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Forrester has named ThreatConnect a Leader in The Forrester Wave™: Cyber Risk Quantification, Q3 2023 report. According to the report, “ThreatConnect sets the standard for a threat-driven approach to CRQ.” ThreatConnect RQ was ranked highest in the Current Offering category.
ThreatConnect RQ: Redefining Cyber Risk Quantification
In our opinion, ThreatConnect RQ stands out in the rapidly growing risk quantification market with its unique combination of real-world loss data and proprietary machine learning models. By quantifying risk in financial terms, it provides organizations with a clear path to prioritize security initiatives based on financial risk reduction.
Key features of ThreatConnect RQ include:
- Automated, Data-Driven Process: ThreatConnect RQ employs an automated, data-driven cyber risk quantification process that reduces subjectivity and scales to handle large data sets.
- Machine Learning and Real-World Loss Data: The use of real-world loss data and machine learning methodologies not only quantifies risk in financial terms but also provides a more accurate assessment of the potential damage from security threats.
- Third-Party Risk Quantification: The ability to integrate with third-party scanners and quantify third-party risk is a crucial feature for businesses operating in today’s interconnected digital landscape.
- Compliance Support: In addition to its risk quantification capabilities, ThreatConnect RQ helps organizations meet important standards like NIST CSF, ISO 27001, and CIS Top 20.
Implications and Future Directions
We believe the recognition by Forrester Research underscores ThreatConnect’s commitment to providing innovative solutions in the realm of cyber risk quantification. As Jerry Caponera, GM of Risk Quantification at ThreatConnect, aptly says, “CRQ technology gives security teams the tools to translate cybersecurity risks and investments into dollar terms, allowing for data-driven decision-making.”
Looking ahead, ThreatConnect RQ is set to continue leading the way in cyber risk quantification. We believe the recent report from Forrester Research reaffirms ThreatConnect’s status as a pioneer in the cybersecurity industry and highlights the increasing importance of CRQ in managing and mitigating cybersecurity risks.
View the Full Report
View the full Forrester Wave™ Cyber Risk Quantification report.
Source: The Forrester Wave™: Cyber Risk Quantification, Q3 2023 report