Arx Nimbus Joins in Newly-launched Tech Data RECON Security Suite, Providing the First Insurance-grade Cybersecurity Risk Valuation Platform
Developed collaboratively by a team of accomplished mathematicians and cybersecurity experts, RECON Risk is a first-of-its kind cyber risk analysis platform to financially value risk across the full threat surface, including central data systems, internet of things (IoT), shadow IT, recently acquired entities, cloud, mobile technology and outsourced systems. RECON Risk adheres to regulatory requirements from the
RECON Risk allows senior leadership to have real financial understanding of the risk effects of the cybersecurity program. By providing "what-if" analysis for budgetary and cyber investment options, RECON Risk optimizes cybersecurity strategies and directions and their relative risk-reduction capabilities and provides the complete linkage of the relationships between the key cybersecurity dimensions of threats, risks, vulnerabilities and capabilities, and provides documented traceability of key cybersecurity functions in support of internal audit, legal preparedness, compliance processes and M&A due diligence. "We see the need for reliable, mathematically-sound measurement of cybersecurity risk in financial terms." said Arx Nimbus CEO,
RECON Risk provides an independent, unbiased profile of the detailed sources and effects of the cybersecurity dynamics of the organization including a self-insurance price to help frame key decisions around the cost of specific cyber risks, and valuation of cybersecurity insurance policies. Developed with economist and actuarial practitioners, RECON Risk provides a mathematically based core valuation engine that unlike conventional solutions, is not based on professional judgment or expert opinion. For organizations faced with cybersecurity risk, RECON Risk provides financial valuation of their aggregate risk, and for the financial risk associated with specific vulnerabilities. "We are proud to work with Arx Nimbus to make this groundbreaking risk analysis product part of
For the first time, cybersecurity, financial and risk professionals are able to see the risk-reduction impacts of alternative cybersecurity capabilities, budgets and prospective investments.
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