Leading Private Equity Firm Reduces over $1B in Cyber Risk Exposure and Optimizes Insurance Coverage with X-Analytics

The Customer

‍

A New York-based private equity firm, managing over $100 billion in assets and employing 500+ professionals, stands as a titan in the industry. With a diverse global portfolio spanning multiple sectors, the firm is committed to safeguarding its investments and fostering resilience across its portfolio companies. In a landscape of evolving cyber threats, the firm required a scalable, unified approach to cyber risk management to protect its assets and ensure long-term success.

‍

The Challenge

‍

The firm’s Chief Information Security Officer (CISO) faced the daunting task of creating a consolidated, global view of cyber risk across a diverse portfolio. This required transcending point in time and disjointed assessments—it demanded a cultural shift toward cyber resilience and a shared language for risk that resonated as a shared understanding of cyber risk management across portfolio company management. The CISO needed a clear view of each portfolio company’s cyber capabilities, prioritize risk mitigation, and track progress in real time. The firm sought a “single source of truth” for cyber risk governance—one that provided actionable insights, ensured transparency, and adapted to understanding how cyber attacks could impact their diverse portfolio company operating environments.

‍

The Solution

‍

The firm selected X-Analytics, a cutting-edge cyber risk management platform designed to deliver business-optimized cyber risk management success. Working closely with the portfolio-wide CISO, X-Analytics was deployed at over 150 portfolio companies to track cyber mitigation priorities, demonstrate the business value of cybersecurity, and align efforts with the firm’s strategic value creation objectives. By integrating X-Analytics into high-level discussions, including quarterly Board meetings, the X-Analytics platform provided clear, actionable insights that elevated cyber risk to a core business priority. This approach ensured that cybersecurity was not just a technical issue but a critical component of the firm’s ability to build value through operationalizing effective cyber risk reducing strategies.

‍

The Result

‍

With X-Analytics, the firm transformed its approach to cyber risk governance, achieving remarkable outcomes:

‍

• Reduced Financial Exposure: The firm slashed over $1 billion in financial exposure to cyber risks by identifying and mitigating potential financial exposure to cyber attacks across its portfolio.
• Optimized Cyber Insurance Coverage: X-Analytics enabled the firm to strategically align cyber insurance with its actual risk exposure, enhancing resilience across the portfolio.
• Unified Governance: The platform delivered a cohesive, transparent view of cyber risk exposure, empowering portfolio companies and leadership to make informed governance decisions.
• Board-Level Impact: Cybersecurity became a central pillar of the firm’s value creation strategy, with X-Analytics insights driving discussions to reduce risk and create value.
• Enhanced Resilience: Portfolio companies actively improved their cybersecurity measures, supported measurable risk reducing data and prioritized mitigation recommendations.

‍

By leveraging X-Analytics, this leading private equity firm not only strengthened its cyber defenses but also set a new standard for resilience and risk management in the private equity industry.  By standardizing on X-Analytics across their portfolio companies, this leading private equity firm was able to operationalize a continuous cyber risk management program that delivered risk reducing value to the private equity’s value creation team.

‍