PivotPoint Risk Analytics And Marsh Enter Strike A Deal For Improved Cyber Risk Services

Marsh & McLennan Companies, Inc's subsidiary MMC, Marsh, and PivotPoint Risk Analytics, a leader in cyberrisk analytics, revealed they reached a deal under which Marsh would combine PivotPoint's cyber value-at-risk analytics solution, CyVaR, into risk advisory services for its clients in the United States.

Marsh & McLennan said CyVaR was a cutting-edge solution to address the industry requirement to financially model cyber risk. The company added that CyVaR allowed enterprises to monitor the business impact of cyber threats in financial terms. The company expressed its confidence that enterprises could more effectively prioritize their cybersecurity investments and maximize their risk mitigation programs Armed with this decision support data.

Marsh's MD of the Cybersecurity consulting practice, Thomas Fuhrman, said, "A common lexicon for modeling risk in financial terms is a key component of an integrated cybersecurity program. 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."

Similarly, PivotPoint's CEO, Julian Waits, commented, "Marsh is a leader in helping organizations understand and manage their cyber risk. We look forward to working with Marsh to advance the state of the art in cybersecurity management."