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By Kovrr
“All models are wrong, but some are useful.” In the earliest days of cyber risk management, chief information security officers (CISOs) generally relied on matrices and other subjective risk assessments for strategic planning.
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By Kovrr
Over the past few decades, cyber attackers have increasingly wreaked havoc on the market, taking advantage of newer, more sophisticated ways to exploit system vulnerabilities. However, in fear of losing competitive advantages, organizations had notoriously downplayed the impact of these attacks, misleading investors and resulting in stock prices that did not accurately represent the risk landscape.
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By Kovrr
Chief information security officers (CISO) or respective organizational cybersecurity leaders are most likely well aware of the cybersecurity risks their organizations face. However, being aware of and communicating important cyber risk management data to the board of directors are two entirely different matters.
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By Kovrr
Cybersecurity maturity assessments play a fundamental role in helping chief information security officers (CISOs) determine the level of risk their organizations face due to cyber activity. By illuminating the various areas that are exposed to exploitation, these evaluations serve as a blueprint for cybersecurity leaders tasked with making the business secure amid an increasingly risky operational landscape.
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By Kovrr
No organization, no matter the industry, is exempt from suffering from a cyber attack. The European Union formally recognized this modern-day reality in late 2022 when it published Directive (EU) 2016/1148, more commonly known as the NIS 2 Directive. As an updated version of the original directive enacted in 2016, this newer, sweeping cybersecurity regulation expanded its original scope to encompass even more business sectors.
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By Kovrr
Today, cybersecurity is evolving into cyber risk management. The last few decades of immense technological and digital transformations have meant that, to a large extent, a business’s ability to be resilient is dependent on a reliable, free flow of data and on technology functioning without interruption. This shift has profound implications for the global economy’s ability to remain stable.
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By Kovrr
Private equity (PE) firms have a unique power in the global marketplace, independently fostering innovation, creating jobs, and propelling economic growth. These entities infuse capital into a spectrum of industries throughout the business life-cycle, intent on delivering superior returns to investors while effectively navigating the complexities of the broader threat landscape.
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By Kovrr
Market success has often demanded that business leaders take risks. Some of the most profitable executives are those who have pursued bold initiatives, recognizing, despite the dangers, the potential rewards. However, as organizations grow and become more complex, the costs of these risks rise, demanding a more data-driven approach to its management.
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By Kovrr
For chief information security officers (CISOs), understanding how their organization's unique cyber risk landscape has evolved is paramount. Chronological analysis not only enables risk trends to emerge with more clarity but also provides the essential context required for more informed decision-making.
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By Kovrr
Rome wasn't built in a day. It took architects, city planners, and laborers many years to construct it, making small developments every day. Just as with Rome, cybersecurity programs, too, require significant time and investment to come to fruition. However, without knowing their initial cyber risk exposure, it can be challenging for stakeholders to comprehend the full value that cybersecurity initiatives have already delivered to the organization.
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By Kovrr
Join us for a monthly insightful session where each month we will: Walkthrough our CRQ platform Unveil exciting new product features (when applicable) Conduct Interactive Q&A Session.
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By Kovrr
Join Kovrr and Dmitriy Sokolovskiy, former CISO at Avid, as he shares his experience and provides highlights and Insights on his CRQ Journey. Some of the topics that Dmitriy will discuss.
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By Kovrr
On Demand webinar on the topic of Leveraging CRQ for Effective Board Level Decision Making.
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By Kovrr
By its nature, cyber risk is dynamic. New events happen and evolve all the time, making it difficult for enterprises to financially quantify their financial exposure to cyber attacks. Around two years ago, for example, distributed denial-of-service (DDoS) attacks were making headlines, and now ransomware has come into heightened focus. It's reasonable to believe that other types of attacks will emerge in another two years and continue to change thereafter.
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By Kovrr
The number of data breaches reported in the first 6 months of 2022 has put this year on track to be the lowest year of reports in the last 5 years for large US corporations. By looking at the rate at which data breach events have been reported so far this year, we predict that the number of events reported is expected to be 15-20% of the number of breaches reported in 2021
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By Kovrr
The 2022 Verizon Data Breach Investigations Report (DBIR), the fifteenth such report in as many years, leads off with a startling statistic: Credentials are the number one overall attack vector hackers use in data breaches. Use of stolen credentials accounts for nearly half the breaches studied by Verizon, far ahead of phishing and exploit vulnerabilities, which account for 19% and 8% of attacks, respectively. Botnets, the fourth most common entry path for hackers, represent a mere 1% of attacks.
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Kovrr financially quantifies cyber risk on demand. Our technology enables decision makers to seamlessly drive actionable cyber risk management decisions.
Kovrr's Quantum Cyber Risk Quantification platform enables decision makers to understand and financially quantify the changing profile of their cyber risk exposure.
Cyber Risk Management Made Easy:
- Communicate Cyber Risk in Financial Terms: Enhance the board and C-Suite’s decision-making process by financially quantifying cyber risk.
- Cybersecurity Investment Optimization: Prioritize and justify cybersecurity investments based on business impacts and risk reduction.
- Measure Cyber Security Programs’ Effectiveness: Assess the ROI of your cybersecurity program and stress test it based on potential risk mitigation actions, thereby supporting better resource allocation.
- 3rd Party Vendors Cyber Risk Exposure Analysis: Financially quantify cyber risk within your supply chain. Gain insights Into 3rd and 4th party exposure.
- Regulatory Compliance and Governance Reporting: Meet increased demands from regulators to continuously quantify and manage cyber risk exposure.
- Cyber Insurance Coverage and Price Optimization: Identify gaps between risk mitigation impact versus risk cyber insurance spending and needed coverage for 1st party and 3rd party.
- Quantitatively Benchmark and Compare your Cyber Risk Exposure: Benchmark to your industry peers and internally compare between different business entities in a consistent, measurable and accurate way.
A cyber risk management platform to quantify custom cyber risk scenarios.