Safe Security announces free assessments to offer financial risk calculations
Safe Security has announced two industry-first assessment tools to empower organizations to make holistic financial decisions based on their cyber risk. Organizations can access Safe Security’s Interactive Cost Calculator, as well as the Cyber insurance Assessment, which is designed to enable data-driven discussions about risk and coverage requirements, at no cost.
“Executive leadership from the CEO and board members, to CISOs, risk teams, and CFOs are asking questions like, ‘how much will a cyber-attack cost us?’ Or, ‘how much should our cyber insurance cost?’ Today, those leaders either do not have a financial figure at all or possess a financial figure from a ‘black-box’ approach that they can’t explain or trust,” said Saket Modi, co-founder, and CEO of Safe Security. “Based on our research, Safe Security offers organizations the opportunity to understand the financial impact of a cyber-attack with full visibility into how the assessment is calculated so you can trust and explain the numbers. Knowledge is power, and our mission is to arm you with an unbiased assessment that can be used for risk discussions and insurance negotiations.”
Safe Security’s Interactive Cost Calculator for cyberattacks is a free, tunable calculator that enables organizations to understand their potential financial risk due to a cyberattack, such as ransomware. The easy-to-use assessment gathers specific inputs about the company and provides a cost estimate based on Safe Security’s cost model that takes into account cost drivers associated with security incidents. The output can be customized to the parameters of an organization to refine the estimate further.
Safe Security’s Inside-Out Cyber insurance Assessment helps companies better understand their cyber health and reduce premiums. Cyber insurance premiums keep rising despite increasing cybersecurity investments. Companies can gain specific guidance on how their cybersecurity risk posture compares to others in the same industry, how much coverage they need, and the top actions they should take to ensure a successful cyber insurance renewal.
The SAFE platform runs a cyber risk assessment based on the following data points -
API feeds from the organization’s internal technology environment
Maturity of the organization’s cybersecurity policies and products
TechnoBind to offer key IT solutions for enterprises with GFI
TechnoBind has announced its collaboration with GFI, a prominent software company that pro...
Pega brings Customer Data Connectors for deeper, AI-powered data analysis and better customer outcomes
Pegasystems Inc. announced Customer Data Connectors that enable clients to easily connect...
Micro Focus announces availability of Enterprise Suite for application modernization on Google Cloud Marketplace
Micro Focus announced the availability of its Enterprise Suite for application modernizati...
Autodesk paves the way to power digital transformation in the Cloud
Autodesk has kicked off Autodesk University (AU) 2022, the company’s annual design c...
DSCI’s National CoE and IIT Bombay host Cybersecurity R&D Roadshow 2022
National Cybersecurity Centre of Excellence (NCoE), a joint initiative of Data Security Co...
New draft of Data Protection Bill is being worked on to augment efficient usage knowing it would be used by the industry: Additional Secretary, Meity
Speaking at the CII International Technology Summit 2022 “Technology 4.0 Adoption, A...