Global brokerage Aon has launched a cyber risk management analytical portal to empower Australian enterprises to better understand areas of vulnerability and build a framework to strengthen and protect their organisation.

Aon’s Cyber Quotient Evaluation (CyQu) is a software-driven assessment tool designed to rapidly evaluate an enterprise’s cybersecurity profile, by benchmarking cyber resilience against industry targets and peers, streamlining and facilitating risk transfer, and developing a data-driven cyber risk management strategy.

The solution was designed to help business leaders understand how their cyber risk posture measures up across critical control domains, such as data, network, physical and application security, and third-party and business resilience, to protect themselves from potential ransomware and other malware-related threats.

“The threat of a cyberattack is one of the most consequential risks facing organisations today,” said Aon Australia’s Chris McLaughlin. “According to Aon’s 2019 Global Risk Management Survey, ‘cyber-attacks and data breaches’ is ranked the fifth-highest concern amongst Australian businesses. The CyQu portal is another example of Aon’s strategic investment in the digital space to provide customer-centric, insight-led advisory services to manage volatility and maximise performance.

“With CyQu, we can provide a detailed, customised report which enables cyber-risk consultants to facilitate strategic decision-making and planning. Business leaders can use the information in conjunction with their broker to simplify and support the cyber insurance application process.”

The cyber risk management solution originally launched successfully across the US in 2018 and has also been recently made available across Europe, the Middle East, and Africa.