Cyber risk modeller Kovrr has launched its CRIMZON framework for comparing and managing accumulations of systemic cyber risk.
The CRIMZON framework divides global regions into ‘Impact Zones’ which includes location, the size of the entity, and the industry type.
It’s based on research that demonstrated companies from the same location and industry often rely on the same technologies and third-party service providers leaving them exposed to similar cyber attacks or failures.
Yakir Golan, CEO and co-founder of Kovrr commented: “When we first developed this framework, the goal was to help re/insurers measure catastrophic cyber risk exposure on their portfolio, but we realised that it could do so much more to help companies address the potential financial impact of cyber on the business, identify trends in advance, and proactively respond to these events.
“The CRIMZON Framework is extremely useful in this current cyber insurance…
