With Tail Risk, M&A professionals can confidently provide the complete picture of cyber risk.
Late one night in the computer science lab, Rob Terrin ʼ16BUS/’17SIPA was struggling with a homework assignment when John Edwards ʼ16SEAS stepped in to help. This fortuitous pairing turned out to create a strong base for founding a company. John’s product and startup experience naturally complimented Rob’s background as a cybersecurity and risk consultant. A year later they co-founded Tail Risk, the cybersecurity company that provides due diligence tools in mergers and acquisitions.
Five years ago, acquirers did general technology due diligence on one in ten deals, but today every acquisition requires it. In five years, every buyer will benefit from cybersecurity due diligence. Unfortunately, the current processes are cumbersome and the outputs are difficult for business people to understand. Tail Risk created the first cyber risk platform to address this issue by putting a price on cyber risk. The product gives professional services providers the technology, process and data they need to successfully drive positive change across the industry.
With Tail Risk, M&A professionals can confidently provide the complete picture of cyber risk. As companies increasingly rely on intangible assets like brand, technology, processes and culture, they also face the risk of intangible liabilities like cyber insecurity. Built with cutting edge probabilistic programming techniques from the insurance industry, the Tail Risk platform makes cybersecurity due diligence clear and actionable.