Marsh to integrate CyVaR into cyber risk advisory services for clients
June 1, 2016 – Baltimore, MD and New York, NY – PivotPoint Risk Analytics, a leader in cyber risk analytics, and Marsh, a leading global insurance broker and risk advisor and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE:MMC), announced today that they have entered into an agreement under which Marsh will integrate PivotPoint’s cyber value-at-risk analytics solution, CyVaR, into risk advisory services for its clients in the US.
CyVaR is a cutting-edge solution to address the industry need to financially model cyber risk. CyVaR enables enterprises to assess the business impact of cyber threats in financial terms. Armed with this decision support data, enterprises more effectively prioritize their cybersecurity investments and optimize their risk mitigation programs.
“A common lexicon for modeling risk in financial terms is a key component of an integrated cybersecurity program,” said Thomas Fuhrman, Managing Director, of the Cybersecurity consulting practice at Marsh. “PivotPoint Risk Analytics is helping drive the industry forward by pioneering cyber value-at-risk analytics, which we can now integrate into our range of cyber-related services.”
“Marsh is a leader in helping organizations understand and manage their cyber risk,” said Julian Waits, CEO, PivotPoint. “We look forward to working with Marsh to advance the state of the art in cybersecurity management.”
About PivotPoint Risk Analytics
PivotPoint is the leading provider of cyber risk analytics that measure Cyber Value-At-Risk. In a world where conventional wisdom says you will get hacked, you bought one of everything to try to thwart the attack and protect your crown jewels. And as the threat—and business evolves—so does your cyber risk. Our customers, on any given day, can prove they have lowered the company’s cyber risk to secure the value of their business. Visit PivotPoint at www.pivotpointra.com, Twitter or LinkedIn.
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennanCompanies(NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.
CEO, PivotPoint Risk Analytics
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