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Sep 11, 2023   |  By Kovrr
‍Cyber risk quantification (CRQ) is the process of attributing numerical values to a cyber event's impact on an organization. When defined in financial terms, these values enable enterprises to assess and manage their cyber risks at the operational level.
Sep 5, 2023   |  By Kovrr
‍This is the second of a two part series on highlighting the power of cyber risk quantification, based on a webinar hosted by Kovrr’s Director of Product Management, Amir Kessler. Part two delves into the transformative potential of converting cyber risks from financial insights to actionable plans. Watch the full webinar here.
Aug 14, 2023   |  By Kovrr
Most companies will quickly accept the insurance provider's first offer when negotiating cybersecurity insurance policies. Although a relatively new component of the insurance sector, providers have still been conducting cyber assessments and offers for years and are the so-called expert. ‍ However, this way of thinking costs enterprises thousands, if not millions, of dollars a year in deductibles.
Aug 9, 2023   |  By Kovrr
When it comes to securing your enterprise and keeping it safe, your success depends on effective communication. How can you explain cyber risks to the board in a way that's easy to understand, yet still packs a punch? Cyber Risk Quantification (CRQ) is a methodological approach that allows security teams to measure and quantify cyber risks in financial terms.
Aug 3, 2023   |  By Kovrr
It all started with a statement from the US Securities and Exchange Commission’s (SEC) Jaime Lizárraga. The commissioner revealed that a staggering 83% of companies suffered from multiple data breaches last year, with an average expense of $9.44 million in the United States— a dramatic increase of 600% over the past ten years.
Jul 17, 2023   |  By Kovrr
Our latest update incorporates risk evaluation built upon financial quantification. A critical component of the risk evaluation feature is the top risk matrix, which provides risk metrics for tracking, benchmarking, and reporting. By analyzing risk drivers through the ATT&CK MITRE framework’s initial vectors and event types, Kovrr provides a comprehensive breakdown that enables a detailed understanding of the likelihood and the potential of risks.
Jul 13, 2023   |  By Kovrr
Maintaining an accurate overview of an organization's assets can be a challenge for any Chief Information Security Officer (CISO). You are not alone in this.
Jun 19, 2023   |  By Kovrr
Cyber risk quantification (CRQ) can be an invaluable tool. The ability to put a number to cyber risk aids in communicating with board members, planning strategic investments, calculating the return on investment of cybersecurity spending, and right-sizing cybersecurity insurance coverage. However, many organizations avoid taking advantage of CRQ due to some common misconceptions.
Jun 8, 2023   |  By Kovrr
An attack exploiting CVE-2023-34362, a zero-day vulnerability in the MOVEit file transfer software, was disclosed at the start of June, with additional victims still being uncovered. The vulnerability is an SQL injection vulnerability that could allow an unauthenticated attacker to gain access to MOVEit Transfer's database. The attack was carried out by at least one threat who gained unauthorized access to the software and stole sensitive data from affected organizations.
May 30, 2023   |  By Kovrr
The B2B landscape has seen a rapid shift towards digitalization, which makes cyber exposure management increasingly critical for companies in every sector and across all geographies. A pivotal aspect of managing cyber exposure is the ability to quantify the impact of cyber risks, which is traditionally a laborious task. This article describes how data integration is the key to unlocking quick and accurate cyber risk financial quantification.
Aug 3, 2023   |  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.
Jul 23, 2023   |  By Kovrr
On Demand webinar on the topic of Leveraging CRQ for Effective Board Level Decision Making.
Feb 20, 2023   |  By Kovrr
Feb 20, 2023   |  By Kovrr
Feb 15, 2023   |  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.
Feb 15, 2023   |  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
Feb 15, 2023   |  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.

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.