Balbix Automated Cyber Risk Quantification

Balbix’s new Automated Cyber Risk Quantification (CRQ) offering allows organizations to produce a single, comprehensive view of their cyber-risk in dollars so they can prioritize and fix security issues faster. To protect itself against ransomware attacks, an organization could for example use Balbix to identify the assets that would be most costly if held to ransom and act quickly to reduce these risks.

Calculating breach risk in monetary terms provides a common language that organizations can use to prioritize projects and spending and track the effectiveness of their overall cybersecurity program. But most organizations have struggled with measuring cyber-risk due to their reliance on complicated manual processes and dozens of isolated IT, security and business tools, according to Balbix.

Balbix CRQ uses machine learning and automation to quantify the likelihood and the impact of a potential breach, as well as remove complex and error-prone tasks. As a result, Balbix said organizations can build a unified cybersecurity asset management program; prioritize enterprise vulnerabilities; quantify cyber-risk in monetary terms; and customize security analytics and board-level reporting.