Want to know how much ransomware events might cost your company or a group of companies? We offer the first threat actor informed ransomware catastrophe model. Our Extortion Loss Model (ELM) performs Monte Carlo simulations of ransomware events against a portfolio of companies. This model is built to the Oasis Loss Modelling standard, which means you can get your results in ground up losses or insured losses depending on how you structure your portfolio. This also allows us to provide standardised results with Average AnnualLoss (AAL), Annual Exceedance Probability (AEP), and Occurrence Exceedance Probability (OEP). We update the model yearly with new information because threat actors adapt, ransoms amounts change, and incident responders innovate loss reduction.

While this product is aimed at cyber insurers and reinsurers, it also has applications in national security and policy making circles. We focus on the core model development and the economic engines, but we can refer you to hosting partners who can deliver the product for Windows or Linux. If you are struggling with the uncertainty around how much ransomware events might cost, the model is here to help you explore the latest and most scientific research.