Bitsight, March McLennan team to aid firms in bolstering cyber risk performance

Security ratings firm BitSight has partnered with Marsh McLennan to support companies in better understanding, measuring and manage their cybersecurity risks.

According to BitSight, Marsh’s Cyber Risk Analytics Center will leverage BitSight Security Ratings and its data and analytics in order to enable its clients to have a better understanding of their cybersecurity performance and allow them to make more informed risk management decisions.

Through securing access to Bitsight, clients will be able to receive this information seamlessly and rapidly identify any potential vulnerabilities and put mitigation strategies into place.

Bitsight added that the two companies will pool their insights in order to collaborate on joint research and analysis.

Marsh McLennan Cyber Risk Analytics Center head Scott Stransky 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.”

Bitsight vice president and general manager for insurance Stephanie Synder Frenier added, “Cyber insurance brokers now play a critical role in helping their clients actively manage cyber risk. This marks an exciting opportunity to share our cyber risk data and expertise to help Marsh McLennan counsel their clients on reducing risk of cyber exposure.”

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.