NEW YORK--(BUSINESS WIRE)--Axio, a leader in cyber risk management software, today unveiled its Quantification Wizard, a powerful tool designed to simplify and accelerate cyber risk quantification. Available now on Axio's platform, the Wizard allows organizations to quickly assess and quantify the financial impact of cybersecurity risks, helping them make well-informed, prioritized decisions.
Cyber risk quantification has traditionally been a resource-intensive task, demanding time, expertise, and significant financial investment. Axio’s new Quantification Wizard breaks this paradigm, allowing businesses to quantify cyber risks in a fraction of the time and effort, while maintaining the full data fidelity and transparency that Axio provides today. By significantly reducing the complexity of getting started with cyber risk quantification, businesses can gain a clear understanding of potential cyber threats, financial impacts, and actionable steps to mitigate risk within minutes.
“Our Cyber Risk Quantification Wizard helps security leaders present cyber risk in a way that resonates with business stakeholders, allowing for faster decision-making and better alignment with overall business objectives,” said Scott Kannry, Co-founder and CEO of Axio. “It transforms cyber risk quantification into a process that is not only quick but also transparent and highly actionable.”
Key features of Axio’s Cyber Risk Quantification include:
- Transparent and flexible risk quantification: The Wizard guides users through business-specific questions, pairing them with predefined, quantified cyber risk scenarios that can be easily refined using flexible, transparent formulas.
- Tailored with control-based input: Axio allows linkage of control-based assessments as input for quantification, tailoring analysis to existing controls, and identifying control gaps.
- Quick time-to-value: The Wizard delivers clear, actionable risk scenarios in minutes, allowing security leaders to present risks in financial terms, align stakeholders, and secure budgets.
- Industry-leading probability data: Axio integrates Cyentia’s incident probability data, offering accurate insights into the likelihood of cyber events without expending significant resources.
- Boardroom-ready reporting: Axio provides detailed risk reports that enable security leaders to confidently communicate their risk posture to and collaborate on cyber initiatives with the board, C-suite, and insurers.
“Our goal is to provide security leaders with actionable insights that allow them to make informed, strategic decisions quickly and deliver a high return on investment (ROI) for their cybersecurity programs,” added Kannry. “The Quantification Wizard delivers the speed, clarity, and transparency needed to navigate today’s dynamic cyber threat landscape.”
The Cyber Risk Quantification Wizard is immediately available to all current Axio Quantification customers at no additional cost and new customers can purchase the Wizard as a starter offering. For more information on how Axio’s Quantification Wizard can transform an organization’s cybersecurity risk management, please join the Axio team for a Product Webinar on Tuesday, October 8th at 12pm ET. You can register here.
About Axio
Axio focuses on key areas of an enterprise that represent the highest risk so organizations can budget wisely, improve cyber resilience, and demonstrate duty of care. The Axio360 platform is a decision-making engine for holistic cyber risk management, including cybersecurity assessments, cyber risk quantification (CRQ), risk transfer, and cyber insurance analysis. Axio’s industry-leading cybersecurity performance management software aligns security leaders, business leaders, and Boards of Directors around a single source of truth about their most critical corporate risks. Since 2016, Axio has been a trusted partner to many of the world’s leading critical infrastructure, energy, manufacturing, and financial services companies, helping drive better visibility and decision-making about cybersecurity priorities and investments. For more information, visit axio.com.
