CH2M HILL and Riskology Form Strategic Alliance to Address Cyber-Security Concerns

DENVER--(BUSINESS WIRE)--Dec. 5, 2002--CH2M HILL Communications Group today announced an alliance with Riskology(SM), an IT security and risk management company, that will enhance CH2M HILL's ability to respond to clients' growing concerns about cyber-security.

Under the terms of the alliance, Riskology will provide third-party cyber vulnerability audits to identify IT vulnerabilities, complementing CH2M HILL's existing vulnerability assessments and remediation services.

In today's business environment, few issues are more important than network security. According to a survey conducted by the Computer Security Institute, "90 percent of respondents detected computer security breaches within the last 12 months" and "80 percent acknowledged financial losses due to computer breaches" ( In addition, federal regulations, such as the Health Insurance Portability and Accountability Act (HIPPA) of 1996, the Gramm Leach Bliley Act of 1999, EPA mandated vulnerability assessments, and the Homeland Security Act of 2002, require various enterprises to perform IT security audits and establish IT security programs.

"Riskology is the thought-leader in the IT security assessment marketplace," said Bill Cobb, CH2M HILL's vice president of North American Operations for the firm's Communications Group. "Riskology's IT security audits are a perfect addition to CH2M HILL's portfolio of risk management and infrastructure security services. We are pleased to have the opportunity to work with this outstanding organization."

In addition to its superior vulnerability assessment capabilities, Riskology brings with it a patent-pending automated ISO 17799-based security analysis and reporting software application known as QUAID. QUAID significantly reduces human error and time to perform audits, delivering meaningful, understandable business reports. Business use includes, but is not limited to, information for risk assessments, return on security investment (ROSI), remediation and pre-qualification for cyber liability insurance.

"We are excited about this partnership with CH2M HILL," said Demetrios "Laz" Lazarikos, president and CEO of Riskology. "As the provider of IT security vulnerability assessments for CH2M HILL, we will be focused on helping clients mitigate risk and control the high costs of breaches. Our IT security audits qualify and quantify IT vulnerabilities for critical infrastructures, providing the financial justification needed to support the protection of information assets through transfer of risk. Riskology's IT security suite is a perfect complement to CH2M HILL's core expertise of risk management and infrastructure security solutions."

CH2M HILL is an employee-owned, global firm providing engineering, construction, operations, and related technical services to public and private clients in numerous industries. The firm's work is concentrated in the areas of telecommunications, water, energy, environment, transportation, construction, and industrial facilities. Headquartered in Denver, CH2M HILL has more than 10,500 employees working in 165 offices worldwide where respect for the environment is reflected in safe, innovative and environmentally sound work practices. The CH2M HILL Communications Group has completed 160 projects in 28 countries around the globe. For more information, visit

Riskology is a market leader in IT Security for Fortune 1000 corporations and government entities. With headquarters in Denver, Colorado, Riskology is an objective third-party provider of independent IT security solutions that allow companies to significantly reduce IT risk vulnerabilities, protect corporate assets, and secure the confidentiality of their customers' nonpublic information. Riskology's Certified Information System Security Professionals (CISSPs), patent-pending technology and ISO-based methodology identifies and quantifies good and bad risks, enabling our customers to deploy ongoing, scaleable, enterprise-wide security programs. For more information, visit our website at

CONTACT: CH2M HILL Communications Group
             Dianna Herbst, 303/874-3008
Email Contact
             Laz Lazarikos, 720/560-8137
Email Contact

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