Cyber quantified, a risk innovation in cyber prediction, evaluates your cyber loss potential with decision support to help optimize risk management strategy. It’s a leading cyber risk model that allows organizations to interactively model network outage risk in addition to data breach liability. We’ve already helped thousands of companies worldwide better understand their exposure to cyber risk.
Cyber Quantified's refined evaluation of your organization's risk includes:
- Dynamic and customizable technology that enables sensitivity testing with instantaneous results
- Thorough quantification of cyber risk: How often will events occur? When there is an event, how big is it and how much will it cost?
- Visually compelling, data-driven decision support guides insurance strategy
- Facilitates strategic program design and tactical engagement of the insurance marketplace
- Concise and compelling output for effective communication with internal stakeholders
Cyber Quantified tool screenshot
Cyber Quantified tool screenshot
Why should you use Cyber Quantified?
This tool:
- Helps you better understand your privacy breach and network outage risk. It gives insight into how often you could experience an event and the potential cost of those events.
- Helps you make smarter decisions about your risk management strategy: evaluate customized insurance strategies, including limit adequacy and overall value you can expect from each.
- Evaluate and compute quotes from carriers with financial decision support metrics like “Value from Insurance” and “Premium Return on Investment”.
- Model the impact of changes in your controls posture on cyber risk.
- See the impact of insurance structures on your loss potential.
For whom is it appropriate?
- Privacy breach: Any company that holds or collects significant sensitive employee, customer or third-party data. Results are most meaningful for companies with more than 50,000 records.
- Network Outage: Any company that risks lost revenue or employee efficiency due to a network outage. Results are most meaningful for companies with annual revenue of at least $100 million.
What geographies does this tool support?
- Cyber Quantified is a global risk evaluation tool supporting all geographies, drawing upon over 25,000 global incidents from both internal and external sources. It leverages WTW's global cyber expertise, grouping countries into regions based on data volume and regulatory similarities.
Cyber Quantified tool screenshot
When should you use Cyber Quantified? Use Cyber Quantified when you need to:
- Ensure that your enterprise risk management strategy adequately accounts for cyber loss potential
- Renew or consider purchasing cyber insurance
- Understand how your cybersecurity potential translates to loss potential and affects the value derived from risk transfer by using the tool in conjunction with Cyber Risk Profile Diagnostic
What can I do with information gained from Cyber Quantified?
- Drive insurance strategy before engaging markets: Use this tool to design your optimal insurance structure based on your unique exposure profile.
- Evaluate and compare quotes from carriers with financial decision support metrics like Value from Insurance and Premium Return on Investment.
- See the impact of insurance structures on your loss potential.
Cyber Quantified tool screenshot
