Cyber-risk quantification challenges and tools that can help

Cybersecurity leaders need to prioritize initiatives based on risk and budget limits, yet quantifying cyber-risk can be challenging. Most organizations struggle to calculate the potential cost and probability of a cyberattack. Tools like Axio360, Balbix, FortifyData, RiskLens and Risk Quantifier can help security teams make more reliable decisions by providing a structured framework for calculating costs and probabilities, using data from other companies’ experiences and offering powerful simulation tools. These tools should inform broader cyber-risk management rather than dictate strategy.