The new solution thus offers corporate leaderships clarity, visibility and transparency for real-time, data-driven decision-making. The probability of a cyber loss is correlated with a company's industry and revenue size.

Using breach information, the proven algorithm determines the potential severity of cyber incidents based on the probability of a cyber event. Maxxsure identifies sources of cyber loss and estimates the associated costs and resulting liabilities. 24, 2022 /PRNewswire/ - CRISIL Global Research & Risk Solutions, the world's largest and top-ranked provider of high-end risk, data analytics and research services, has partnered with US-based Maxxsure, a leading provider of cyber risk management software-as-a-service (SaaS) solutions, to offer global clients a comprehensive cyber risk and cyber insurance analytics solution.Īn analysis by CRISIL and Maxxsure shows how large institutions are attractive targets for cyber hackers globally and face a higher probability of loss.ĬRISIL's leading-edge risk and compliance solutions, domain expertise and consulting offerings across cyber risk assessment, strategy and governance integrate seamlessly with Maxxsure's M-Score, a fully integrated proprietary technology that identifies a company's current and potential cyber risks, evaluates their preparedness and resiliency against a cyber event, and estimates potential financial loss.

Cyber risk probability algorithm