How to Do Cyber Risk Quantification

The Best Tactics for Quantifying Cyber Risk, One Step at a Time

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How to Do Cyber Risk Quantification FAQs

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Is it possible to conduct a CRQ assessment without taking too much time?

Yes. With an on-demand CRQ platform like Kovrr's, organizations get a quick time to value. Instead of expending resources on manual data gathering, you can integrate your operational systems directly with the CRQ solution. Moreover, on-demand CRQ provides all of the necessary global data and loss intelligence, saving you days, if not weeks, of work. With on-demand CRQ, you can have quantified insights in just a few weeks.

What benefits do system integrations provide during the CRQ process?

On top of saving your time during the initial input phase, data integrations ensure that quantification outcomes are unbiased. This enhanced accuracy allows for more targeted cyber risk mitigation strategies that prioritize initiatives according to vulnerability and exploitability levels. With limited budgets and resources, this objective data-driven approach to prioritization is key for creating cyber-residences.

What is Kovrr’s Cyber-Sphere, and why is it important?

The Cyber-Sphere is Kovrr's approach for mapping an organization's structure according to various business units and where data records are stored. By allowing CISOs and other CRQ users to create these spheres, Kovrr's models can subsequently generate event likelihoods and loss expectancies that are more tailored to the organization's unique profile. For more information about the Cyber-Sphere, reach out to one of Kovrr's cyber risk experts today.

Can I modify any information the CRQ platform pulls from integrations?

Yes. Kovrr's CRQ platform offers integrations with dozens of security and operational systems to minimize the manual data entry process. However, once the information has been pulled, you can edit and modify it as necessary, ensuring organizational inputs most accurately reflect the organization's reality. Plus, you can modify these inputs at any point in time, allowing you to generate new results based on future organizational updates or restructures.

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