Squalify's Cyber Risk Quantification Platform Expands into U.S. Market
Squalify, led by CEO Asdrúbal Pichardo, introduces a cyber risk quantification platform to the U.S. market, addressing the growing need for businesses to measure cybersecurity risks in financial terms.
Squalify, a Munich-based start-up, is making strides in the U.S. market with its cyber risk quantification (CRQ) platform, designed to translate cybersecurity risks into financial terms for C-level executives. Under the leadership of CEO Asdrúbal Pichardo, a seasoned technology executive, Squalify aims to shift the narrative around cybersecurity from a technical issue to a measurable business risk.
The platform distinguishes itself by leveraging Munich Re’s proprietary cyber risk model, offering organizations a top-down approach to identify and quantify the financial impact of potential cyber threats. This methodology enables businesses to prioritize risks, allocate resources more effectively, and measure the return on investment of their cybersecurity strategies with greater confidence.
The expansion into the U.S. market is driven by increasing regulatory pressures and the demand from boards and insurers for solutions that can articulate cyber risks in business terms. Squalify’s first U.S. customer, Henry Meds, a digital health company, exemplifies the platform’s value in helping businesses demonstrate the financial implications of cybersecurity risks to their boards.
Recent enhancements to the platform include Subsidiary Steering for managing risk across multiple entities, Decision Simulations for modeling the financial impact of strategic choices, and a Board of Management Report for translating risk data into board-ready insights. These features are particularly relevant for industries like digital health, financial services, manufacturing, and insurance, where the convergence of cyber risk, regulatory expectations, and financial accountability is most pronounced.
Squalify’s broader vision is to integrate cyber risk management into the core of business strategy, moving away from reactive measures to proactive, financially grounded decision-making. This approach not only aims to enhance organizational resilience but also to contribute to a more secure global economy.