C-Risk and Citalid join forces to help Enterprises run advanced data-driven cyber risk analysis
Paris, 29 January 2024 – C-Risk is pleased to announce a partnership with Citalid, a leading SaaS platform for Cyber Risk Quantification. This collaboration is significant for the cyber industry as C-Risk and Citalid are the only European-based companies recognized in the 2023 Gartner Hype Cycle for Cyber Risk Management in the CRQ category.
C-Risk & Citalid Partnership: Technology and Human Expertise
Citalid's CRQ platform harnesses the power of probability and cyber threat intelligence. The FAIR-based CRQ platform generates reports on the financial impact of cyber risk while allowing CISOs and Risk Managers to select the inputs and fine-tune the analysis on a variety of scenarios. Citalid’s built-in Cyber Threat Intelligence provides real-time threat assessments to contextualize the risk. Additional capabilities that complement C-Risk's offerings include frequency simulation, red team attack simulation, security recommendations and insurance modeling.
C-Risk helps security teams prioritize, optimize and accelerate a risk-based cyber risk management program. C-Risk’s cybersecurity and quantification experts provide specialized training, tool implementation, and support to help organizations improve resilience, meet regulatory requirements, and build a safer digital world.
This partnership unites the technological capabilities of Citalid’s platform with C-Risk’s CRQ enablement services.
"For the past 5 years, C-Risk has been promoting CRQ as a better way to understand, discuss and decide how to best manage cyber risk. We are happy to see a platform like Citalid’s bring CRQ to a growing number of organizations," said Christophe Forêt, co-founder of C-Risk. "Through this partnership, we aim to combine Citalid’s FAIR SaaS platform with C-Risk training and enablement services. Together we can help organizations to either rapidly build data-driven, quantitative analysis capability internally or continue to rely on C-Risk managed services."
“We are excited about this partnership with C-Risk. Our organizations both believe in the power of Cyber Risk Quantification and its benefits for Enterprises which can generate dynamic monetary value of their complex risk profile and unlock board-level decisions.” says Maxime Cartan, co-founder & CEO at Citalid. “We are both strong believers of the value of the FAIR methodology and share a common expertise on running risk assessment following this specific framework.”
C-Risk is a recognized expert in risk management and Cyber Risk Quantification using the FAIR™ methodology. This deep expertise in information and technology risk extends across multiple sectors, making C-Risk a trusted partner for organizations worldwide. Since launching in 2016, C-Risk has helped clients understand the information risks specific to their business, target their security investments more effectively, and protect their critical digital assets. C-Risk also provides CRQ training, equipping risk professionals and decision-makers with effective methods to analyze and communicate cyber risk in financial terms. Driven by their commitment to growth and innovation, C-Risk is broadening its geographic presence and ramping up its research and development efforts to improve existing use cases and develop new ways to use CRQ. This strategic expansion will build up their internal capabilities while providing customers unparalleled value in cyber risk management.
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Citalid is a leading SaaS platform for cyber risk quantification. Citalid enables businesses and insurers to make informed decisions about cyber risk by translating dynamic data into actionable financial indicators. Citalid's strategic expertise in Cyber Threat Intelligence (CTI) enables it to provide clients with context-specific threats and assess their defensive maturity. Recognized in the Gartner Hype Cycle and winner of the Zurich Innovation Championship, Citalid's prestigious clients include Allianz, Cap Gemini, Lagardère, and Unéo.