Squalify, a leading top-down cyber-risk quantification (CRQ) platform, has announced the launch of Essential CRQ, a streamlined CRQ offering that enables organisations to quantify cyber-risk in financial terms in as little as 24 hours, using a minimal set of inputs.
Built on Squalify’s proven quantification platform and drawing on more than 15 years in cyber-risk data and the expertise of Munich Re, one of the world’s leading cyber reinsurers, Essential CRQ delivers business-relevant financial risk metrics using a focused set of inputs. Squalify provides credible, data-backed results that support cyber-risk benchmarking, cyber insurance decision-making and board-level reporting. Cyber insurance brokers can also integrate Essential CRQ into their advisory and brokerage processes, including via API.
Essential CRQ delivers transparent, defensible financial risk insights suitable for executive decision-making, regulatory discussions and insurance negotiations.
“With Essential CRQ, organisations no longer have to choose between speed and credibility,” said Asdrúbal Pichardo, CEO of Squalify. “We designed this product to give executives a clear financial view of cyber-risk without months of data gathering, complex spreadsheets or opaque assumptions.”
Using just 42 targeted data points, Essential CRQ generates core financial risk metrics based on Monte Carlo simulations, including worst-case loss scenarios, annual loss expectancy, modelled large loss events across multiple recurrence periods, loss component breakdowns and an assessment of whether current security controls are adequate relative to the organisation’s exposure.
