Risk ManagementCyberhedge Launches First-Ever Cyber Governance Indexes

Indexes Provide Monthly Performance Benchmarks for Cyber Governance Supported by Market-Based Proof
FintecBuzz FintecBuzz2 weeks ago177 min

Cyberhedge, a data science pioneer in cyber risk quantification, today announced the debut of the first-ever Cyber Governance Indexes, innovative performance benchmarks that provide market-based proof that companies with good cyber governance outperform peers in shareholder value terms – and vice versa.

To develop the Cyber Governance Indexes, Cyberhedge ranks 5,000 companies at the beginning of each month from best to worst using real-world financial modeling, and then measures the actual performance of the top and bottom 20 percent at the end of the month. The ranking methodology is based on an ongoing assessment of the quality of cyber governance for every public entity, not just those that have announced a breach. The ongoing results from 2017 to present are displayed in the indexes and offer the most tested and proven financial estimate of cyber risk on the market.

“Cyber risk now impacts the value of company share prices and is an important metric both for company boards, as well as their investors,” said Cyberhedge Founder and CEO Ryan Dodd. “The Cyber Governance Indexes offer a new level of transparency around cyber risk, and we believe this is the best way we can begin to improve how companies manage what is fast-becoming the most valuable asset they have – data and technology.”

According to the World Economic Forum, cybersecurity has been ranked as a top-five macro-risk by senior executives for two years running. However, the current best practice for managing this massive risk is simply to buy more technology. As a result, spending on cybersecurity continues to grow, while the number and scale of breaches continues to rise rapidly year-over-year, leaving boards and investors exposed. The Cyber Governance Indexes for the first time provide transparency through an evidence-based approach into how companies are actually managing their intangible assets – before a breach occurs.

“I work with terabytes of ‘cyber data,’ the data exhaust generated by global networks, and there are various companies are trying to monetize this type of data. But, to use a capital markets metaphor, if you consider that [raw cyber data] the equivalent of ‘stock market data’ provided by stock exchanges, then what Cyberhedge has done has created a kind of ‘Black-Scholes pricing model’ for cyber value at risk for corporations,” said Dr. Michael Farrell, Co-Executive Director, Institute for Information Security & Privacy, Georgia Tech. “Their Cyber Governance Indexes are the ongoing daily proof point that their pricing model is accurate.”

To find your company’s score and learn more about the Cyber Governance Indexes, visit www.thecbhindex.com.

Cyberhedge is a Financial Services firm specializing in Managing Technology Risk. The company empowers stakeholders and executives with in-depth financial evidence when it comes to reporting on technology risk. With offices in Washington, D.C., New York, and Luxembourg, Cyberhedge is backed by Paladin Capital Management LLC and the Luxembourg Future Fund, backed by the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF). For more information, visit cyberhedge.com.

Chris Nolan
New York / Washington: +1 571 234 8408
London: +44 203 858 9899

SOURCE Cyberhedge

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