Unlike a building or a fleet of vehicles, cyber risk has never come with a clear valuation. There is no obvious asset to insure and no straightforward way to measure what a cyber attack could really cost a business. As a result, many organisations still choose cyber insurance limits based on industry.
That approach has always carried risk.
Consilium is changing that through a new partnership with CyberCube, bringing advanced cyber risk modelling directly into our advisory offering and giving clients access to a complimentary Cyber Exposure Report that estimates the potential financial impact of a cyber attack before they make insurance decisions.
Putting a Number Against the Unknown
Cyber risk often feels difficult to quantify because every organisation looks different. The financial impact of a ransomware attack on a manufacturing business will rarely resemble the impact of a data breach affecting a healthcare provider. The operational disruption, regulatory consequences, legal costs and recovery timelines can vary dramatically.
With CyberCube's advanced modelling technology, Consilium can now offer organisations a Cyber Exposure Report tailored to their business. Every assessment begins with core information such as annual revenue, employee numbers and industry sector.
Where organisations can provide additional information through a short follow-up questionnaire, we can develop a more bespoke assessment that reflects their individual risk profile and provide a more detailed picture of their potential financial exposure.
The platform then runs 50,000 cyber loss simulations to estimate the potential financial impact of a range of cyber events, including ransomware attacks and data breaches.
The result is a far clearer picture of what cyber exposure could actually mean for an organisation’s balance sheet.
Better Information Creates Better Decisions
One of the biggest challenges facing boards today is demonstrating that cyber insurance decisions have been made responsibly. Choosing an insurance limit without evidence can leave individuals and organisations exposed if a major incident exceeds expectations. Equally, purchasing significantly more cover than necessary may not represent the most effective use of capital.
The Cyber Exposure Report helps bridge that gap by providing decision-makers with objective data that supports discussions about cyber resilience, insurance purchasing and broader governance. It enables organisations to:
Understand the estimated financial impact of major cyber events
Make more informed decisions about appropriate insurance limits
Support conversations with boards and senior stakeholders using evidence rather than assumptions
Strengthen governance around cyber risk management
Demonstrate a more robust approach to regulatory expectations where insurance decisions require justification
For many businesses, it fundamentally changes how cyber insurance conversations take place.
What the Data is Already Showing
One finding has emerged consistently from organisations we have already modelled through CyberCube. Many have significantly underestimated their potential exposure.
In fact, most businesses we assessed using the platform have increased their cyber insurance limits by between 70% and 100% after seeing the projected financial impact of a serious cyber incident. That does not necessarily mean that every organisation needs more insurance. However, it does mean businesses are making decisions with a much clearer understanding of the risks they are choosing to retain and those they want to transfer.
There is an important difference.
Combining Specialist Advice with Market Leading Intelligence
Technology does not replace advice. The value comes from combining independent modelling with specialist cyber insurance expertise to help organisations interpret the results and translate them into practical insurance and risk management decisions.
Through our partnership with CyberCube, clients benefit from one of the industry’s leading cyber risk modelling platforms alongside Consilium’s experience advising businesses on increasingly complex cyber exposures. Together, that creates a far stronger foundation for making confident insurance decisions.
Cyber attack methods are becoming increasingly complex, prompting stricter regulations. Boards must now provide greater oversight, and the starting point for all those conversations is understanding the potential financial impact if the worst happens.
By introducing CyberCube’s advanced modelling technology into our advisory service, we are providing organisations with valuable insights to make informed insurance decisions. This helps them protect their balance sheets, strengthen governance and approach cyber resilience with much greater confidence.
When it comes to cyber risk, the best decisions are the ones backed by evidence, not assumptions. Catch cyber threats before they become incidents. Act early and speak to our cyber specialists today.
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