Map and Measure Cyber Risk Exposure Across the Financial Institution

Kovrr equips financial organizations to translate cyber risk into financial terms, ensuring it can be addressed with the same rigor as other forms of enterprise risk. Our on-demand CRQ platform offers cybersecurity leaders the accurate, precise data necessary to make confident decisions and prioritize mitigation initiatives based on potential monetary implications. With CRQ, cyber risk management can finally align with the rest of the business strategy.

A screen shot with data and charts about cyber risk exposure

Cyber Risk Has Become a Material Financial Threat

In the financial services sector, every exposure has a number, and cyber risk is no exception. Data breaches can trigger massive losses and erode customer trust. What's more, regulators increasingly expect documentation and proof that cyber risk is being managed like any other potential material exposure. Firms that can't translate digital threats into financial terms will continue to struggle to meet board expectations, satisfy compliance rules, and build resilience.

Treating Cyber Risk Like Every Other Financial Exposure

Market risk, credit risk, and operational risk are all managed by leveraging quantified scenarios, defined exposure levels, and rigorous financial tracking. Cyber risk should be treated no differently. Kovrr's on-demand CRQ platform brings cyber exposure into familiar territory for financial services teams, quantifying losses from digital threats and providing reliable forecasts for mitigation and compliance initiatives. With Kovrr, cyber risk is spoken in the language of finance.

Quantify Cyber Threats That Impact Financial Performance
For banks, insurers, and asset managers, cyber threats aren’t just technical; they’re financial. Kovrr’s cyber risk register equips these stakeholders with quantified insights to align cyber decisions with business impact and meet growing demands for transparency.

Accelerate DORA Compliance With On-Demand Cyber Risk Quantification

Kovrr’s CRQ platform empowers EU financial entities to meet DORA’s stringent ICT risk management requirements without manual overhead. Define risk tolerance, quantify vendor exposure, and validate resilience strategies with confidence.

The Cyber Risk Quantification Advantage for Financial Services

With Kovrr's on-demand CRQ solution, financial services institutions can:

  • Allocate capital effectively: Quantify potential cyber losses to inform cybersecurity investment and avoid over- or under-spending on controls.

  • Connect risk metrics with capital planning: Tie cyber exposure to broader enterprise risk models and financial stress testing frameworks.

  • Strengthen DORA and regulatory reporting readiness: Harness defensible metrics that align with evolving disclosure expectations.

  • Quantify risk transfer decisions: Benchmark retained risk against insurance coverage to support renewal strategies and optimize spend.

  • Assess vendor risk in financial terms: Evaluate third-party exposure using objective loss modeling and understand where concentration risk exists.

Cyber Risk Management for Financial Services FAQs

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What makes cyber risk uniquely challenging for financial institutions?

Can Kovrr’s CRQ platform support risk reporting for boards and regulators?

How does Kovrr assist in setting cyber risk tolerance thresholds for the firm?

What types of loss scenarios can Kovrr’s CRQ model for financial services?