Willis expands cyber modelling platform with SecurityScorecard functionality
Willis Towers Watson has expanded its proprietary cyber risk quantification modelling platform, Cyber Quantified, with integrated security ratings from SecurityScorecard.
Cyber Quantified uses predictive analytics to quantify an organisation’s risk of cyber loss due to network outage or data compromise. Through its partnership with SecurityScorecard, it now provides cybersecurity ratings, with the rating system reviewing technical security and forecasting potential data breach frequencies and related impacts.
SecurityScorecard offers a new data point within the Cyber Quantified model in determining a company’s breach frequency and evaluation of how well the company can protect its data assets and prevent a breach. It also provides ratings which can be used to improve cybersecurity, allowing clients to review the security posture of third-party vendors.
Tom Srail, director of client relationship management at Willis Towers Watson, said its clients want to better understand the frequency and severity of their cyber risk, using predictive analytics. This partnership delivers just that, along with actionable data to improve their security posture and reduce vulnerabilities.
“The integration of Cyber Quantified and SecurityScorecard puts Willis Towers Watson in an unparalleled position to assist companies in cyber risk quantification and related risk assessment,” Srail said.
Aleksandr Yampolskiy, CEO and co-founder of SecurityScorecard, said his firm is “the only security ratings company with over a million continuously rated companies and a commitment to trust and transparency.”