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Aggregate Cyber Risk Exposure

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Commonly Asked CRIMZON™ FAQs

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What is CRIMZON™, and how does it help model cyber risk?

CRIMZON™ is a framework that makes modeling catastrophic cyber risk exposure much more straightforward. The framework defines the minimal elements necessary for assessing this cyber exposure in aggregate and aids broader analysis across risk portfolios. CRIMZON™ elevates the importance of industry and size when evaluating cyber risk and, subsequently, highlights the correlations between location, industry, size and cyber vulnerabilities.

Why are industry and size important elements of the CRIMZON™ framework?

Through heavy, in-depth analysis of global cyber events, cyber modeling experts have found significant correlations between organizations that share the same location and industry, as they tend to adopt the same third-party service providers. Analysts likewise found that company size has a significant influence on the technologies used and cybersecurity postures, highlighting their similar susceptibility to various cyber events.

What is the CRIMZON™ coding system used for?

Each of the CRIMZON™ zones is classified according to various codes based on the relevant location, industry, and entity size. This classification allows for hundreds of combinations and the ability to add more components to increase the level of granularity. Zones can be viewed with low or high granularity, each coming with a different number of locations, industries, and sizes.

Where can I find more information about the CRIMZON™ framework?

Kovrr published an in-depth report, "CRIMZON™: The Data Behind the Framework," that addresses the data used, why it's important, why it's used, and how it's used to model cyber risks and exposures. If you have a specific question regarding CRIMZON™ or analyzing aggregated portfolio cyber risk, please reach out to one of our risk modeling experts via the Contact page.

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