARE