Quantify Risk Into Financial Impact

Quantify and communicate risk in the language every stakeholder understands — money. Risk Cloud Quantify™ enhances traditional quantification techniques with Monte Carlo simulations and supports the Open FAIR™ Model. 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

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. With Risk Cloud Quantify, you can:

  • Proactively predict, manage, and mitigate risk from a single, integrated platform.
  • Translate risk into monetary value (USD, GBP, and EUR) to prioritize investment and response with an ROI-driven approach.
  • Effectively communicate risk strategies to gain buy-in, understanding, and budget allocation.


Navigate Economic Uncertainty With Actionable Risk Insights

Loss exposure, loss magnitude, and loss event calculations are just a few of the risk quantification methods available to you in Risk Cloud Quantify. Run Monte Carlo simulations and simulate loss exceedance curves, and then compare analyses and aggregate outputs by business units, risks, and assets to determine your full risk exposure (aggregation available in 2023).

With Risk Cloud Quantify, you get access to unlimited calculations and simulations. Run and compare multiple different analyses to visualize how scenarios change over time as your controls, risk factors, and operating conditions evolve.

Navigate Economic Uncertainty With Actionable Risk Insights
Transform Risk Into Strategic Advantage With FAIR Risk Analysis

Transform Risk Into Strategic Advantage With FAIR Risk Analysis

Risk Cloud Quantify generates Open FAIR quantified risk outputs to assess 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.

Risk Cloud Quantify can be used across business units, functions, and geographies to help you better allocate investments, identify acceptable risks, and uncover redundant or inefficient controls impacting your organization's ROI.

Frequently Asked Questions

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

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? icon

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? icon

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? icon

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? icon

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.

Learn More About Risk Quantification

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