Safe Security’s Strategic Move: Safe Security Acquires RiskLens

Safe Security Acquires RiskLens, Revolutionizing Cyber Risk Management

Safe Security, the AI-driven cyber risk management company, has made a significant strategic move by acquiring RiskLens, the pioneer of the Cyber Risk Quantification standard, FAIR. This acquisition brings together the world’s most advanced cyber risk quantification based on the Factor Analysis of Information Risk (FAIR™) with the world’s most advanced AI-powered automated Cyber Risk Management platform, SAFE.

Advancing Cyber Risk Management Guidelines and Standards

The acquisition of RiskLens by Safe Security is taking place at a crucial inflection point in the market. New cyber risk management guidelines are emerging from regulatory bodies such as the White House and the SEC. With this acquisition, Safe Security aims to establish itself as the industry standard for measuring, managing, and transferring cyber risk.

The FAIR model of cyber risk quantification developed by RiskLens has gained wide acceptance and credibility, with over fourteen thousand practitioners, including 50% of Fortune 500 companies, adopting it. By combining RiskLens‘ expertise and the FAIR model with Safe Security’s AI-driven breach prediction and prevention capabilities, the new platform will enhance the defensibility of cyber risk management practices.

Meeting the Demand for Automation and Standards

Boards and organizations have been struggling to quantify their cyber risk, especially in light of upcoming SEC regulations. The combined capabilities of SAFE and the FAIR model address this demand by providing a standards-based approach to risk quantification and management, coupled with automation.

Michael Montoya, CISO at Equinix, emphasizes the need for automation in the overall risk governance process. The traditional approach of subjective manual inputs and point-in-time assessments is no longer sufficient, considering the rapid pace of cyber threats. SAFE’s platform, with its engineering and automation-first approach, combined with generative AI, establishes it as the market leader in the cyber risk quantification market.

A Partnership Built on Vision and Fulfillment

The acquisition of RiskLens by Safe Security is a result of a shared vision for the industry. Customers have been seeking a combination of the rigor of FAIR analyses with automation to scale their cyber and enterprise risk management practices. Safe Security was the obvious choice as a partner to fulfill this vision.

Nick Sanna, formerly CEO of RiskLens, will join Safe Security as the President and will continue to lead the FAIR Institute. The collaboration between the two companies, led by their respective visionaries, will undoubtedly bring extraordinary advancements in the field of cyber risk management.

Industry Recognition for FAIR and RiskLens

Jack Jones, the author of the FAIR model and Chief Research Scientist at RiskLens, expresses his excitement about the acquisition. He developed FAIR as a way for organizations to define, measure, and manage cyber risk from a business perspective. Now, with RiskLens joining forces with Safe Security, he expects significant progress to be made in the field.

The acquisition also includes Jack Jones joining Safe Security as their Chief Research Scientist and continuing as Chairman of the FAIR Institute. This recognition of FAIR’s importance and leadership in the industry further solidifies the value of the RiskLens acquisition.

About Safe Security

Safe Security is at the forefront of AI-driven cyber risk management platforms. With its real-time, data-driven approach, Safe Security revolutionizes cyber risk measurement and management. The recent acquisition of RiskLens complements the company’s offerings by combining the power of the FAIR model, supported by practitioners in over 50% of Fortune 500 companies, with the advanced AI-fueled Cyber Risk Cloud of Clouds platform.

Safe Security, having raised over $100 million in funding, has maintained consistent growth of over 200% year over year for the past three years. Its client base includes some of the largest global enterprises. For more information, visit safe.security and follow them on Twitter at @SafeCRQ.