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Cyber Risk Consulting

Enhance cyber risk resilience and align cybersecurity strategies with priorities driven by finance, operations, information and technology with tailored cyber risk consulting solutions.

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Enhance your cyber risk resilience and allocate cyber resources more confidently. Our Cyber Risk Consulting aims to make your cyber risk spend work harder by tailoring cyber risk management programs to match your organization’s specific threats and mitigation measures.

At the cornerstone of boosting your cyber resilience is our ability to quantify your cyber risk in financial terms. We attach risk spend to the cyber security scenarios most relevant to you, translating your specific cyber threats into potential financial impact. Equipped with this insight, you can develop more efficient and effective cyber insurance and cyber risk mitigation strategies.

Enhance cyber resilience

Our Cyber Risk Consulting services empower you to proactively manage and mitigate these risks through:

We align cybersecurity practices with finance, operations, information management and technology. Our transparent modeling techniques allow us to tailor risk management programs to your organization’s unique threats and mitigation strategies.

We go beyond generic risk assessments. Our cyber risk experts quantify cyber risk in financial terms. By attaching monetary figures to specific cyber risk scenarios, we link cyber risk insight with its potential financial impact.
Our specialized team base all your assessments on rigorous cyber threat landscape analyses, as well as your specific exposures. We identify vulnerabilities, assess their impact and recommend targeted mitigation measures.
Allocate your cyber risk budget more confidently. Our data-driven approach ensures your cyber risk spend works harder, maximizing protection.
Armed with insights, you can develop effective cyber insurance and risk mitigation strategies. Make informed decisions to safeguard your organization against cyber threats.

Our analysis builds connections between traditional cybersecurity silos by translating complex cyber threats into clear financial terms and enabling more efficient risk decisions. Our Cyber Risk Consulting can align sometimes disparate departmental views – from cybersecurity, IT, operations, finance and risk – behind one unified strategy.

We address not only the technical concerns of your chief information and security officer (CISO) but also satisfy the financial scrutiny of your chief financial officer (CFO) and the operational oversight of risk managers.

Quantify cyber risk

We give you a precise understanding of your specific cyber vulnerabilities and the financial implications of different threat scenarios, by leveraging our Cyber Quantified platform. You get clear risk assessments driven by sophisticated modeling techniques able to predict potential losses from different cyber risk scenarios.

We craft the cyber risk scenarios most relevant to your organization based on an in-depth understanding of your specific threat landscape, operational value chain and cybersecurity posture.

By focusing on specific threats, rather than generalized industry data, we recommend strategies you can apply directly to your business. And with more relevant recommendations, you can increase the effectiveness of your cyber risk management strategy.

Cyber risk - frequently asked questions (FAQs)

Key cyber risk management questions for risk managers

What are the top cyber threats facing our organization?

Our team of experienced cybersecurity analysts use the very latest cyber threat data and a scenario-based approach to identify and define cyber loss scenarios specific to your organization, considering both your threats and operational value chains.

How can we quantify the financial impact of potential cyber incidents?

Our actuaries and forensic accountants estimate financial impacts by analyzing potential business interruption, liability, data privacy or ransom costs associated with each cyber scenario.

What strategies can we implement to mitigate identified cyber risks?

By running a model based on probability we compare strategies to most efficiently mitigate or transfer the risk, helping you make informed decisions on cyber risk retention or transfer.

Key cyber risk management questions for CFOs

Why invest in cybersecurity?

Reduce risk and decode the cost benefit with investment in cyber risk mitigation strategies. Invest in cybersecurity to better understand the financial benefits of reviewing your cyber security evaluate cyber retention and transfer strategies.

How can we ensure our cyber insurance coverage is adequate and cost-effective?

By defining specific cyber scenarios and estimating their financial impact, our Cyber Risk Consulting offers guidance on the appropriate level of cyber insurance you need to cover potential losses effectively.

Key cyber risk management questions for CISOs

How do we ensure our cybersecurity measures align with the most current threat landscape?

Using up-to-date cyber threat intelligence our cybersecurity team tailor your cyber risk assessments and strategies, ensuring you can align your cyber risk controls with the latest threats.

Can we validate the effectiveness of our current cybersecurity posture against potential threats?

Using in-depth analysis, including cyber resilience maturity assessments and dark web scans, we help you validate and enhance your organization’s cybersecurity measures.

What are the most cost-effective cybersecurity measures we should consider?

By running tailored probabilistic models at the business unit and enterprise level, you can compare and evaluate the most cost-effective risk mitigation and cybersecurity investment options.

To refine your cyber resilience and allocate cyber risk and insurance resources more effectively and efficiently, get in touch with our Cyber Risk Consulting specialists.

Disclaimer

Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).

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