RESTON, VA--(Marketwired - June 14, 2017) - RiskLens, the leading provider of cyber risk quantification solutions, today announced it has been judged Best Risk Analytics Tool at the 2017 OpRisk Awards dinner last night at the Marriott Grosvenor Square hotel in London. The commendation marks RiskLens' second consecutive OpRisk Awards win after being named Best Cyber Risk Product in June 2016, validating RiskLens' leadership position as the risk quantification solution of choice for today's enterprise risk management professionals.
More than 100 operational risk and information security practitioners were on hand to honor excellence in operational and cyber risk management, and winners were judged by an expert panel of senior industry practitioners carefully assembled by Risk magazine editors. Entries in the Best Risk Analytics Tool category had to exhibit functionality for risk-based portfolio modeling; 'what if' analysis; stress testing; Monte Carlo simulation; and the ability to provide VAR (Value at Risk) and NAV (Net Asset Value) figures. Particular weight was given to vendors who could demonstrate agility in responding to evolving demands from banks, whether driven by evolving best practice or regulatory change.
"This was an exceptionally competitive category, so to win is a testament to RiskLens' standing in the global op risk community," said Risk Editor Tom Osborn. Osborn added that 2017 OpRisk Award winners will be spotlighted in a special supplement of Risk magazine, currently celebrating its 30th year in operation.
"We are thrilled to be awarded our second consecutive OpRisk award and extend our gratitude to both the esteemed panel of judges and the editors of Risk for this truly special honor," said RiskLens CEO Nick Sanna. "RiskLens was founded and is led by the industry's brightest minds in risk management who engineer innovation and insight into our portfolio of risk analytics solutions."
RiskLens' flagship Cyber Risk Quantification is a decision-support application that quantifies an organization's financial risk exposure to cybersecurity, IT and other operational events. RiskLens solutions help cyber risk professionals quantify and communicate about risk in financial terms, to help bridge communication gaps between IT, the board and the business. Delivered through an easy-to-use SaaS application, RiskLens solutions help customers: make better decisions faster; prioritize risk mitigation based on financial impact; optimize security budgets, and assess cyber insurance buying decisions.
About RiskLens
RiskLens is the leading provider of cyber risk quantification software. RiskLens empowers large enterprises and government organizations to manage cyber risk from the business perspective by quantifying it in dollars and cents. Customers depend on RIskLens solutions to better understand and decipher 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 quantification software purpose-built on FAIR, the standard quantitative model for information security and operational risk. For more information visit the RiskLens website at www.risklens.com.
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Contact Information:
Contact:
Jim Engineer
Rainmaker Growth Partners for RiskLens
Mobile: +1 (630) 728-1387
