WTW has announced the availability of its updated Cyber Quantified modelling tool. Amongst other upgrades, the new version allows organisations to interactively model network outage risk and data breach liability.

Available for clients to licence via WTW’s Risk IQ platform, the tool now offers a cyber risk profile feature that provides extensive information on control objective strengths and weaknesses; and a modelling methodology that uses cyber scenarios to better capture the changing risk landscape and tailor the financial damages caused by an incident to a company's operations.

It also features an extensive scenario library of 100 scenarios, enabling clients to undertake scenario planning using bespoke and tailored analysis appropriate for them and their sector; and a new insurance tool that better matches current policies, and contains a greater number of metrics to compare options.

Andy Smyth, head of risk and analytics, said: “The message from our recent D&O survey is clear; cyber is keeping global directors awake at night. Businesses up until recently haven’t had access to the tools needed to truly understand their cyber exposure and meaningfully fortify themselves. Cyber Quantified however is empowering clients to make better informed decisions and optimise their risk portfolios.”

WTW’s recent Director & Officers Liability Cyber in Focus Survey highlighted that cyber attack, data loss and cyber extortion remain the top ranked risks facing directors and officers.

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