Citalid Featured in Forrester’s “Cyber Risk Quantification Solutions Landscape, Q4 2024”
Paris, France — Dec.13: Citalid, a global leader in Cyber Risk Quantification (CRQ) technologies, is proud to announce its inclusion in Forrester’s latest report, “Cyber Risk Quantification Solutions Landscape, Q4 2024”. This recognition underscores Citalid’s unique positioning as an independent, trusted partner delivering comprehensive CRQ solutions across the entire value chain—from corporates to brokers, insurers, and reinsurers.
A Key Player in the CRQ Industry
Citalid stands out among CRQ actors predominantly concentrated in the U.S., thanks to its ability to provide tailored SaaS solutions to clients globally. With a strong foothold in Europe, Citalid is trusted by 35% of France’s CAC 40 companies and serves clients across North America and EMEA.
As businesses increasingly recognize the need for actionable cyber risk insights, Forrester’s report highlights that 31% of decision-makers are initiating CRQ projects, while another 31% have launched pilots this year. This collective momentum signals a growing awareness among CISOs to position themselves as strategic decision-makers, despite the complexity of adopting CRQ solutions.
“CRQ is no longer a luxury; it’s a necessity for informed decision-making across the cyber risk and insurance ecosystem. At Citalid, we bridge the gap by providing a AI-enhanced technology, embedded threat intelligence, and practical use cases that empower our clients to navigate this evolving landscape with confidence,” said Maxime Cartan, Co-founder & CEO at Citalid.
A Unique Value Proposition: Trust Across the Value Chain
Unlike traditional CRQ providers, Citalid’s solutions are uniquely designed to meet the needs of all stakeholders in the cyber risk ecosystem. From corporates seeking to quantify and mitigate risks through security and insurance investments, to brokers and insurers optimizing underwriting, to reinsurers assessing aggregate exposures, Citalid delivers unparalleled value.
This distinct positioning as a trusted third party has earned Citalid recognition for its ability to integrate:
- Technology: AI-based modeling augmenting the FAIR standard for accuracy and scalability.
- Data: Embedded cyber threat intelligence and insurance claims data to generate dynamic, actionable insights.
- Expertise: Expert guidance in cyber risk and insurance to ensure impactful decision-making and drive powerful change management.
A Call to Action for the Industry
While CRQ adoption is gaining traction, the complexity of implementation can intimidate even seasoned professionals. Forrester emphasizes the importance of practical value and concrete use cases in demonstrating CRQ’s role as a strategic enabler.
“At Citalid, we take our responsibility seriously to demystify CRQ and show its real-world impact,” added Maxime Cartan. “Our solutions empower organizations to make informed, data-driven decisions that align cyber risk management with business objectives.”
Read the full report on the Forrester website and join one of Citalid’s weekly live demo (every Friday at noon) to see the platform in action.
