BitSight, the Standard in Security Ratings, and Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy, and people, announced today a collaboration to help organizations better understand, measure, and manage their cyber risks.
Marsh McLennan’s recently announced Cyber Risk Analytics Center will leverage BitSight Security Ratings, data, and analytics, enabling clients to better understand their cybersecurity performance and make more informed risk management decisions.
With access to BitSight, clients can seamlessly receive this information, rapidly identify potential vulnerabilities, and put mitigation strategies in place. The two firms also will pool their widely respected insights to collaborate on joint research and analysis.
With cybersecurity incidents increasing at an alarming rate, the urgency of cybersecurity performance management cannot be overstated. BitSight Security Ratings are the industry’s most trusted and widely adopted cyber risk ratings and the only solution independently verified to correlate with data breach risk.
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“2021 is shaping up to be one of the most challenging years for cyber risk on record, and we continue to hear from clients that cybersecurity is among their most urgent risk concerns,” said Scott Stransky, head of the Marsh McLennan Cyber Risk Analytics Center. “By collaborating with BitSight, we are providing clients with more data-driven insights to better manage risk in an increasingly difficult cybersecurity landscape.”
“Cyber insurance brokers now play a critical role in helping their clients actively manage cyber risk,” said Stephanie Snyder Frenier, vice president and general manager, insurance at BitSight. “This marks an exciting opportunity to share our cyber risk data and expertise to help Marsh McLennan counsel their clients on reducing risk of cyber exposure. ”
Recently, BitSight announced new partnerships with Moody’s and Glass Lewis to expand the global marketplace’s understanding of cybersecurity and improve the way market participants measure and manage cyber risk.
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