Marsh McLennan has announced the launch of its cyber risk analytics center to help clients better understand the risks they face.
In addition to providing a holistic view of cyber threats, the platform helps businesses evaluate the effectiveness of existing and prospective control mechanisms, economic impacts of risks, and more.
The center integrates the cyber security capabilities of Marsh McLennan’s Marsh, Guy Carpenter, Mercer, and Oliver Wyman businesses.
Commenting on available features, Marsh McLennan said its analytics center delivers a comprehensive suite of tools and critical risk insights, ranging from malicious code to complex webs of digital connections.
Per reports, the center will be led by the firm's managing director Scott Stransky.
Marsh McLennan's global network of commercial, government, and academic partners will also assist with research and development through the center.
“Cyberattacks routinely cause millions of dollars in loss to our clients and billions of dollars in loss to the global economy every year. It is no surprise that business, government, and other leaders continue to rank cyber risk as one of the most pervasive and urgent risks for society,” said John Doyle, president and CEO of Marsh and vice chairman at Marsh McLennan.
Doyle added, “For many leaders, however, their concern exceeds their ability to measure and manage cyber risk alone. Our investment in the Marsh McLennan Cyber Risk Analytics Center will help clients confront this risk by connecting them with experts and capabilities from across our businesses, data-driven insights, and a global ecosystem of risk and cybersecurity experts.”
Lastly, the firm aims to enhance the cyber modeling and analytics ecosystem, so clients can make informed decisions about how they identify, prepare for, and recover from cyber risk.
