ArxNimbus Cyber Risk Case Studies: proven strategies for business transformation
Our clients' journeys speak louder than words, and we're excited to share how our advanced actuarial cyber risk quantification solutions (#ACRQ) have transformed their businesses.
Dive into these featured cybersecurity case studies and testimonials to see how we’ve made a measurable impact on their bottom line.
Ready to see what we can do for you?
SITUATION
$6.872 BILLION.
How the largest cyber loss in U.S. history was forecast - 1o months earlier...
Update to the Feb 2024 UnitedHealth Group Breach
SOLUTION
On 4/17/23, an ArxNimbus risk profile was completed on United Healthcare as part of a cyber insurance analysis. The risk profile projected a loss exposure of $7.87B.
IMPACT
What if this risk had been predicted within 8% – some 310 days earlier?
SITUATION
A $750mm medical diagnostics provider had implemented a series of conventional cybersecurity protections but was still uncertain of its risks. The board, CEO, and CFO were unable to see where they were on eliminating risk, how much to spend, and how much of the journey remained.
SOLUTION
The company brought in their MSP, who worked with ArxNimbus to implement a recurring Thrivaca Risk Profile. Utilizing company financials, historical losses, and actuarial (ACRQ) models, the company and management were able to see the total risk posture and value of potential strategies and options.
IMPACT
Over time, $22mm in cybersecurity risk was eliminated, and management approved a doubling of the cybersecurity budget. In the very next annual review, the CEO observed, “This is the first time I’ve felt I can be comfortable.”
SITUATION
A $2.8 billion financial services firm with 4,000 employees had been tracking digital risks using a risk register based on expert opinions. Despite significant cybersecurity investments, the firm lacked a financial valuation of its total digital risk, creating uncertainty about large potential liabilities.
SOLUTION
The firm implemented ArxNimbus Thrivaca's enterprise-wide risk profile platform, using data from vulnerability scans, internal audits, and security assessments. Thrivaca provided a financially quantified analysis of the company’s digital risk, highlighting the origins and probabilities of potential threats.
IMPACT
The firm gained a comprehensive understanding of its $381 million digital risk and was able to prioritize risk mitigation efforts, reducing cyber risk carrying costs by 8.2%. In the first year, this resulted in a recovery of $25 million in costs, informed decisions on cyber insurance, and optimized resource allocation
SITUATION
Ensono, a leading cloud services provider, had spent $250,000 on a consulting firm for a cyber risk assessment but received imbalanced results mixing subjective and objective data, leaving the company with unclear risk insights.
SOLUTION
Switching to ArxNimbus’ Thrivaca™ risk management platform, Ensono received real-time, data-driven insights into its cyber risks, offering a transparent view of its risk landscape.
IMPACT
- Swift Insights: Within days, Thrivaca provided actionable intelligence, a stark contrast to the prolonged results of the previous assessment.
- Informed Decision-Making: The platform’s comprehensive risk data enabled Ensono to take targeted, effective action.
- Cost Efficiency: Thrivaca’s immediate insights potentially saved Ensono the $250,000 consulting fee they had previously spent.
TESTIMONIALS
What clients and industry say
"ArxNimbus is the only one we’ve seen that brings things to a proper financial valuation."
“The ArxNimbus technology provides the quantitive risk results we expect - a very useful effort indeed.”
“The method ArxNimbus uses for quantifying the effects across NIST 800-53 categories is quite savvy.”
STAY AHEAD OF CYBER THREATS
Access to our monthly LIVE ‘RISK CALL’ & ‘CYBERWatch News’
From live sessions with industry leaders to timely, subscriber-only reports on the latest trends, you'll have everything you need —reliably sourced and digestible summaries —to safeguard your assets, reputation, and bottom line.
Don’t miss out on the tools that give you a competitive edge in managing and mitigating cyber risks.