CYBER RISK ASSESSMENT

1. Cyber Risk Assessment with robust methods and a scalable solution CYBERCAT that can be used by the underwriting team to get a qualitative and quantitative assessment of the risk that it is about to underwrite to ensure risk enabling suggestive pricing commensurate with probable peak exposure.
2. The overall rating determines if the controls are commensurate with the perceived inherent threats. A higher gap between the threat score and the controls score, with the controls being on the higher side, indicates a more secure organization in terms of cyber security risks.
3. The business user or Underwriting Admin will be able to view the post assessment standard for determining or reviewing the product cost comprehensively.

HOW CAN CYBER RISKS AFFECT BUSINESSES?
Cyber risks can have far-reaching consequences on the way a business operates. Here are just a few ways in which they can cause real problems: Also read Cyber terminologies from our PDF section.

1. Virus or hacking attacks which prevents customer access.
2. Corruption of data.
3. Theft of IP.
4. Loss of customer, third party process data.
5. Consequential Damages, liability to a third party, including associated litigation, fines and damages.
6. Reputational Risk as a result of the attack.
7. Loss of Gross Profit or Gross Revenue.