Cyber Risk Quantification Yearly Roundup

As the year winds down, we're taking a moment to celebrate the milestones we’ve reached and share some exciting highlights from our journey.

This year brought the launch of new features and updates, making our platform even more intuitive and impactful. Alongside these updates, we shared a wealth of resources—from thought-provoking blogs to practical tools—all designed to help you tackle cyber risk management with confidence.

Take a look at what we’ve been up to, and here’s to a joyful holiday season ahead!?

Introducing our latest features and updates on our CRQ platform:?

Quantifying Cybersecurity Control Impacts

Obtaining an accurate understanding of which cybersecurity controls, products, and third-party service provider packages have the most significant impact on reducing cyber risk can be particularly challenging, even for mature enterprises.?

Addressing this challenge head-on, we recently established a data-driven process for evaluating the actual, real-world effect these implementations will have on an organization’s risk exposure.

Read more about this innovative approach to cyber risk impact analysis and how this new method ensures objectivity.

Kovrr's Latest Model Version, v2024.3

We’re excited to introduce the latest version of our platform, v2024.3, packed with enhancements to elevate your cyber risk management processes.?

What’s New?

Accurate, Precise, and Comprehensive Risk Simulations

Sharper Accuracy: We’ve increased the number of simulations from 10,000 to 25,000, offering more reliable financial loss forecasts and greater overall confidence in your metrics. Broader Risk Coverage: The expanded simulations ensure that rarer, higher-impact scenarios are captured, providing a clearer view of potential tail risks. Foundation for Future Features: This upgrade sets the stage for advanced custom scenario modeling, unlocking even more precise risk planning in the future.

ISO 27001 Mapping and Model Calibration

This enhancement enables users to align their specific control levels with the ISO 27001 maturity framework directly within the platform. Moreover, by quantifying the impact of ISO control levels on risk reduction, organizations can leverage actionable insights for resource optimization and strategy development.

Model Calibration Update

Additionally, we've refined our model calibration to reflect the latest trends in the cyber risk environment. Among other notable changes, this update has observed a reduction in ransomware rates, offering our users the timely and relevant insights necessary to inform their risk management decisions.

Drill Down Feature Illuminates Cyber Risk Drivers

This feature is designed to provide cybersecurity professionals with a detailed view of specific risk drivers, empowering organizations to make informed decisions about their cybersecurity strategies.

• Targeted Mitigation Recommendations:?Illuminates which security upgrades will reduce an organization's financial exposure to a?specific?event type or initial attack vector.
• Key Loss Metrics:?Includes Average Annual Loss and 1:100 Annual Loss per event and vector. Users can also access statistics such as median financial damage, outage time, and data record losses.
• Benchmarking:?Offers comparison metrics for industry and revenue sizes, enabling organizations to assess their relative risk according to specific events or attack vectors.
• Communication Support:?Facilitates effective communication by providing additional data to justify cybersecurity spending to non-technical stakeholders.

2024 Cyber Reports Roundup

The CrowdStrike incident, which crippled businesses globally and cost the UK economy an estimated ￡1.7-￡2.3 billion, serves as a stark reminder of the catastrophic consequences of a single point of failure.

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Our new report analyzes the S&P 500? to assess financial impact of cyber attacks.

NEW PODCAST SERIES ALERT!!

We’re thrilled to introduce the very first episode of our podcast series: "???????????? ?????? ??????????: ?? ???????????????????? ???????????????? ???? ?????????? ???????? ????????????????????."?

Join ?????? ???????? ???????????? and ?????????????? ???????????????? as they dive into the chaos of cyber risk quantification, sharing insights, strategies, and practical tips to help organizations navigate the wild world of cyber threats with confidence.