Rsam, a leader in Governance, Risk Management and Compliance (GRC) solutions and RiskLens, the leading provider of cyber risk management and cyber risk quantification solutions, have partnered to bring clarity to the potential business impact of cyber risk.
The partnership connects the simplicity of the Rsam cybersecurity data collection, assessment, and reporting platform with RiskLens’ unique ability to quantify various losses from different perspectives, including fines, reputation, loss of customers, and credit monitoring using the FAIR methodology.
“When security professionals talk about risk, they often think about vulnerabilities and exposure, and not the potential business impact of the security issues,” said Vivek Shivananda, President of Rsam. “This partnership provides a connection between technology and the business, enabling organizations to make informed decisions about where to dedicate funding and resources to mitigate risks with the biggest potential financial and business impact.”
The RiskLens connector for Rsam’s Enterprise Risk Management module gives organizations a proven methodology for understanding the risk-related financial impact of decisions. Key features of the integration include:
- Seamless Workflow: Send analysis requests directly from the Rsam environment to the RiskLens platform.
- Daily Pull for Analysis Updates: Check on the status of an analysis request while it’s processing.
- Quantitative Measurement of Risk: Completed analyses include management-ready reporting on the financial impact of risk.
“Companies now recognize that cyber risk is a significant part of their overall business risk. We’re helping them understand, manage, and prioritize it according to its potential financial impact,” said Nicola Sanna, Chief Executive Officer of RiskLens. “Transparency around cyber risk and new SEC guidance has increased the importance of quantifying risk in financial terms, and this partnership will help organizations accelerate their ability to comply with those demands.”
The integration between the Rsam and RiskLens platforms is available now. Rsam customers will be able to leverage this content connector integration to seamlessly take action and report on risks that have been evaluated using the RiskLens platform.