Marsh Launches New Cyber Risk Assessment Solutions
New York | April 27, 2015
State of the Art Technologies and Services to Help the Risk Management Community Better Understand and Manage Cyber Risks
Marsh, a global leader in insurance broking and risk management, today announced the launch of Marsh Cyber Monitor and Marsh Cyber View, new cyber risk assessment services to help the risk management community effectively understand, measure, and manage their cyber risk. These offerings are part of a broader effort by Marsh to integrate its industry-leading risk and insurance advisory capabilities with best-in-class cyber technology and service providers.
Marsh Cyber Monitor enables companies to understand their cyber risk by examining a comprehensive set of threat indicators that are continuously updated using a variety of data collection methods. With Marsh Cyber Monitor, individual companies can gain insight into how their cyber risk is changing, and benchmark themselves against their peer group on an ongoing basis. Marsh Cyber View combines an “outside-in” analytics-driven view of cyber security vulnerability with customized cyber risk advisory services. A variety of risk factors are analyzed and combined with business and technology insights on how to reduce or transfer the associated risk.
Marsh Cyber Monitor and Marsh Cyber View add to Marsh’s industry-leading cyber risk analytics capabilities, including its proprietary cyber security self-assessment and the Marsh Cyber IDEAL model, which helps clients by quantifying the range of potential outcomes from a data breach.
“Marsh has always been at the forefront of helping our customers with emerging risks. Cyber attacks are a rapidly escalating threat and companies face a significant challenge in managing their risk. Marsh is assembling world-class technologies and services to enable our customers to holistically understand their cyber exposures and consider their risk mitigation and risk transfer options” said John Drzik, president of Marsh Global Risk and Specialties.
Marsh Cyber View and Marsh Cyber Monitor are powered by the state of the art technology, expertise, and services from Cyence, a leading cyber security analytics services provider. Marsh will continue to collaborate with Cyence and other best-in-class firms to develop a deeper and broader set of capabilities to help clients better understand and manage their cyber risk.
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.