Cyber risk news, insights, and recognition that impact your business 

[JANUARY 22, 2025 | CHICAGO, IL] —In the wild west of AI innovation, managing risk isn’t just about mitigation—it’s about survival. With AI projects running amuck, CISOs face unprecedented challenges, navigating a chaotic landscape of bias, transparency gaps, and operational unpredictability.

Cue ArxNimbus’ AIA solution (Artificial Intelligence Assurance): clarity and control organizations desperately need. By combining financial precision with a robust risk framework, AIA (pronounced eye-ah) empowers businesses to rein in risks, align efforts with compliance standards, and turn AI chaos into strategic opportunities.

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➡️Learn about AIA

Falcon Risk Services, a majority-owned MGA by HDI Global Specialty, a wholly owned subsidiary of HDI Global SE, and ArxNimbus, an industry leader in cybersecurity risk management, today announced a strategic partnership set to transform the landscape of cyber risk quantification.

This collaboration integrates Falcon Risk Services' extensive insurance expertise with ArxNimbus' cutting-edge actuarial-based cyber risk quantification (ACRQ) technology, creating a powerful synergy that will redefine how cyber risks are assessed and policies are underwritten.

"Our partnership with ArxNimbus marks a significant leap forward in our underwriting capabilities," said John Merchant, Head of Cyber and Professional Liability at Falcon Risk Services. "By leveraging ArxNimbus' advanced risk quantification and analysis tools, we're poised to offer our insureds more precise, tailored, and competitive cyber insurance solutions."

The partnership introduces several game-changing advantages for Falcon's underwriting process:

1. Unparalleled Risk Assessment: Utilization of ArxNimbus' proprietary Advanced Actuarial-based Cyber Risk Quantification (ACRQ), which combines actuarial science with cybersecurity expertise to provide unparalleled accuracy in risk assessment. This approach allows for a more nuanced and precise evaluation of each client's unique risk landscape, factoring in industry-specific threats and vulnerabilities.
2. Dynamic Risk Visualization: Access to near real-time, synchronized representations of an applicant's cybersecurity landscape, enabling more informed underwriting decisions.
3. Advanced Comparative Analysis: Capability to benchmark clients against industry standards and peers, providing crucial context for risk evaluation.
4. Predictive Analytics: Forecasting of potential changes in risk profiles based on industry trends and emerging threats, allowing for more forward-looking policy design.

Read the full news release here: https://www.hdi.global/en-us/infocenter/press/2024/strategic-partnership/

ArxNimbus Thrivaca™ 8.0 introduces groundbreaking advancements tailored to the unique needs of enterprise cyber insurers, private equity portfolios, and OEMs, making cyber risk management more precise, predictive, and actionable than ever before.

Key Updates in NIST-Approved Thrivaca 8.0 Include:

• Digital Twin Technology for Enterprise Risk Scenarios:
  Now, organizations can simulate over 30 "what-if" scenarios, including solution implementations, threat surface changes, and evolving business conditions—all without affecting live systems. This capability allows businesses to anticipate risks, evaluate outcomes, and make informed decisions with minimal disruption.
• Private Equity Portfolio Risk Optimization:
  PE firms can now generate comprehensive, industry-specific risk profiles across their portfolios, forecasting financial outcomes, optimizing cyber budgets, and identifying cost takeout opportunities. This allows for more strategic decision-making at both the firm and portfolio company levels.
• OEM Validation and Control Uplift:
  Using composite results from independent analyses and customer data, OEMs can now provide precise before-and-after risk assessments. This feature helps security professionals demonstrate the tangible value of their solutions, securing management buy-in for the most cost-effective and high-impact cybersecurity strategies.

"Seeing is believing," said Andrew Patterson, ArxNimbus COO. "Our new features not only bring cost savings but also help organizations eradicate risks before they materialize. We love seeing the moment when our clients realize the potential of Thrivaca 8.0 in action."

To grasp how digital twin technology is revolutionizing cyber risk management, it’s essential to understand what it is.

What is Digital Twin Technology?

A digital twin is an extensible and scalable framework that supports future innovations across technology platforms, security, and related fields. Essentially, it mirrors all stages of a product or process lifecycle — from planning and simulation to subsystem modeling and implementation.

Operating through a network of interconnected technologies, a digital twin synchronizes the physical and digital worlds. This technology analyzes vast amounts of data, delivering actionable insights that have become indispensable in a range of industries. Digital twin strategies address the entire value chain, with each component adding measurable value.

Why is Digital Twin Technology Revolutionary for Cyber Risk?

Digital twin technology provides multiple benefits that significantly impact cybersecurity strategies, including:

Streamlining Processes & Ensuring Seamless Interoperability: By facilitating better connectivity between various systems and data flows, digital twins streamline cybersecurity processes, enhancing their efficiency and reliability.

Enhancing Compliance & Regulatory Adherence: The technology supports compliance efforts by ensuring that security measures meet necessary regulations, making adherence smoother and more reliable.

Improving Security Preparedness Amid Complex Challenges: A digital twin’s predictive analytics help organizations stay ahead of potential threats, navigating the complex challenges of cybersecurity with greater preparedness.

Optimizing Security Measures & Safeguarding Data: Digital twins continuously optimize security protocols, safeguarding critical data while actively mitigating risks.

Supporting Sustainability & Resilience Initiatives: By offering a resilient architecture, digital twin technology enables businesses to bolster their sustainability and long-term cybersecurity efforts.

Accelerating the Development of Innovative Cybersecurity Strategies: The adaptability and scalability of digital twins empower rapid development and deployment of new cybersecurity tactics and measures.

How ArxNimbus Leverages Digital Twin Technology

ArxNimbus integrates advanced digital twin technology into its NIST-approved actuarial-based cyber risk quantification framework. This approach offers an extensible, scalable solution that enhances an organization's cybersecurity posture at every stage — from planning and simulation to full implementation.

For a deeper dive into how digital twin technology can transform your cybersecurity strategies, watch the replay of the ArxNimbus Risk Call, featuring a live demo: ArxNimbus Risk Call on Digital Twin Technology.

In today's interconnected world, board members play a crucial role in overseeing an organization's cybersecurity risk management. Their focus is on areas vital to the enterprise's viability, including:

• Cyber Threat Landscape
• Risks and Vulnerabilities
• Compliance and Regulations
• Cybersecurity Policies and Procedures
• Investment in Cybersecurity
• Cybersecurity Governance and Oversight
• Cybersecurity Incident Response
• Third-Party Risk Management

Board members expect a clear understanding of the organization's cybersecurity posture, risks, mitigation strategies, and response plans. This understanding is essential for them to effectively oversee and address cybersecurity concerns.

You've worked hard to establish an outstanding cybersecurity function. But how do you communicate this effectively to the board and senior leaders in ways they can understand and support?

The Answer: Speak Their Language—The Language of Business

Read the full Communicate Cyber Risk in Board Speak LinkedIn article.

Access this Cyber Risk Board Speak Deck resource.

Innovation isn’t just about staying ahead—it’s about giving you a competitive edge. ArxNimbus's internationally patented Thrivaca platform is the only NIST-approved cyber risk quantification platform built on actuarial science, offering precision and insights that no other solution can match. #ACRQ

What does this mean for you? With our patented technology, you get exclusive access to groundbreaking methodologies that turn complex cyber risks into clear, actionable data. Our platform delivers insurance-grade, audit-ready forecasts, so you can make informed decisions that reduce risk, save costs, and protect your organization with confidence.

By choosing Thrivaca, you’re not just using a tool—you’re leveraging an advanced, proven technology that’s built to handle the evolving threats of today’s digital landscape. 

Being veteran-owned and operated is more than just a label—it reflects core values. Our military backgrounds have instilled a commitment to discipline, integrity, and a mission-focused mindset that drives everything we do.

By choosing to work with ArxNimbus, you’re not just supporting a business—you’re supporting veterans who bring resilience, leadership, and a proven ability to overcome challenges. We take pride in applying the same principles that guided us through service to help our clients navigate complex cyber risk challenges with precision and care.

We’re also proud to be part of a community that values diversity and social responsibility. Supporting veteran-owned businesses like ours means contributing to a greater cause, empowering those who’ve served to continue making a difference in civilian life.