Willis Towers Watson enhances cyber risk modeling platform

Willis Towers Watson enhances cyber risk modeling platform | Insurance Business

Willis Towers Watson enhances cyber risk modeling platform

Willis Towers Watson has expanded its proprietary cyber risk quantification modeling platform, Cyber Quantified, by integrating it with SecurityScorecard.

SecurityScorecard is a cybersecurity rating company that reviews a company’s technical security. Based on the data, the company then forecasts the company’s potential for data breaches and their possible impacts.

Through the partnership, SecurityScorecard’s system will be integrated into Willis Towers Watson’s Cyber Quantified range of analytic tools. The ratings provided by the tool can be used to improve the cybersecurity of companies and even analyze the security posture of third-party vendors, a release said.

“Our clients are seeking advanced solutions to better understand the frequency and severity of cyber risk using predictive analytics.  This latest enhancement to our cyber analytical tool gives not only increased decision support intelligence, but also provides information security professionals with actionable data to improve their security posture and reduce vulnerabilities,” said Willis Towers Watson director of client relationship management Tom Srail.

Willis Towers Watson’s Cyber Quantified platform utilizes predictive analytics to quantify the cyber risk of an organization, particularly losses related to network outage or data breaches.