The Future of Cyber Risk Quantification Starts Here: Introducing Axio’s New Quantification Wizard

As a long-time consultant to our cybersecurity customers, and now as the product manager for Axio Quantification, I’ve had a front-row seat to the evolution of cyber risk quantification (CRQ). I’ve seen firsthand how time-consuming and resource-intensive it can be for organizations to begin to understand the financial impact of cybersecurity risks. As a result, cyber risk quantification has come to be viewed as a daunting task.

That’s why I’m incredibly excited to introduce the newest capability of Axio Quantification: the Axio Quantification Wizard. At Axio, we’ve always believed that CRQ isn’t just about assessing risks; it’s about translating those risks into clear, actionable data that business leaders can act on.

When we set out to build the Quantification Wizard, our mission was simple: make CRQ more accessible, faster, and have it deliver quick time to value—without sacrificing the full fidelity and depth of insights that organizations depend on. The wizard is more than a tool; it represents a shift in how businesses can approach and manage cybersecurity risks.

Why We Believe in the Quantification Wizard’s Approach

When we first started developing the Quantification Wizard, we knew we needed to solve a critical pain point in the industry. Cyber risk assessment, which many companies do in one form or another, is a necessary first step for any organization. But it’s just that—a starting point. Assessment tells you where your gaps and vulnerabilities might lie, but it doesn’t offer the depth of insight needed to make optimal, prioritized business decisions about risk. That’s where quantification comes in.

One of the biggest hurdles in cyber risk quantification is starting with a blank screen. In most traditional approaches, security teams are left to figure out on their own which types of cyber risks are relevant for their business. Then comes the challenge of developing an impact model for each risk, assigning values to every parameter from scratch. If you’re introducing quantification to your organization for the first time, before you start to see any real value from the exercise.

And here’s the kicker: without results, it’s incredibly difficult to bring colleagues, leaders, and other stakeholders on board with the effort. Asking your extended organization to dedicate time and resources to a process where they don’t yet perceive value makes it an uphill battle.

From Blank Screen to Clear Direction

This is exactly the problem the Axio Quantification Wizard solves. The wizard gets you up and running with quantification quickly—in a matter of minutes—without the overwhelming task of determining every attack angle and every parameter from scratch.

By guiding users through a few straightforward business-specific questions, and by (optionally) incorporating your cyber assessments as an input, the wizard recommends the cyber incident scenarios most relevant to your business. It also provides the underlying impact model for each scenario, with every parameter already filled out using typical ranges. The typical ranges are based on Axio’s collective experience with hundreds of cyber quantification customers as well as industry-leading data sources (such as probability data provided by Cyentia).

The impact is immediate. Instead of laboring over which variables and values to use, you can see right away what matters most. You can quickly generate risk scenarios and bring them to your colleagues, leaders, and other stakeholders. The data is transparent, understandable, and ready for collaboration. You can then work together to refine the scenarios and adjust the parameters until you have the most accurate picture of the potential financial impact of cyberattacks specific to your business.

This is more than just saving time—it’s about driving actionable insights that engage your entire organization in understanding and managing cyber risk. And it’s the difference between cyber risk programs that languish in silos, are ineffective and underfunded vs. programs that weave their way into the culture of every department, are maximally effective, and win the budget they need to succeed.

Speed and Accuracy Without Compromise

Traditionally, quantifying cyber risks has required a significant investment of time, expertise, and resources. It’s no secret that many organizations find the process intimidating and resource-draining. The Quantification Wizard changes this narrative by offering a streamlined process that can generate meaningful, data-backed risk scenarios in just minutes.

This doesn’t mean we’ve sacrificed fidelity and depth for speed. Quite the opposite, in fact. The wizard ensures that every scenario generated maintains the same level of data fidelity and transparency that Axio customers have come to rely on. This means all calculations are fully flexible and customizable with no “black box” math that can seed skepticism among business users. And when you bring a report to your CEO or board, you can do so with the confidence that your data is accurate, transparent, and easily defensible.

Cyber Risk Quantification: More Than Just a Task, It’s a Journey

Cybersecurity isn’t static. The landscape is ever-changing. New threats emerge constantly. Your business, your cyber controls and risk management strategies evolve. This makes ongoing assessment and quantification not just beneficial, but essential.

At Axio, we view CRQ as a continuous journey rather than a one-off task. The insights gained from quantification must inform your next steps, whether that’s adjusting your security controls, allocating budget for cybersecurity initiatives, or simply knowing where you stand in the grand scheme of risk.

Axio Quantification is built with this in mind. It’s designed to be a living tool, one that grows with your organization and adapts to your evolving risk posture. It allows you to add new scenarios, refine existing ones, and tailor everything to your specific business needs—all while leveraging Axio’s industry-leading library of scenarios, formulas and data.

What’s Next? Join Us to Learn More

The launch of this latest version of Axio Quantification is just the beginning. We’re committed to continually improving Axio Quantification and the Quantification Wizard based on user feedback and evolving needs. I’m confident that the wizard will not only simplify the process of CRQ but also make it more accessible to organizations at every stage of your cybersecurity journey.

If you’re ready to see the Axio Quantification and the Quantification Wizard in action and learn how it can transform your approach to cybersecurity risk management, we’d love to show you more.

Join us for our Axio Quantification product webinar on Tuesday, October 8th at 12 PM ET to see a live demo and learn how to leverage the wizard for your business. You can register for the webinar here. Once you’ve registered, be sure to visit our Axio Quantification resource page to explore the full range of features and learn more.

Brendan Fitzpatrick is Vice President of Product Management, Quantification Modeling at Axio, and serves at the product manager for the company’s flagship Axio Quantification solution. In this capacity, he spearheads all innovation efforts related to the risk quantification capability within the Axio platform.