Squalify provides a top-down cyber risk quantification platform that enables organizations to assess their financial exposure to cyber threats using historical loss data. This solution allows executives to make informed decisions about cybersecurity investments and strategies, ensuring alignment with overall business risk management.
Funding
Funding not disclosed
Founders
Product
Problem
Organizations struggle to quantify cyber risk in financial terms, making it difficult for executives to understand the potential business impact of cyber threats and to make informed decisions about cybersecurity investments. Traditional cybersecurity metrics often fail to translate into clear financial implications, hindering effective communication with boards and financial stakeholders.
Solution
Squalify offers a SaaS platform for top-down cyber risk quantification, enabling organizations to assess their financial exposure to cyber threats using historical cyber loss data. The platform allows CISOs, CFOs, and CROs to quantify and manage cyber risk at a strategic level, facilitating data-driven decisions about cybersecurity investments and strategies. By translating cyber risk into financial terms, Squalify helps organizations align cybersecurity strategies with overall business risk management, improve communication with stakeholders, and optimize security spending. The platform requires minimal data entry and delivers quick results, enabling organizations to understand their worst-case loss scenarios and complete full cyber risk quantifications efficiently.
Target Audience
The primary target audience includes CISOs, CFOs, and CROs seeking to quantify and manage cyber risk at a strategic level and to make data-driven decisions about cybersecurity investments.
Features
- Top-down cyber risk quantification using historical cyber loss data
- Risk assessment based on industry and organizational size using publicly available information
- Detailed risk analysis through interviews to refine and contextualize results
- Custom calculations based on security controls and information security framework
- Quantification of financial impact of cyber risk in board-friendly language
- Risk management for various business activities, including M&A, cloud migration, and supply chain risk
- Integration of cyber risk into enterprise risk frameworks with common metrics like Value at Risk
- Support for optimizing security budgets and demonstrating ROI of strategic investments