Axio has launched the Quantification Wizard, a new tool on its platform aimed at streamlining cyber risk quantification. Per a company announcement, the Wizard allows organizations to quickly assess the financial impact of cybersecurity risks. The promise? This will enable well-informed, business-aligned decisions in a fraction of the time traditionally required.
Scott Kannry, Co-founder and CEO of Axio, emphasized that the Quantification Wizard makes cyber risk quantification quick, transparent, and actionable. “It allows security leaders to present cyber risk in a way that resonates with stakeholders, driving faster decision-making and alignment with business objectives,” said Kannry.
” Quantification Wizard”
The Quantification Wizard guides users through specific questions, matching them with predefined, flexible risk scenarios. Users can refine these scenarios using transparent formulas, ensuring businesses maintain data quality and gain a clear understanding of potential threats and their financial impacts. Additionally, the tool integrates control-based assessments and identifies gaps in existing security measures, allowing for a tailored analysis.
A key feature of the Wizard is its use of probability data from Cyentia. It provides accurate insights into the likelihood of cyber events without requiring substantial resources, helping organizations prioritize their cybersecurity efforts effectively.
Axio also offers boardroom-ready reporting, allowing security leaders to communicate their risk posture clearly to the board, C-suite, and insurers. The goal is to empower decision-makers with clear, actionable insights that improve cybersecurity strategies and deliver a high return on investment (ROI).
The Quantification Wizard is available for current Axio Quantification customers at no additional cost. New customers can purchase it as a starter offering.
Source: Axio Unveils Quantification Wizard for Quick Time to Value with CRQ.
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