SAN JOSE, Calif., Aug. 3, 2021 /PRNewswire/ — Balbix, provider of the world’s leading platform for cybersecurity posture automation, announced today the launch of its Automated Cyber Risk Quantification (CRQ) solution. Balbix’s new offering allows organizations to produce a single, comprehensive view of their cyber risk in dollars (or other currencies) so they can prioritize and fix security vulnerabilities faster and reduce breach risk by 95% or more. For example, to protect itself against ransomware attacks, an organization could use Balbix to identify the assets that would be most costly if held to ransom and quickly act to reduce these risks.
Automated cyber risk quantification
Calculating breach risk in monetary terms provides a common language that organizations – from security engineers and IT admins to the CISO, CFO and CIO – can use to prioritize projects and spending, and track the effectiveness of their overall cybersecurity program. However, most organizations have struggled with measuring cyber risk due to their reliance on complicated manual processes and dozens of isolated IT, security and business tools.
The Balbix Automated CRQ solution uses machine…
