DeNexus has updated its DeRISK Platform, a tool that provides evidence-based authentic and transparent data in order for industrial companies to measure the financial impact of cyber risks on their business.
The company launched the product as the latest in a series of ever-improving cyber models which are aimed at helping industrial organisations, underwriters, reinsurers, and insurance-linked securities (ILS) investors fully understand the real risks associated with cyber breaches.
Jose Seara, Chief Executive Officer of DeNexus commented: “We are delighted to be launching the latest version of this tool for our clients.
“The DeNexus platform is an indispensable enabler of cyber risk management and a risk transfer facilitator, which will allow our industrial clients to manage cyber-related enterprise risk and expand their businesses with confidence.”
DeNexus has expanded the capabilities of the DeRISK Platform with advances in modelling and reporting functions that make DeRISK more scalable and aligned with key risk assessment, security, and maturity frameworks.
This allows DeNexus’ clients to understand the financial impact that cyber risk can have on an organisation’s risk posture, investment strategy and balance sheet.
In addition, the DeRISK Platform is SOC 2 Compliant, assuring the highest level of data security for critical infrastructure organisations.
Alessandro Nepoti, Chief Technology Officer at DeNexus commented: “Cybersecurity and overall risk management have become increasingly synonymous for industrial organisations. The market needs a solution that can unify cybersecurity and risk management. With this version of DeRISK, we have invested heavily in that demand.”
The DeRISK product gives industrial companies and risk underwriters the ability to quantify and manage cyber risk exposure on a continuous basis.
DeRISK is a self-adaptive, cloud-based technology that predicts where cyber breaches are likely to occur, values their impact on business and guides risk stakeholders towards the best risk mitigation paths for their organisation.
“DeNexus will continue to evolve the platform to help the risk transfer community augment cyber underwriting processes to enable new cyber re/insurance and ILS offerings with confidence,” Seara added.
