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BitSight and Marsh McLennan partner on cyber risk solutions

Marsh McLennan’s cyber risk analytics center will aim to leverage BitSight security ratings, data, and analytics, enabling clients to better understand their cybersecurity performance and make more informed risk management decisions

BitSight and Marsh McLennan have announced a collaboration to help organisations better understand, measure, and manage their cyber risks.

Marsh McLennan’s cyber risk analytics center will aim to 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, it said clients can receive this information, 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.

Scott Stransky, head of the Marsh McLennan cyber risk analytics center, said: “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.

“By collaborating with BitSight, we are providing clients with more data-driven insights to better manage risk in an increasingly difficult cybersecurity landscape.”

Stephanie Snyder Frenier, vice president and general manager, insurance at BitSight, added: “Cyber insurance brokers now play a critical role in helping their clients actively manage cyber risk.

“This collaboration builds on BitSight’s previous work to bring universal understanding to cyber risk, and further validates BitSight’s position as the trusted industry standard in cybersecurity ratings and analytics.”

 

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