Make cyber risk quantification (CRQ) accessible, available, and actionable for everyone in your ecosystem. Financial Quantification is a turnkey solution that provides a quick, efficient, and repeatable assessment of your financial exposure to cyber risk.
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Make cyber risk quantification (CRQ) accessible, available, and actionable for everyone in your ecosystem. Financial Quantification is a turnkey solution that provides a quick, efficient, and repeatable assessment of your financial exposure to cyber risk.
Available, Accessible, & Actionable Data
Make informed cyber risk decisions backed by objective data. BitSight has revolutionized CRQ, making financial quantification of cyber risk easily accessible and repeatable so organizations can:
Built on BitSight’s Security Performance Data
Built on BitSight’s Security Performance Data
Financial Quantification is built on the foundation of BitSight’s extensive, in-depth security performance data. We combine technographic, firmographic, and cyber insurance claims data, as well as cyber scenario probability calculations. Not only does that make our data the most trusted, reliable, and meaningful in the market, but it means you can deploy your quantification program quickly and cost-effectively.
Translate Cyber Risk into a Universal Language
Translate Cyber Risk into a Universal Language
Cyber risk is business risk—so make sure anyone in your organization can understand and analyze it the same way. Financial Quantification translates cyber risk into a universal language so any business leader can make decisions, prioritize investments, and build context. Level up your board and executive conversations to discussions about risk rather than the security details that drag you into the weeds.
A Modern Approach to CRQ
A Modern Approach to CRQ
Financial Quantification makes it faster and easier than ever to quantify your cyber risk—with the resources you have today. Traditional CRQ solutions require you to invest in more headcount, long data collection processes, and significant set-up. BitSight’s data-driven, turnkey approach gets your CRQ model up and running within a week with a low-cost, high-value outcome.
Financial Quantification Features & Highlights
Communicate with a universal language
Communicate with a universal language
Drive confidence with the board by:
- Arming your security team with the context and insights relevant to your company so that you can level up your board and executive conversations to discussions about risk.
- Downloading & sharing reports that show overall risk levels with the ability to drill down into easy-to-understand scenarios and insights.
Calibrate cyber insurance coverage
Calibrate cyber insurance coverage
Based on your risk appetite:
- Calibrate your cyber insurance coverage by understanding the likelihood and magnitude of probable loss scenarios organized and aligned to common insurance coverage categories.
- Assess how to distribute your cyber insurance across the organization by running cyber risk quantification on each of your business units and subsidiaries.
Prioritize your time, resources, and budget
Prioritize your time, resources, and budget
- Prioritize your resources to drive ROI by measuring which scenarios represent the greatest risk to the business and focusing efforts there.
- See your unique probability of experiencing different damage levels from six different cybersecurity scenarios—such as ransomware or third-party risk—to prioritize your security investment decisions.
Report progress and prove ROI
Report progress and prove ROI
By showing lower financial cyber risk over time:
- Initiate quantifications on-demand whenever you need to distribute results to your stakeholders.
- Review trends to see how your organization’s risk has evolved over time.
Implement an effective CRQ program from day 1. BitSight’s CRQ experts empower your team to establish business objectives, interpret and present results, and scale your program.
"With Financial Quantification, I could quickly visualize the risk burndown of proposed security investments and the financial risk of not allocating funds to certain areas of our security program."
Tim Grieveson
CHIEF SECURITY OFFICER AND SVP OF INFORMATION SECURITY, AVEVA
Establishing a Universal Understanding of Cyber Risk With Financial Quantification
Establishing a Universal Understanding of Cyber Risk With Financial Quantification
BitSight Financial Quantification empowers you to assess your organization’s financial exposure to cyber risk and allows you to transform the technical side of cybersecurity into business language.