Step 1:
Identify Critical OT Assets & Core Processes.
Understand & Quantify OT Cyber Risk — In Business Terms That Boards Understand
Bridge the gap between cybersecurity and business impact with risk quantification tailored for Operational Technology (OT).
Understanding cyber risk in financial terms is crucial for effective decision-making, investment planning, and executive communication. Delivered by Eraneos in partnership with Capula, our Industrial Cyber Risk Quantification (ICRQ) service applies the FAIR (Factor Analysis of Information Risk) framework to measure, quantify, and model OT cyber risks in monetary terms.
By moving beyond traditional qualitative scoring, this service enables CISOs, risk officers, and operational leaders to develop data-driven mitigation strategies aligned with business impact and financial exposure.
Why Risk Quantification for OT Matters
Cybersecurity is no longer just an IT or technical engineering concern. In environments where uptime, safety and system integrity are non-negotiable, traditional Red-Amber-Green assessments often fall short in engaging senior executives. Our service translates complex cyber risks into quantified risk in in financial terms tailored for both engineering leaders and boardrooms. We help prioritise investments, justify controls and align cybersecurity with business outcomes.
- OT cyber threats are growing in complexity and scale.
- Legacy systems, poor visibility, and increased ransomware attacks make OT environments prime targets.
- Quantifying cyber risk in financial terms enables boards to make strategic investment decisions.
- Recommended by the UK’s National Cyber Security Centre (NCSC).
How It Works (Designed for Industrial Context)
The Eraneos methodology is structured around four key pillars:
Step 2:
Evaluate Threat Landscape (e.g., ransomware, state actors, ICS-specific malware).
Step 3:
Assess Financial Impact of Disruption (FAIR / Monte Carlo models).
Step 4:
Prioritise Controls Based on Business Risk.
Cyber Risk Quantification Is the Engine That Drives Effective Risk Management
Assess
- Understand the Risk Landscape: Identify and analyse cyber risks specific to the organization.
- Quantify Impact: Translate potential risks into financial terms to highlight their true business impact.
- Prioritise Threats: Focus on the most critical risks based on likelihood, severity, and cost implications.
Reduce
- Develop Targeted Strategies: Use quantified insights to create actionable, cost-effective mitigation plans.
- Optimise Resource Allocation: Direct investments to the areas with the highest return on risk reduction.
- Proactive Risk Mitigation: Address threats before they lead to significant incidents.
Manage
- Continuous Monitoring: Reassess risks regularly to reflect changes in the threat landscape.
- Evaluate Effectiveness: Measure the success of mitigation strategies and adjust as needed.
- Sustain Risk Awareness: Keep stakeholders informed and engaged through ongoing risk analysis and reporting
Built for Real-World Implementation
- Designed to work with engineers, plant managers, and CISOs.
- Combines OT system understanding with financial impact modelling.
- Aligns OT and IT teams around a common language: business value.
- Rapid assessments and standardised risk scopes enable fast results.
Key Benefits for Boards and Executives
- Transform cyber risk into strategic insight
- Establish board-level ownership and engagement
- Define acceptable risk appetite collaboratively
- Justify investment decisions with evidence-based cases
OT-Specific Capabilities
- Suitable for manufacturing, energy and critical infrastructure
- Supports hybrid industrial and digital environments
What We Offer
This service is delivered by Eraneos in partnership with Capula, combining two distinct but complementary strengths:
- Eraneos brings deep technical expertise in cyber risk quantification, applying the FAIR framework to model and measure financial exposure.
- Capula contributes extensive, hands-on knowledge of operational technology (OT) environments, ensuring that risk assessments are grounded in real-world industrial context.
Together, we offer a powerful and practical method for evaluating cyber risk, one that bridges the gap between technical modelling and operational reality. This dual perspective ensures that every engagement is not only analytically robust but also operationally relevant.
We offer two fixed-price entry points to help you get started:
2-Day Introductory Workshop
A fast, focused engagement to:
- Identify and analyse your key cyber risks.
- Quantify potential financial impacts.
- Prioritise threats based on likelihood and cost exposure.
2-Week Full Assessment
A comprehensive deep dive to:
- Develop targeted mitigation strategies.
- Optimise resource allocation for maximum ROI.
- Establish a repeatable, measurable risk management framework.
- Access Eraneos’ Risk Assessment Tool for 12 months.
Both options are designed to generate traction quickly, with clear outputs and actionable insights.
Our Partner: Eraneos
We’re proud to partner with Eraneos, a global leader in cyber risk quantification. Their proven methodology and proprietary tools help organisations move from reactive to proactive, from technical to strategic.
Eraneos brings:
- Deep expertise in financial risk modelling.
- A track record of success across energy, utilities, and critical infrastructure.
- A commitment to measurable outcomes and continuous improvement.
Want to learn more about Risk Quantification? Listen to the Capula Podcast: The Ultimate Exchange - Risk Quantification Part 1
In this two-part episode of The Ultimate Exchange, Julian Meyrick Managing Director at Eraneos joins Steven Lane, OT Cyber Security Lead at Capula, to explore how CISOs and senior engineers can bridge the communication gap between technical risk and board-level decision-making.
What’s covered:
Part 1: Bridging the Gap
- Why many leaders still view cybersecurity as a technical issue
- How financial modelling changes the conversation
- Real-world examples of risk quantification in action
Ready to quantify OT cyber risk and bring your board with you? Book a Consultation with one of Our Experts
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