Cyber Risk Quantification (CRQ)
Crucial practice for modern companies, CRQ translates complex, technical cybersecurity risks into a language that business leaders, executives, and board members can easily understand: financial terms. Instead of using subjective ratings like "high," "medium," or "low" to describe a threat, CRQ provides a monetary value for the potential impact of a cyber incident.
CRQ allows:
> Improved Decision-Making and Resource Allocation through data-driven decisions
> Justifying Cybersecurity Investments
> Better Cyber Insurance Negotiation
> Strategic Risk Management
> Enhanced Communication with Stakeholders
Utgard's approach
We help our customers to:
Identify their business cyber risks
By using a "what if" approach, the most feared events and their business consequences can be identified.
Build validated risk scenarios
By creating a triple-consensus of Business owner, Cybersecurity experts and Finance teams, risk scenarios and mitigation plans are robust and have increased chances to be endorsed by Top management.
Help Executives to make enlightened decisions
By providing cyber financial elements, decision-makers can identify ranges of potential outcomes and impacts, evaluate responses and manage for both positive and negative possibilities.
Improve their reputation through enhanced security maturity
By increasing the quality of their risks through CRQ and build a communication plan for external stakeholders (customers, shareholders, insurances, partners, etc).