Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together cyber risk mitigation data, analysis and expertise from its four companies and other business, government and academic partners .
Business-to-Business Center participants Marsh, Guy Carpenter, Mercer and Oliver Wyman aim to provide clients with “a holistic view of their cyber threats, the maturity and availability of their existing and future controls, and the impact economic of their risk, ”according to the announcement.
The center promises to provide clients with tools and risk information that will help them identify, prepare for and recover from cyber risks at all levels.
“Cyber attacks regularly cause millions of dollars in losses to our customers and billions of dollars in losses to the global economy every year. It’s no surprise that businesses, governments and other leaders continue to view cyber risk as one of the most pervasive and pressing risks to society, ”said John Doyle, President and CEO of the leadership of Marsh, and vice president of Marsh McLennan. “For many leaders, however, their concern goes beyond their ability to measure and manage cyber risk on their own.”
Doyle said this investment in the center will help clients by “connecting them with experts and capabilities from all of our businesses, data-driven insights and a global ecosystem of risk and cybersecurity experts.”
In addition to integrating data, modeling and risk expertise from Marsh, Guy Carpenter and Oliver Wyman, the center will conduct research and development activities with a global network of business, government and academic partners.
The center will operate under the direction of Managing Director Scott Stransky, a cyber risk and disaster modeler, who joined Marsh McLennan earlier this year after more than a decade at AIR Worldwide.
“Through the Cyber Risk Analytics Center, Marsh McLennan will advance the broader cyber modeling and analysis ecosystem to help companies manage cyber risk,” said Stransky.
Source: Marsh McLennan
Risk management of new cyber markets
Interested in Cyber?
Receive automatic alerts for this topic.