Cybersecurity risks continue to be an important focus across industries. With attacks continuing to happen, it’s important that organizations stay informed and focused regarding risk and coverage requirements. To help aid these conversations, Safe Security has announced two new assessment tools.
The provider of risk quantification and management solutions has introduced Interactive Cost Calculator and the Cyber Insurance Assessment tool to empower organizations to make the best financial decisions when it comes to their security needs.
Empowered with these tools, leadership teams can approach CISOs and CFOs with confidence about their security requirements. With data that is backed by extensive research, they can provide a holistic look at the ‘why’ and how costs are calculated.
“Executive leadership from the CEO and board members, to CISOs, risk teams, and CFOs are asking questions like, ‘how much will a cyber attack cost us?’ Or, ‘how much should our cyber insurance cost?’ Today, those leaders either do not have a financial figure at all or possess a financial figure from a ‘black-box’ approach that they can’t explain or trust,” said Saket Modi, co-founder and CEO of Safe Security.
Safe Security if giving organizations the insight they need to understand the financial impact of their cyber strategy with full visibility into how the assessment is calculated, so they are able to explain the data.
The Interactive Cost Calculator for cyber attacks is free and tunable for each organization. It allows businesses to easily evaluate their financial risk using specific inputs about the business and how cyber attack or attack will impact them.
The Inside-Out Cyberinsurance Assessment is offered for companies that use a public cloud platform. It makes it easier to understand cyber health and reduce cyber insurance premiums by comparing their posture against others in the same industry. This data is especially beneficial for organizations who have a cyber insurance renewal coming up.
The assessment uses 2 key data points for it’s reporting:
- API feeds from the organization’s internal technology environment
- Maturity of the organization’s cybersecurity policies and products
“Knowledge is power, and our mission is to arm you with an unbiased assessment that can be used for risk discussions and insurance negotiations,” said Modi.
Edited by
Erik Linask
