#United States #California #Cyber Risk #Munich Re #Squalify

Squalify's Entry into the U.S. Market

Squalify, a prominent player in the cyber risk quantification (CRQ) space, revealed its ambitious plan to enter the U.S. market, marking a significant milestone as it secured its first major client. This move comes with exciting enhancements to its cyber risk platform aimed at providing organizations with the ability to measure their cyber risks in clear and quantifiable financial terms.

Partnership with Munich Re

Backed by Munich Re, one of the world’s leading cyber reinsurers, Squalify is set to transform how U.S. firms approach cybersecurity. This robust partnership enables Squalify to leverage Munich Re's cyber risk quantification model, integrating it into the needs of U.S. businesses looking for clarity in their risk management processes. This collaboration signifies a commitment to bridging the technical gap between IT departments and the executive leadership—helping to present cybersecurity as both a strategic necessity and a sound investment.

First Major U.S. Client: Henry Meds

The first notable client in the U.S. for Squalify is Henry Meds, a rapidly progressing digital healthcare firm based in California’s Bay Area. By utilizing Squalify’s platform, Henry Meds intends to gain deeper insights into their cyber risk landscape, enabling them to make informed decisions about security investments. Senior IT Security Manager at Henry Meds, Brian Cook, expressed the company’s commitment to focusing on impactful threats, stating that the Squalify platform has provided a newfound clarity regarding their cybersecurity posture.

Enhancements to the Cyber Risk Platform

Squalify’s expansion is accompanied by significant upgrades to its platform aimed at enhancing risk insight and oversight. New features have been introduced, such as:

• - Subsidiary Steering: This allows cyber risk managers and Chief Information Security Officers (CISOs) to consistently manage and assess risks across multiple business units, ensuring that risk quantification is standardized and comprehensive.
• - Impact Simulations: These provide actionable insights regarding how different business and security decisions could shape overall risk exposure. Organizations can now evaluate the effectiveness of various defense strategies or the potential risks associated with significant transactions.
• - Board of Management Reporting: This feature translates complicated technical details into a streamlined executive report, aiding in discussions around security budgets, cyber insurance, and risk strategy.

Bridging the Communication Gap

By refining how cyber risks are communicated to financial stakeholders, Squalify is effectively shifting the perception of cybersecurity from merely a reactive expense to a proactive business strategy. This innovative approach seeks to align cybersecurity investments with overarching business objectives, ensuring that resource allocation reflects actual risk levels and organizational priorities.

The Vision Forward

As Squalify establishes its footprint in the U.S. market with these advancements, it also sets the stage for a much more transparent conversation about cybersecurity investments. The CEO of Squalify, Asdrúbal Pichardo, emphasized that every security decision should be viewed as a business decision shaped by factual insights rather than apprehension. By enhancing the narrative around cyber risk through factual data and seamless communication, Squalify empowers organizations to safeguard their assets with confidence and strategic foresight.

Conclusion

In a landscape where cyber threats are ever-evolving, Squalify's arrival in the U.S. offers a compelling solution for organizations striving to connect their cybersecurity efforts directly to business value. As they continue to expand and enhance their offerings, the potential for clearer, risk-driven insights into cybersecurity is significant. For more information on Squalify, please visit their official website.