Cyber Risk Assessment

With Polar Risk’s Cyber Risk Assessment, you gain instant clarity on the cyber risks your organization faces, the likelihood of them occurring, and their potential financial impact.

This provides you with clear, transparent, and well-founded insight into the cyber risks that truly matter.

For CISO's

Make cyber risks transparent and clear

Make technical cyber risks and threats visible to senior management and board members, so they understand the risks and take action.

Justify the security budget

Support the need for additional security budget with quantitative data: with an investment of X euros the cyber risk can be reduced by Y euros.

Determine risk appetite

“When is secure, secure enough?”. Based on the Cyber Risk Assessment, determine which risks the organization wants and is able to bear.

Prepare for NIS 2; risk management

NIS 2 requires more from organizations when it comes to managing information security risks. The Cyber Risk Assessment helps organizations prepare for NIS 2.

Compare and optimize investment in measures

Use quantified cyber risks to compare different measures as part of a cost-benefit analysis and business case.

For board members

Gain control of risks

Make informed decisions and gain the confidence that the organization is "secure enough".

Cyber risks like any other risk

Compare cyber risks with other types of operational or financial risks and set priorities for the organization.

Focused investment, saving money

Invest only in measures that align with the organization’s actual cyber risk, and avoid waste or duplication.

NIS 2 Board Liability

Take control over the legal responsibilities and liabilities introduced by the NIS 2 directive.

Cyber insured

Enter negotiations for purchase or renewal of cyber insurance well prepared, and achieve the most favorable coverage and premium.

How we work

Clear steps, personal guidance, and measurable results – this is how we make a difference together.

Step 1

Introduction

During the introduction we explore mutually whether there is a match. You gain insight into who we are, how we work, and why we believe risk analyses can be done differently and better. We listen to your ambitions, challenges, and assess whether our approach adds value.

Step 2

Preparation

Together with key stakeholders, we define the scope and collect the necessary information. This ensures the analysis aligns with your strategic goals and that we hit the ground running from day one.

Step 3

Interviews

We interview key people within your organization to jointly identify the most relevant cyber risks. Then we analyze those risks so we get a clear picture of both the probability of occurrence and the possible impact on your organization.

Step 4

Quantifying risks

We translate risks into concrete euro amounts using models based on data – from your organization as well as external sources. That way you get control over both the likelihood and impact of different scenarios.

Step 5

Delivery

You receive a clear report detailing the cyber risks your organization faces, the probability of them occurring, and the impact expressed in euros if they do. In a joint session we explain the results and associated insights, so that you can immediately act, set priorities, and make decisions based on facts.

Frequently Asked Questions

How long does an average analysis take?

An analysis usually takes around 8–12 weeks. During this period we conduct interviews, perform the analysis, and deliver a draft of the final report. In the meantime we validate the findings with people in your organization.

Is the introduction meeting free of charge?

Yes, the introduction is free and comes with no strings attached.

Does any preparation need to be done for the introduction meeting?

No preparation is necessary for the introduction. We’ll discuss how risk quantification can help you.

My organization doesn’t have enough data. Is an analysis still possible?

We have yet to meet an organization that doesn’t have enough data.

In practice, organizations have more data than they realize. Departments such as Finance, HR, and the Security Operations team often hold a goldmine of information needed to quantify cyber risks. In addition, at Polar Risk we use datasets and statistics from internationally renowned research institutes.

What are the costs?

The introduction meeting is completely free. We make a tailored proposal that is appropriate for your situation.

Cyber Risk Assessment

How we work

Frequently Asked Questions

Cyber Risks in Euro's