RiskLens™ Appoints James Lam, World Renowned Expert on Enterprise Risk Management, to Board of Directors
April 11 2018 - 10:00AM
RiskLens, the leading provider of cyber risk
quantification solutions, today announced that it has appointed
James Lam, one of the world’s foremost experts on enterprise risk
management (ERM), as an Independent Director to its Board of
Directors. James joins RiskLens to advise on the company’s
strategic direction and go-to-market activities as it builds on
breakout growth experienced in the 2017 calendar year, and further
expands its dominance as the cyber risk quantification partner of
choice for large enterprises and government organizations.
James brings to the RiskLens board deep expertise in ERM,
including strategic, financial, operational, regulatory and
technology risks. He was recognized in the 2017 National
Association of Corporate Directors (NACD) Directorship 100 as one
of “the most influential directors in the boardroom community.” He
currently sits on the Board of Directors at E*TRADE Financial
Corporation (NASDAQ: ETFC) where he serves as the Chairman of the
Risk Oversight Committee and as a member of the Audit Committee.
James has been the President of James Lam & Associates for the
past 16 years where he consults with global corporations on their
risk management activities. James’ illustrious career involves key
management positions for some of the world’s largest firms. He
served as the first Chief Risk Officer of Fidelity Investments
where he chaired the Global Risk Oversight Committee, providing
corporate oversight of Fidelity’s 40 institutional and retail
businesses worldwide. He previously held the role of Chief Risk
Officer and Acting President of GE Capital Markets Services, where
he managed all middle and back office functions, including business
strategy, trading oversight, risk management, finance, IT and
operations. James is the author of multiple best-selling works on
risk management and was named three times by Treasury & Risk
Management magazine as one of the “100 Most Influential People in
Finance.” “RiskLens is poised to lead a revolution in the way
organizations examine, evaluate and manage cyber risk,” said James
Lam. “The company is the pioneer in cyber risk
quantification, helping organizations translate the
technological language of cyber security into the business language
of economic risk. Nearly every organization I am involved
with - whether as part of my board or consulting practice – is
challenged to change the cyber security paradigm from one of
security-based risk assessments to one of value-based
analytics and decisions. With the strategic, bottom-line
oriented risk visibility RiskLens provides, this can and will
become reality. I’m excited to join the RiskLens board and to
support them in their mission to forever change the cyber security
landscape for the better.” This announcement comes on the
heels of significant market traction, launch of strategic
partnerships, and strong financial results for RiskLens fueled by a
surge in adoption across the Fortune 1000. RiskLens recently
announced the company’s Cyber Risk Quantification (CRQ)
application will be re-sold by RSA as Archer Cyber Risk
Quantification®, expanding the company’s global reach. Dozens of
leading organizations, including 10 of the Fortune 100, now deploy
the company’s solution. The company closed the 2017 calendar with
more than 60% year-over-year growth in recurring revenue, expanded
its reach to more than a dozen industry verticals. “At RiskLens we
believe that the cyber security industry is in dire need of change.
The past 10 to 15 years of losses are directly linked to the
inability of organizations to make sound decisions on cyber
security investments based on a financial quantification of cyber
risk,” said Nick Sanna, Chief Executive Officer at RiskLens. “We
are on a mission to provide a level of risk understanding never
seen in cyber but core to the broader practices in enterprise risk
management. Against that backdrop, we are absolutely thrilled to
welcome James to our Board of Directors as there are few in the
world who understand ERM the way that he does. James has been in
the trenches for decades, he understands what organizations need in
terms of better cyber risk visibility, and we are confident he will
help us continue our evolution as the leading provider in this
space.” RiskLens is a decision-support platform that quantifies an
organization's financial risk exposure to cybersecurity, IT and
other operational events. RiskLens solutions help cyber risk
professionals quantify and communicate about risk in financial
terms, bridging communication gaps between IT, the board and the
business. About RiskLens
RiskLens is the leading provider of cyber risk quantification
software. RiskLens empowers large enterprises and government
organizations to manage cyber risk from the business perspective by
quantifying that risk in monetary terms. Clients depend on RiskLens
solutions to better understand and decipher their cyber risk
exposure in financial terms, prioritize their risk mitigations,
measure the ROI of their security investments, and optimize their
cyber insurance coverage. RiskLens is the only cyber risk
quantification software purpose-built on FAIR, the standard
quantitative model for information security and operational risk.
For more information visit the RiskLens website
at www.risklens.com.
Media Contact Stephen Ward Vice President
– Marketing 703.994.9349 sward@risklens.com
A photo accompanying this announcement is available at
http://resource.globenewswire.com/Resource/Download/ce627db6-b0e5-4d17-9ea6-e797d1ae54e6
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