Resilience launches cyber risk calculator to better quantify cyber threats in financial terms

By Isha Marathe

May 13 - (The Insurer) - Cyber specialist Resilience has launched an AI-powered cyber risk calculator to provide security and risk practitioners and C-Suite executives with data-driven means to quantify their cyber risk.

The tool uses industry benchmarks to help stakeholders understand their risk exposure and potential financial losses due to cyber-related incidents. The calculator works by asking users six questions about a user's organization, then creates a financial loss projection based on key data points and desired insurance limits.

Based on the answers, the calculator provides an estimate of potential cyber risk, expressed in real dollar terms; an initial assessment of risk exposure versus risk tolerance; and a cyber risk projection based on proprietary industry benchmarks.

"Most businesses know that today's threat landscape is evolving rapidly. But very few understand what this evolution means for their company, and fewer still have the tools necessary to take meaningful action to protect themselves. This is the gap our Cyber Risk Calculator fills," said Vishaal "V8" Hariprasad, co-founder and CEO of Resilience.

"The user-friendly tool offers unprecedented visibility into a company's cyber exposure against industry benchmarks and visually demonstrates how cybersecurity investments can reduce that exposure. Ultimately, the calculator empowers security practitioners to translate complex technical vulnerabilities into clear financial terms, so the C-Suite can make smarter, data-driven cybersecurity investment decisions."