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.
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. CRQ complements cyber risk
management (CRM) as it translates a cybersecurity risk into a financial risk.
Decision makers at the executive level of corporations might not understand
cybersecurity terminology, so the CRQ risk model quantifies the financial impact of
a risk event. This way, corporations, CISOs, stakeholders and those in charge can
gain visibility and a deeper understanding of risk impacts and make better decisions
concerning cybersecurity investments.
Therefore, cyber risk quantification aligns a company’s security strategy with its
business goals. It enables organisations to get the specifics of how cyber risks
affect them and initiates the conversation of cybersecurity posture at the executive
level. CRQ also creates an impact-based priority list of risks, revealing which
risks IT specialists should remediate first.
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