Wipro and RiskLens Partner to Offer Cyber Risk Quantification Solutions to Clients Worldwide

New services will answer the rising and urgent demand from
enterprises for better insights into losses from cyber-attacks.

SPOKANE, Wash. & BANGALORE, India–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CRQ?src=hash” target=”_blank”gt;#CRQlt;/agt;–Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global
information technology, consulting and business process services
company, and RiskLens, the leading provider of cyber risk quantification
(CRQ) software and cyber risk management solutions, today announced a
partnership to deliver quantitative cyber risk assessments to enterprise
customers and government organizations.

As part of the agreement, Wipro will leverage RiskLens’ CRQ platform to
perform quantitative risk analysis, measure the effectiveness of
cybersecurity controls and provide the rationale for adequate
cybersecurity investments.

The RiskLens CRQ platform is the only application based on the Factor
Analysis of Information Risk (FAIR) model, the international standard
for cyber risk quantification. Wipro’s Cybersecurity & Risk Service
(CRS) division will offer FAIR methodology based risk analysis through
the RiskLens platform and aid organizations in the development of cyber
risk quantification programs along with its extensive practice in risk
intelligence, integrated threat management and security management
services. Several members of the Wipro CRS team will be trained and
certified as FAIR risk analysts through the FAIR Institute, the
non-profit expert organization that promotes education on FAIR and
sharing of best practices.

Nick Sanna, CEO, RiskLens, commented that, “After many
devastating cybersecurity attacks on global companies, the realization
that cyber risk equals business risk has been brought home to senior
management and boards of directors, who are now demanding a quantitative
accounting of the loss exposure their companies face. FAIR analysis and
the RiskLens CRQ platform answer their questions in definitive terms.
For Chief Information Security Officers (CISOs) and their teams, this
cyber risk quantification enables better decision-making from the
strategic to day-to-day levels and finally aligns security operations to
the needs of the business. Our partnership with Wipro expands our reach
across the world, and we are delighted to work with a company of such
stature and global reach to spread the benefits of cyber risk
quantification through the RiskLens CRQ platform.”

Sheetal Mehta, Senior Vice President and Global Head, Cybersecurity &
Risk Services, Wipro Limited,
added, “Wipro strives to deliver value
and derive the most for our clients with regard to their security
investments. Through this partnership, we look forward to maximum risk
reduction for our clients through informed decision-making.”

About RiskLens

RiskLens is the leading provider of cyber risk quantification software.
Its platform is recognized as a mission-critical business application
for cybersecurity and risk teams across the Fortune 1,000. 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.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global
information technology, consulting and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics and emerging technologies to help our clients
adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have
over 175,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding fluctuations in our earnings,
revenue and profits, our ability to generate and manage growth, intense
competition in IT services, our ability to maintain our cost advantage,
wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more
fully described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and our
reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us or on
our behalf.

Contacts

Purnima Burman
Wipro Limited
purnima.burman@wipro.com

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