Use Case

Facilitate regulatory compliance with C-Risk

Cyber risk quantification is an effective cybersecurity strategy that allows organizations to demonstrate their risk-based governance and oversight to regulatory bodies as well as provide timely disclosure of material risk or cyber incidents.

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Facilitate Regulatory compliance

Building Cyber Resilience Through Risk-Based Oversight and Compliance

With the increased number of regulations concerning cybersecurity governance and oversight and the mandatory disclosure of both material risks and material cyber incidents, it's increasingly important to identify your critical digital assets and articulate risk scenarios in financial terms.
By decomposing your cyber risks using cyber risk quantification, boards have data-driven recommendations to improve their oversight of cyber risks. In addition, CRQ enables organizations to promptly disclose the financial impact of a cyber incident, ensuring regulators and stakeholders are informed with speed and accuracy.

Quantitative Methods

We perform CRQ using the FAIR standard and method, which allows you to decompose risk into a frequency, the probability of the risk happening as well as the probable range of impacts in financial terms.

Cyber Risk Quantification Empowers Boards

CRQ provides boards and executive management with clear, data-driven insights, enabling them to improve their cyber risk oversight.

Timely Disclosures with CRQ

When cyber incidents occur, CRQ allows organizations to swiftly identify and disclose any material risk or material cyber incidents to the necessary authorities because the critical digital assets have already been identified and quantified.

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C-RISK Insight

Oversight, Materiality and Disclosure

Cyber Risk Quantification plays a pivotal role in ensuring that companies not only understand their cyber risks but also meet the stringent regulatory requirements set by various regulatory bodies.

The increasing number of regulations on cyber resilience and the disclosure of material risk and material cyber incidents, including Articles 5 and 6 of DORA, IDW PS 340 and the final rules from the SEC, underlines the importance of identifying your digital assets and scoping risk scenarios in financial terms.
In addition, decomposing risk with Cyber Risk Quantification improves the board's cyber risk oversight. It also allows boards to quickly disclose the materiality of a cyber incident.

CRQ using an open, transparent standard

Removes ambiguity in terminology, and provides strong basis for key cybersecurity oversight and governance obligations as per IDW PS 340, the SEC, and DORA Articles 5 and 6 by performing CRQ using the FAIR methodology.

Scoping risk scenarios

Risk-based and data-driven reports underscore your organization's commitment to cyber and technology risk management and cybersecurity governance. The materiality of risks or incidents can be quickly assessed and disclosed with quantification.

Improved cyber risk oversight and governance

Cyber Risk Quantification drives more informed decision-making, aligning IT and business goals, and improving your organization's cybersecurity governance with improved risk-based reports and assessments.

Improve your organization's cybersecurity compliance with Cyber Risk Quantification.
Talk to a C-Risk expert

Cyber risk quantification offers a data-driven approach to assess, prioritize, and manage your organization's cyber risks effectively. CRQ can elevate your security posture and improve compliance.

Contact us
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What We Do for you

Face the changing landscape of regulatory compliance with C-Risk's agile CRQ Solutions

Simple, logical, and defendable

We use the FAIR framework to ensure risks are identified and measured consistently across an organization using a common language for risk.

Budget allocation

Make defendable investment decisions on security controls to reduce risk and improve security, ensuring you're spending where it matters most for compliance, security and resilience.

Enhanced communication

Our risk reports translate cyber vulnerabilities into financial metrics, so stakeholders can assess threats in business terms and meet compliance requirements.

Risk-based & data-driven

By prioritizing threats based on their potential financial impact we ensure that decision-makers are provided with actionable insights.

Improved control maturity

An assessment of your current controls to identifies any gaps to ensure controls evolve inline with emerging threats, leading to a more robust and adaptive posture.

Optimize cyber risk insurance

Our risk reports translate cyber vulnerabilities into financial metrics, so stakeholders can assess threats in business terms and meet compliance requirements.

Would you like more information?
Contact us.

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facilitate regulatory compliance FAQ

Here you'll find some answers to commonly asked questions

What does 'material' mean in the context of the latest SEC final rule?

The new SEC rule states that information is considered "material" if a reasonable person would find it important when making an investment decision, or if it significantly affects existing publicly available information about a company.

What is GRC in the context of cybersecurity and how does it function?

GRC stands for Governance, Risk Management and Compliance.

Governance refers to the policies, processes, and procedures that an organization has in place to manage cybersecurity risk.

Risk Management deals with identifying, assessing, and prioritizing potential threats, then addressing them.

Compliance ensures that the organization is adhering to external and internal standards and regulations related to cybersecurity. Together, these components provide a holistic framework for safeguarding an organization's digital assets.

What is a risk-based approach to cybersecurity?

A risk-based approach identifies the top risks and prioritizes strategy decisions that will mitigate the impact of the risk. CRQ is an example of a risk-based approach to cyber and technology risk.