If the primary asset of your company is oil, gas or minerals, you will probably spend a lot of time and resources on protecting it, right? Studying the geology, politics, the technology, and taking steps to make it more secure. But what happens if your primary asset is data? I started asking around and it didn’t take long to see that there’s really no standard approach to protecting “data as an asset”. That was our niche,” explains Ryan Dodd, founder of Cyberhedge, a Luxembourg-based start-up focusing on cybersecurity.
“By combining data we’ve gathered on over 5000 companies with real-time financial modelling, we can instantly assess your cyber-management performance against your competition, as well as the resources dedicated to cybersecurity relative to the risk, which we also quantify. The result is a financially prioritized action plan to help reduce the amount of cyber value at risk. This goes beyond just technical recommendations, and we will spell it out in the right way. Management often doesn’t speak cyber, so we speak CFO and translate our cyber assessments into relevant value metrics in a language that management understands,” he adds.