RiskQ provides a cyber risk quantification and management platform that utilizes a digital asset methodology to measure cyber risk in monetary terms. This enables enterprises and insurance companies to identify and prioritize risks, enhancing their decision-making and compliance with regulatory requirements.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Enterprises and insurance companies struggle to quantify cyber risk in financial terms, hindering their ability to prioritize risks, make informed decisions, and comply with evolving regulatory requirements. Traditional cyber risk assessments often focus on control effectiveness rather than providing a clear understanding of potential financial liabilities.
Solution
RiskQ offers a cyber risk quantification and management platform, ValuRisQ, that employs a digital asset methodology to measure cyber risk in monetary terms. By automating data collection and incorporating key business context, ValuRisQ provides a high level of trust in its analysis. The platform delivers actionable visualizations aligned with the cybersecurity lifecycle, enabling organizations to identify weak controls, prioritize vulnerability remediation, and optimize their cybersecurity investments. RiskQ's solution supports regulatory compliance and provides a financial strategy for achieving cyber resilience.
Target Audience
RiskQ serves medium to large enterprises, small to medium businesses, financial services, healthcare, technology, insurance, manufacturing, retail, and utilities, as well as CISOs, data privacy officers, compliance managers, auditors, C-Suite executives, and cyber risk managers.
Features
- Cyber risk quantification using a digital asset approach to translate cyber threats into financial exposures
- Automated data collection to incorporate key business context into risk analysis
- Visualization dashboards for ransomware strategy, gap analysis of cyber controls, and vulnerability remediation priorities
- Cyber tool ROI analysis to evaluate the effectiveness of cybersecurity investments
- Regulatory compliance reporting for CCPA, GDPR, NYSDFS, and other cybersecurity and privacy laws
- Third-party risk assessment to prioritize and mitigate risks associated with vendors
- Cyber insurance limits adequacy analysis based on claims payment structures
- M&A due diligence to assess financial exposures of target assets
- Integration with Now Secure for mobile app security testing