Cyber risk solutions that go beyond tech to address business challenges
At ArxNimbus, we understand that managing cyber risk requires more than just technology; it requires a comprehensive business strategy.
From boardroom updates to mergers and insurance planning, your organization faces multiple challenges that demand data-driven, actionable insights. That’s where Thrivaca™ comes in. Our actuarial-based quantification platform translates cyber risk into clear, financial terms, empowering you to make informed decisions, reduce uncertainty, and protect your bottom line.
Explore how each of these challenges can be addressed with the right data and a focused approach:
RIGHT DATA, RIGHT APPROACH
Board Reporting & GRC: enhance cybersecurity governance and compliance
Our Thrivaca Risk Profile was designed in concert with the National Association of Corporate Directors (NACD) Cyber Risk handbook. Specifically, the analytical results of your Risk Profile address the “Four Key Questions” recommended by NACD for boards and senior management to apply to the governance, oversight and transparency for cybersecurity risk.
Clear, data-backed updates give your board the visibility they need to govern cyber risk effectively.
- Use Thrivaca’s Risk Profile to present loss exposure in business terms.
- Track your organization's progress and improvements over time.
- Align with SEC and NACD guidelines for governance.
Leverage our board presentation template in PowerPoint. This standardized reporting template allows for the pacing and focus, consistent with SEC and NACD guidelines to address the most insightful areas for senior management.
RIGHT DATA, RIGHT APPROACH
Mergers & Acquisitions: secure your transactions with advanced cyber risk solutions
Many M&A processes are under-attentive to cybersecurity risk. This can often result in under-funding of needed cybersecurity upgrades and remediations. Ultimately, this can adversely affect the overall economic benefits the merger was intended to yield. We know, for example, that there have been mergers where up to $100mm has been written down as a result of discovering unexpected cybersecurity issues.
To address this, we run a fresh Risk Profile on both the acquiring company and a separate Risk Profile on the to-be-acquired entity. Once these two are complete, we have the ability to run a valuation-weighted “to-be” Risk Profile on the combined entity. We then use a comparative analysis to graph the differential exposure to specific risk types. This shows all stakeholders not only the comparative status of each organization but also the projected status of the newly combined entity post-integration. Finally, the Thrivaca ROI analysis is used to identify the highest-value strategies and remediations to be included in the overall M&A integration process.
Ensure your deal’s success by identifying and mitigating cyber risks before they impact your valuation.
- Get a clear risk profile for both entities pre- and post-merger.
- Address high-priority risks early to protect the merger’s financial benefits.
RIGHT DATA, RIGHT APPROACH
Optimize Cyber Insurance Planning: safeguard against financial risk
Cyber insurance premiums can vary widely based on a range of factors, including the size and industry of the organization, its cybersecurity practices, the coverage limits and types of coverage selected, and the risk profile of the insured.
Therefore, providing a "typical" cyber insurance premium is challenging and ultimately requires a complete knowledge of the organization's cyber risk in financial terms.
Reduce premiums and get the coverage you need with an accurate risk assessment.
- Thrivaca’s data-driven insights help insurers offer you better rates by reducing uncertainty.
- Know your risk in financial terms to make informed decisions.
7 Tips to Maximize Your Cyber Insurance Planning
RIGHT DATA, RIGHT APPROACH
Cyber Risk Remediation: resolve threats with targeted solutions
By following a risk-based approach, considering industry best practices, assessing feasibility, keeping up with the threat landscape, involving stakeholders, and monitoring effectiveness, organizations can select and prioritize cybersecurity remediations that are most relevant and effective in mitigating risks and protecting their systems and data from potential cyber threats.
Sounds overwhelming, right?
We'll be able to help you prioritize your cybersecurity efforts where it matters most.
- Thrivaca pinpoints the biggest vulnerabilities, guiding you to the most effective remediations.
- Align with industry best practices to stay ahead of threats.
RIGHT DATA, RIGHT APPROACH
Achieve Regulatory Compliance with cyber risk frameworks: NIST, ISO, MITRE ATT&CK
Achieving cybersecurity regulatory compliance requires a comprehensive documentation approach that involves a combination of policies, processes, and technologies. From understanding applicable regulations to establishing an incident response plan, you can use your Thrivaca Risk Profile to properly portray your risks in terms of each relevant regulatory framework.
Achieve compliance without the guesswork.
- Thrivaca aligns your cybersecurity measures with major regulatory frameworks (GDPR, HIPAA, etc.).
- Simplify audits and avoid fines with clear documentation.
- Thrivaca provides you with the best defendable position because it's aligned with industry frameworks.
BOTTOM LINE:
Cybersecurity Program Optimization: reduce risk and recover costs
At ArxNimbus, we help you turn cyber risk into actionable insights. Reduce costs, lower risk, and optimize your security program with clarity.
Reduce your organization’s risk and recover costs.
- Use the Thrivaca Risk Profile to focus on high-impact risks for greater cost recovery.
- Build a sustainable risk reduction program that evolves with your needs.
Solution FAQs
How does Cyber Risk Remediation work?
ArxNimbus transforms cybersecurity strategy by focusing on risk eradication through targeted, cost-effective solutions.
It evaluates decisions based on financial impact, aligning with business practices across domains.
By tracking over 14,000 threat-vulnerability pairs, ArxNimbus prioritizes significant risk sources, addressing root causes rather than symptoms.
Our platform also offers a strategic approach to selecting cybersecurity solutions, prioritizing vulnerabilities based on potential impact and implementation feasibility.
Its Risk Profile maps historical probabilities to an organization's specific conditions, providing ongoing assessments and tracking remediation progress.
This data-driven method illustrates financial impacts, facilitating informed decision-making and stakeholder alignment. With frequent updates, ArxNimbus delivers timely insights, enabling organizations to effectively mitigate risks while maintaining alignment with business goals and operational requirements.
This comprehensive, financially-driven approach optimizes resource allocation for maximum risk reduction and cost recovery, both short-term and long-term.
What are the benefits of Cyber Insurance Planning?
ArxNimbus assists organizations in planning optimal cyber insurance coverage through a comprehensive approach.
By thoroughly assessing cyber risks, identifying vulnerabilities, and determining appropriate insurance levels, it helps companies balance risk remediation with insurance needs.
This process enables organizations to make informed decisions about risk transfer, optimize cybersecurity investments, and ensure adequate coverage for potential financial losses.
ArxNimbus's method allows companies to align their insurance coverage with their specific risk profile while staying adaptable to evolving cyber threats. Ultimately, this strategy facilitates effective cyber risk transfer to insurance providers while maintaining a dynamic, comprehensive risk management approach that responds to the ever-changing cyber landscape.
How does ArxNimbus ensure compliance with NIST and ISO frameworks?
ArxNimbus addresses the challenges organizations face in achieving and maintaining cybersecurity regulatory compliance by providing a systematic, risk-based approach.
By leveraging a comprehensive Risk Profile, ArxNimbus helps organizations portray risks in terms of relevant regulatory frameworks and prioritize cybersecurity efforts for maximum compliance and risk reduction.
This approach enables organizations to better protect their information systems, develop more effective strategies, and respond swiftly to incidents while improving employee engagement in cybersecurity practices. As a result, organizations can not only meet regulatory requirements but also enhance their overall cybersecurity posture, adapting continuously to the evolving threat landscape.
Ultimately, ArxNimbus's method helps reduce the risk of data breaches and their associated financial and reputational damages, providing a holistic solution to the complex challenge of cybersecurity compliance.
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