Financial risk management

Cydea, a provider of cyber risk management solutions, has unveiled the Cydea Risk Platform, aimed at quantifying threats in financial terms for businesses. This platform allows businesses to visualize the consequences of various security-related scenarios, enhancing communication at the board level, expediting decision-making, optimizing investments, and promoting collaboration among stakeholders. One of the critical issues the Cydea Risk Platform addresses is the confusion surrounding the calculation of cyber risk. Despite 75% of businesses prioritizing cybersecurity, only about a third have conducted a cyber risk assessment. This disconnect between the resources...