LIB-VRM – Vendor Risk Management Cyber Risk Rating Company

LIB-VRM, is a leading technology pioneer in the Cyber Risk Analytics domain. LIB-VRM provides a customer proven, cyber risk scoring solution to quantify the cyber risks of businesses worldwide, for various business applications in a rapidly growing market. LIB-VRM is now actively seeking a synergistic buyer for the company. LIB-VRM is now releasing, as part of their award-winning technology, a new version tailored to the Cross Industry Vendor Risk Management (VRM) sector.

The LIB-VRM Company

This award winning, innovative company has built an advanced predictive analytics turnkey solution to assess the cyber risks of companies worldwide. This non-intrusive, machine learning based technology, enables users to understand and quantify the cyber risk posture of their business without human interference, and benchmark the risk re their industry peers as well as calculate the potential financial impact of cyber attacks.

The software is designed specifically to help corporations evaluate their cyber risk in real time and on demand, and monitor their exposure to cyber risk. There is a rapidly growing global demand for cyber risk scoring and related advanced analytics which entails a huge opportunity for companies in different fields, who are interested in adding cyber scoring technology to their set of solutions.

The Global VRM Market Size:

The Vendor Risk Management market is predicted to grow from USD $3.3B in 2016 to USD $ $6.5B by 2022 at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period.

The Award Winning LIB-VRM Technology Solution for the VRM Market:

Directly addresses the shortcomings of Existing Vendor Risk Management (VRM) solutions:

1. Do not offer financial risk analysis per vendor.

2. Provide indecipherable scoring methods which are not helpful.

3. Lack inherent & residual risk calculation.

 4. Do not offer automated remediation recommendations.

5. Cannot deal with numerous small vendors.

6. Can Measure IT but IT posture does not equal risk!

The Unique Value Proposition of the LIB-VRM Solution for cross industry Vendor Risk Management:

LIB-VRM has now released a meaningful and practical technology for the complex world of Business Cyber Risk Predictive Analytics for the VRM sector. The technology is based on over three years of intensive R&D efforts by top-minds in the analytics and cyber risk industries.

Some technical highlights:

  • Ongoing monitoring for all your vendors with alerts in case of surpassing risk appetite.
  • Calculates your organization’s financial exposure to each vendor.
  • Calculates both inherent AND residual risk for vendors.
  • Utilizes both internal and external data for an actual reflection of risks.
  • Can profile all suppliers / vendors working with your organization, not just the largest ones.
  • Does not require technical expertise. It is designed for efficiency and accuracy.
  • Can tailor data to risks and add different types of questionnaires to the platform for additional focus and refinement of risk.
  • The technology converts raw data collected in real-time from hundreds of sources into simple-to-understand risk scorings which reflect the business risk of suffering damage due to a cyber-attack using proprietary advanced ML algorithms and data-sets.

Additional Use Cases for the Technology:

• Cyber Insurance –LIB-VRM’s technology enables insurance companies, reinsurance companies and other players in this industry to underwrite, engage with customers, and manage the aggregated book portfolio.

• MSSP – Managed Security Services Providers can embed LIB-VRM’s technology into their services in order to enable customers to conduct an agile, on demand assessment of their cyber risk levels.

• Reduction of fraud damages to banks and credit card companies – Banks and credit card companies suffer from damages estimated in the billions from cyber related frauds. This can and will be mitigated using LIB-VRM’s analytics engine which presents the risks to business owners, in a simple and actionable manner, and recommends mitigation actions based on the report findings.

• M&A deals and PE portfolio management – Cyber risk monitoring is a key part of the investment portfolio management process and understanding the cyber risk posture of companies, is key.

• Government/State cyber exposure analysis at scale – Analysis of a cyber risk to a nation or state and exposure of different sectors in scale to provide governments with exposure reports.

LIB-VRM’s solutions have been designed to serve non-cyber security experts. It is simple to understand and use and requires only very basic data from the user about the entity monitored. The solution also provides an estimation of the projected financial damages that a company may suffer from a breach. LIB-VRM’s unprecedented accuracy in estimation supports decision-makers when purchasing cybersecurity solutions for protection and their business’s associated ROI.

The Business Opportunity

This is an opportunity to gain access to a novel, field-proven, and competitive Cyber Risk Analytics technology that could be integrated into or added to your existing product line. LIB-VRM generates revenue from licensing and professional services associated with the product.

Increase your top-line from exploiting the LIB-VRM technology & expertise via:

• Access to the company’s top management and executive thought leadership in the Cyber Risk Sector.
• Access to a strategic partnership with the world’s leading Financial Services company to supply cyber risk scoring to millions of businesses.
• Access to existing clients including fortune 500 companies and Lloyd’s of London syndicates with multiyear contracts which are expected to grow.
• A cost-effective SAAS implementation which is frictionless to deploy and generates high multiples.
• Broaden your existing product portfolio with a modern Cyber Business Risk Solution.
• Mitigate the cost and risk of developing a new product to address this growing lucrative market.
• Access large sets of unique data related to financial cyber risk.
• Gain access to hard to develop proprietary & advanced technology.
• Generate an appreciable annual recurring revenue stream to improve your bottom line.

Take Action Now

Your ownership of LIB-VRM will enable the immediate deployment of this leading Cyber Risk Analytics technology for cross selling and up selling of your existing business line. This will provide fast access to substantial revenue streams in this rapidly expanding market of cyber risk scoring. Commercial arrangements are flexible and can be tailored to meet with your business and pricing models.