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SAFE SECURITY ACQUIRES RISKLENS TO BECOME UNDISPUTED LEADER IN THE $4B CYBER
RISK QUANTIFICATION AND MANAGEMENT (CRQ) MARKET

--------------------------------------------------------------------------------

News provided by

Safe Security

12 Jul, 2023, 09:00 ET


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Powerful combination of SAFE Platform's industry defining AI capabilities
coupled with the industry standard FAIR model  for cyber risk quantification,
that was pioneered by RiskLens, gives enterprises a one-stop-shop to address all
their cyber risk quantification and management needs and paves a path to comply
with impending SEC Cyber Guidelines

PALO ALTO, Calif., July 12, 2023 /PRNewswire/ -- Safe Security, the AI-Driven
Cyber Risk Management company, has acquired RiskLens, the pioneer of the Cyber
Risk Quantification standard - FAIR. By combining RiskLens and Safe Security,
the two companies are bringing together the world's most advanced cyber risk
quantification based on Factor Analysis of Information Risk (FAIRTM), with the
world's most advanced AI-powered automated Cyber Risk Management platform, SAFE.

"We are at a critical inflection point in the market with new cyber risk
management guidelines stemming from the White House and regulatory bodies, like
the SEC. I am thrilled to welcome RiskLens, which has pioneered the FAIR model
of cyber risk quantification and established a trusted standard for measuring
cyber risk, supported by over fourteen thousand practitioners, representing 50%
of Fortune 500 companies," said Saket Modi, CEO and Co-founder at Safe Security.

"As part of our roadmap, we will be embedding the FAIR decision science
methodology into our Cyber Risk Cloud of Clouds platform that processes over 3
Billion signals per day, enhancing the defensibility of our AI-driven breach
prediction and prevention recommendations. This acquisition accelerates our
mission of becoming the de-facto industry standard to measure, manage, and
transfer cyber risk," said Modi.

"Many boards are struggling on how to quantify their cyber risk, especially in
wake of the upcoming SEC regulations. With this acquisition, SAFE is shaping the
risk quantification and management market with a standards-based approach
coupled with automation," says Michael Montoya, CISO at Equinix. "The market is
demanding that we drive more automation into our overall risk governance
process. Point in time assessments with subjective manual inputs are not good
enough, zero day attacks don't wait for your annual risk reviews. The fact that
SAFE is now embedding the community adopted and trusted FAIR model into the SAFE
platform with an engineering and automation first approach, coupled with
generative AI, makes SAFE the absolute market leader in the cyber risk
quantification market," added Montoya, who has been a RiskLens customer for over
3 years now.

"Our customers have been asking to combine the rigor of FAIR analyses with
automation to scale their cyber and enterprise risk management practices. We
looked for a partner to accelerate the fulfillment of this vision and SAFE
became the obvious choice because of the shared vision for the industry," shared
Nick Sanna, formerly CEO of RiskLens, who will join SAFE as the President and
will continue to lead the FAIR Institute.

FAIR author, and RiskLens Co-Founder, and Chief Research Scientist Jack Jones
also commented that, "I developed FAIR as a way for organizations to define,
measure and manage cyber risk from the business perspective. I am excited to
have RiskLens join forces with Safe Security and cannot wait to take part in the
extraordinary advancements that will emerge from this combination." As part of
this acquisition, Jack Jones will join Safe as their Chief Research Scientist
and will continue to act as Chairman of the FAIR Institute.

About Safe Security:
Safe Security is the leader in AI-driven cyber risk management platforms. It has
redefined cyber risk measurement and management with its real time, data-driven
approach that empowers enterprise leaders, regulators, and cyber insurance
carriers to understand cyber risk in an aggregated and granular manner. The
recent acquisition of RiskLens brings together the power of the world's most
advanced cyber risk analytics model (FAIR) supported by practitioners in over
50% of Fortune 500 companies, with the world's most advanced AI-fueled Cyber
Risk Cloud of Clouds, processing over three billion signals a day.

Having raised over $100M, Safe is growing over 200% year over year,
consecutively for the last three years and serves some of the largest global
enterprises. Visit safe.security and follow us at @SafeCRQ.

Media Contact:
Danielle Ostrovsky
Hi-Touch PR
410-302-9459
Ostrovsky@Hi-TouchPR.com

SOURCE Safe Security

×


MODAL TITLE


ALSO FROM THIS SOURCE


RISKLENS, A SAFE SECURITY COMPANY, NAMED A LEADER IN THE CYBER RISK
QUANTIFICATION REPORT BY INDEPENDENT RESEARCH FIRM

--------------------------------------------------------------------------------


SAFE SECURITY JOINS MITRE ENGENUITY'S CENTER FOR THREAT-INFORMED DEFENSE


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