Security News > 2020 > October > New RiskLens Solution Helps Organizations Optimize Cybersecurity Spending
Cyber risk management solutions provider RiskLens on Thursday announced a new capability designed to help organizations improve investment and budget decisions.
The new capability, RiskLens Risk Treatment Analysis, enables cybersecurity and risk teams to assess and compare the impact - in financial terms - of decisions related to investment, controls and other treatment options.
It helps organizations identify the best options for reducing costs and minimizing risks.
When organizations use the new Risk Treatment Analysis tool, they are presented with three options, each showing how much the average risk is reduced and the associated increase in cost.
RiskLens announced the Risk Treatment Analysis capability after it recently launched Rapid Risk Assessment, which enables customers to quickly determine their loss exposure in financial values.