Determining the right cyber insurance coverage requires quantifying risks, computing ROI, and measuring possible damage.
Historically, the cyber insurance industry has had a difficult time quantifying risk, because historical data is patchy, tail risk is significant, and attack types change frequently. Mitigate risk and maximize return with Cybeta’s cyber insurance solution that calculates breach losses under different scenarios.
The way to lower risk is to insure what you can, while mitigating the rest. Yet, how can you quantify cybersecurity risk?
Cybeta’s threat quantification takes a unique approach that measures cyber risk and financial impact separately, using a bottom-up technique. This method accounts for the minutiae of different levers that have a magnifying impact on a company’s damages. Leveraging Cybeta’s Threat Alpha solution and our deep consulting experience, not only can leadership see how much insurance they need to purchase, they can also identify ways to reduce their risk over time.
Do you want to increase the value of your company in the case of a pending bankruptcy? The average loss per breach exceeds $4M, and each occurrence can take years to surface as hackers harvests data and intellectual property. Cybeta’s 3rd-party cybersecurity insurance package increases the value of bankrupt companies by minimizing the risk of past cybersecurity breaches resulting in future losses. Start with a clean slate and emerge stronger.
Identifies where an organization has insurance gaps by attack type and likely damage area.
Better plan your cyber investments. Calculate an ROI and determine the financial impact of a cyber attack with Threat Alpha.
Just like water, IP can leak out of a company in a way that follows the path of least resistance. Plug the holes to stop the financial losses.
Are your risk reduction efforts working? Threat Beta tracks historical movements to identify long-term trends.
Estimating financial impact requires a bottom-up approach that examines a company’s individual assets and characteristics to estimate damages.
CISOs don’t have unlimited budgets and CFOs can’t use traditional methods to justify cyber investments. Use Threat Beta to better target your investments.