In a move to better support organizations in managing their cyber risk, Resilience has launched the industry’s first Cyber Risk Calculator. This new tool aims to provide businesses with a clear financial snapshot of their potential cyber risks, allowing for more informed decision-making.
The Cyber Risk Calculator is designed to help organizations understand the financial implications of cyber threats. By inputting relevant data, users can receive estimates of potential losses and risks associated with various cyber scenarios. This can help businesses prioritize their risk management strategies and allocate resources more effectively.
Resilience, an emerging player in the insurance technology sector, is focused on combining technology with insurance solutions to enhance the way organizations approach risk management. Their new calculator represents an effort to bring more clarity to a complex landscape, allowing users to see their cyber exposures in a straightforward manner.
This tool could be particularly beneficial for small and medium-sized enterprises (SMEs) that may lack the resources or expertise to fully assess their cyber risk. By empowering these organizations with clear financial insights, Resilience hopes to enable better planning and more robust defenses against potential cyber attacks.
The launch of the Cyber Risk Calculator is a notable step in addressing the heightened concerns around cyber security in the business world. It reflects a growing acknowledgment of the importance of understanding financial risks tied to cyber threats, as organizations navigate an increasingly digital landscape.
Original Source: https://ffnews.com/newsarticle/insurtech/resilience-unveils-interactive-cyber-risk-calculator/