QuantRisk is our solution for cybernetic risk management that allows you to measure quantitatively, allowing for a financial executive of losses and justifying investment in security by a cost-benefit analysis.
The solution’s methodology is based in norms and standards, such as ISO 31000, 27001, FAIR – Factor Analysis of Information Risk and the most recent version of CIS controls. In order to calculate values, the solution uses statistical and stochastic methods, including the Monte Carlo simulation, for risk estimation and respective reduction, from selection and implementation of controls.
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Management of cybernetic risk is one of the main concerns of executives, supporting decision making related to security and organization’s resilience, dealing with uncertainties and threats in the digital space.
Modulo has developed QuantRisk in order to automate the management process, granting an integrated view of quantitative values and benefits (ROI) stemming from security measures.
Quantitative evaluation of cybernetic risks
Utilizing a tool for a quantitative evaluation of cybernetic risks, allows for sharing knowledge about threats and a financial analysis of the cost x benefit of implementing security measures.
Different from qualitative analysis that traditionally classify risk by ranges (low, medium, high) and subjective values, the quantitative analysis uses statistical simulations that provide a more detailed and objective view, with monetary reference, attributing financial values to the risk magnitude.