Translate Risk Into Financial Values

Quantify and communicate risk in the language every stakeholder understands — money. Risk Cloud Quantify™ helps you move from qualitative to quantitative risk assessments across your entire risk repository. From cyber risk to enterprise risk, we’ll help you communicate risk with clarity and confidence.

Speak Your C-Suite's Language

Speak Your C-Suite's Language

Ready to move beyond heatmaps and data visualizations? Risk Cloud Quantify adds financial context to risk decisions to improve collaboration and understanding across business units. It integrates with every Risk Cloud Application, so you can scale your risk quantification strategy from one centralized platform as your team and organization grows.

Transform Risk into Your Strategic Advantage

Risk Cloud Quantify uses the Open FAIR™ Model to assess and quantify the financial impact of business risks. This industry standard leverages calculations like annual loss exposure and loss event frequency to turn business uncertainty into a competitive advantage. Trusted by cybersecurity leaders for over 10 years, Open FAIR is a proven methodology that can add clarity to any strategic business decision.

Transform Risk into Your Strategic Advantage
Get Actionable Risk Insights – From One Platform

Get Actionable Risk Insights – From One Platform

Risk Cloud Quantify unlocks a holistic view of your risk program so you can:

  • Proactively predict, manage, and mitigate risk from a single, integrated platform
  • Assign monetary values to risk to prioritize investment and response with an ROI-driven approach
  • Better communicate risk strategies to gain buy-in, understanding, and budget allocation

Frequently Asked Questions

Where can I get data to run a quantitative risk assessment?

If you’re attempting quantitative risk assessment for the first time, it’s important to start small and work from a strong foundation. Working from your risk register, you can begin collecting data, scoping risks, and building different scenarios with a model like Open FAIR.

We recommend using existing qualitative assessments to prioritize data collection for your first quantitative assessment. Select an event with a high likelihood and magnitude, and look for supplementary data from existing sources like internal files (e.g., incident logs and reports), external data from published reports (e.g., Verizon Data Breach Investigation Report), or if you’re an existing Risk Cloud user, data from installed Applications.

Now you’re ready to conduct your first quantitative risk assessment. As you get started, it’s important to focus on incremental improvements instead of perfection. Directionally correct data pulled from public sources is still an improvement over reporting risks in reds, yellows, and greens.

Why does Risk Cloud Quantify use the Open FAIR model?

The Open FAIR model is a trusted industry standard for risk quantification. It is a publicly available statistical model that generates a transparent, defensible output. Think of Open FAIR as a “glass box” instead of a “black box” – it is not proprietary and can be inspected and validated if necessary.

What calculations does Risk Cloud Quantify generate?

Risk Cloud Quantify uses the Open Fair methodology to help you determine annual loss exposure, loss event frequency, loss magnitude, and more.

Can I run Monte Carlo simulations inside Risk Cloud Quantify?

Yes. Risk Cloud Quantify includes a Monte Carlo simulator that generates the dollar loss range output after running the simulation 50,000 times. Results are displayed in a sharable, annual loss exceedance curve (ALE) report.

Is Open FAIR only for cyber risk management?

While Open FAIR was primarily designed for IT and cyber risk management, it’s a trusted, open model that can be applied to any risk management use case. Assessment outputs are generated using Monte Carlo simulations, adding an additional level of familiarity and trust for non-cyber teams. Existing Risk Cloud users may purchase and implement Risk Cloud Quantify platform-wide to help translate risk into monetary terms across every use case.

Further Reading

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