Cyber Risk Quantification | Microminder Cyber Security

Get Immediate Help

Get in Touch!

Talk with one of our experts today.

Yes, I agree with the storage and handling of my data by this website, to receive periodic emails from microminder cybersecurity related to products and services and can unsubscribe at any time. By proceeding, you consent to allow microminder cybersecurity to store and process the personal information submitted above to provide you the content requested. I accept microminder's Privacy Policy.*
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you

We appreciate your interest in our cybersecurity services! Our team will review your submission and reach out to you soon to discuss next steps.

UK: +44 (0)20 3336 7200

4.9

310 reviews on

Trusted by over 2500+ customers globally

Cyber Risk Quantification Services

Looking to transform your cyber risk model? Microminder’s cyber risk quantification methods will offer the calculated insights you need.

What is Cyber Risk Quantification Services?

Businesses in this era face an ever-expanding cyber threat landscape they can barely keep up with. From ransomware to new malware variants, DDoS attacks, APTs to zero-day exploits, etc., CISOs, IT professionals and SRM leaders have to contend with more threats now than they’ve ever experienced. Thus, there’s a saturation of cyber risks that continuously test a company’s security posture and resilience, and with this saturation, the question of where to focus one’s cybersecurity efforts arises.

While businesses can prioritise risks based on their severity and tackle them based on this severity rating, if more than two risks have the same rating, there’ll be confusion on which risk to tackle first. This limitation is what Microminder’s Cyber Risk Quantification aims to fix. Because of the critical influence of cybersecurity on a business’s growth, reputation, functionality and revenue, it would make more sense to prioritise risks based on their financial impacts and likelihood of occurrence.

In essence, if your company were told it had an impending cyber risk with a 70% chance of occurrence that could cost it 2 million GBP in losses, you would initiate a DEFCON 1 approach in addressing this risk. This is what Microminder’s cyber risk quantification offers, calculated insights into the financial impact of cyber risks to facilitate informed and timely decisions that keep your business afloat and thriving.

Read More +

What is Microminder’s CRQ offering?

CRQ stands for Cyber Risk Quantification. It is the series of processes and techniques dedicated to evaluating the risk exposure and occurrence likelihood of identified cyber risks. These risks are evaluated in monetary terms, as they affect the enterprise’s measures of financial success.

Read More +

Microminder Cyber Security Team Stats

2500+

Total customers globally

11K+

Web & Mobile Apps tested

20+

Countries worldwide

7M+

Users secured globally

99%

Of our recent pen tests identified vulnerabilities

59%

Of them contained critical and high risks.

40%

Were access and authentication related issues.

Business risks were remediated last year.

How Microminder’s Cyber Risk Quantification Model Works

Microminder’s CRQ solution uses an automated approach to cyber risk calculations. Our solution unifies all cybersecurity data into a comprehensive CRQ model. We do this by collating data from our cyber threat intelligence (CTI) systems, vulnerability tools, penetration test reports, etc., into a unified cyber risk model, which can be analysed and converted to monetary units and likelihood percentages.

Microminder uses a five-pronged risk calculation approach that operates on the FAIR model of cyber risk quantification to calculate the monetary value of risks. This model analyses cyber risk exposure as a currency value. In this five-pronged approach, the first four factors include vulnerability severity, threat level, security controls and asset security. They are used to calculate the occurrence likelihood of the risk. The last of the five factors is known as business criticality. It incorporates cost factors like notification costs, escalation and detection costs, post-attack response costs, and lost business costs. This business criticality is used to calculate the monetary value of the risk’s impact.

Read More +

Talk with experts

Microminder’s CRQ method

Therefore, Microminder’s CRQ method represents cyber risks as a mathematical formula in which:

Risk = Likelihood x Impact

Via advanced machine learning and automation, Microminder can quantify the likelihood of cyber risk exploitation and the financial impact it can create. Once calculated, Microminder presents this cyber risk factor as cohesive dashboards or graphs, which automatically update with changes to the company’s cybersecurity posture.

Why You Need Microminder’s CRQ Model

Microminder’s cyber risk quantification solution helps IT specialists prioritise the remediation of risks based on their impact. It also offers insights to stakeholders with which they can influence their security posture by justifying security investments, improving understanding and making better holistic cybersecurity decisions, which can only be beneficial to the credibility, reputation, finances and continuity of the enterprise.

Read More +

Microminder’s cyber risk quantification model is a necessity for businesses today for the following reasons:

Including Microminder’s CRQ solution in your cybersecurity arsenal makes your company stand a chance in the war against cyber attacks. Cyber threats are only increasing in aggressiveness and complexity, and as predicted by CISCO, DDoS attacks will affect 15.4 million businesses by 2023. Thus, there’s no better time to upgrade how your company assesses, measures and responds to risks than now.

The attack surface area of businesses only extends with every adoption of AI, IoT, cloud computing or other technologies, which have their inherent risks. Thus, there have never been more entry points for threat actors than now. This is why you need a risk quantification model like Microminder’s to help prioritise these risks based on their detriments and likelihood.

CRM tools often communicated risks qualitatively, which did little to convey their impact to stakeholders and executives within the company, leading to uninformed decisions. Quantitative data in the form of percentages and monetary risks offers more perspective on the severity of the cyber risk. It minimises uncertainty and confusion and demystifies cybersecurity for the executives. Thus, leading to better resource and budget allocation to cyber risk management strategies.

Microminder’s cyber risk quantification tools help IT and risk management specialists gauge the efficacy of their risk aversion and control strategies, as it reveals the extent of risk reduction achieved. Risk managers can redirect the board’s interest to better strategies with this feedback or maintain the same strategy.

Microminder’s cyber risk quantification solution helps organisations strengthen their cyber resilience, maturity and security posture. It guarantees more targeted and cost-efficient responses to cyber risks. It helps them transform their risk mitigation efforts from reactive to proactive, thus enhancing productivity across all aspects of the company.

Trusted by over 2500+ customers globally

We’ve been helping our customers with affordable IT and Cyber security services for

40 Years.

4.9

5 Stars 310 reviews on

Our Customer Testimonials

We had the pleasure of working with Microminder Cybersecurity...and I have to say, their work was nothing short of splendid...

View full review

Viktor DimitrovProduct Owner - moby2.com

Microminder Cybersecurity Microminder's in depth and broad scope pen testing truly provided us with some valuable insights...

View full review

Claire LeePractice Manager - Amsel and Wilkins LLP

Microminder Cybersecurity Microminder's 24/7 managed security services got deployed with such ease and immediately gave us an eagle eye view into our security logs and events...

View full review

Julie CockbillHead of Operations - InfinityBlu Dental

Microminder Cybersecurity Microminder helped us with a tailored managed security services that aligned with our business needs...

View full review

Tina PatelHead of Integrations – Dental Beauty Partners

Microminder Cybersecurity We have chosen Microminder's CISO as a Service model and are very happy with it...I can only recommend Microminder's service.

View full review

Philipp MussbacherSecurity Engineer & solutions consultant – Anonymous

Where we are?

Microminder Offices Worldwide