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ORX Cyber

A guiding light for cyber risk management

Cyber risk is increasing across all industries, and the financial sector is no exception. It has consistently been in the top two operational risks facing financial firms in our annual risk horizon studies since 2018. We understand that cyber risk costs your firm money and can prevent you from achieving your business goals. That's why we created ORX Cyber. 

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Connect to a global community through ORX Cyber

ORX Cyber is a unique operational risk management service created specifically for cyber and information security risk professionals in the second line of defence. With ORX Cyber, you can become part of a global community working together to improve cyber risk management. ORX Cyber combines cyber event data exchange with collaboration and research to provide second line practitioners with the insights and information they need to effectively manage and measure this key risk.

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With ORX Cyber financial firms can

Become part of a global community developing cyber risk management
Access a trusted source of cyber and information security risk event data
Understand your risk exposure and see how it compares to your peer group
Improve your practice by learning from other financial organisations
Enhance your scenarios and models with more focused data
Understand the latest industry trends through data and analysis
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    Why is managing cyber and information security a challenge?

    Through our work with banks and insurers around the world, we identified four main obstacles that are currently hindering cyber and information security risk management:

    1. Lack of easily available, relevant data
    2. Lack of clarity and consistency in practice
    3. Difficulty comparing and benchmarking data and practice
    4. Multiple and conflicting industry frameworks

    ORX Cyber is designed to break down these barriers, enabling more effective and efficient cyber risk management. This ultimately helps the second line to support the business to achieve their strategic goals in a safe and sustainable way, and protects your customers, shareholders and reputation from the damaging effects of cyber attacks.

    Overcome these challenges with ORX Cyber through

    Cyber event data
    Get a deeper understanding of cyber events through secure data exchange and access to cyber and information security risk event data
    A global cyber risk community
    Join a global community dedicated to developing cyber risk management and share knowledge and experiences with you peers
    Research and thought leadership
    Take part in research and thought leadership studies focused on the areas of cyber risk most important to the industry right now
    Sharing & documenting practice
    Share, benchmark and learn from each other's practice to find better ways of managing cyber risk
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    Controls and indicators library

    The first of its kind, this library will be included in ORX Cyber and allows you to compare and benchmark your cyber risk management controls and indicators against those of your peers. The library will help you identify effective controls and indicators for cyber and information security risk management. You can also use it to support the effective allocation of IT budget.

    Download the subscriber map to see which firms subscribe

    ORX Cyber subsciber map

    Take a look at a selection of reports, highlights and other outputs from the service so far...

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    Press release
    Insufficient investment, skills and data causing significant challenge to efforts to quantify cyber risk
    Esther Britton
    3 March 2022
    Cyber is one of the top risks facing the financial services industry, but organisations are still working out the best way to quantify it, according to a report by ORX Cyber.
    ORX Cyber
    Key themes in overseeing cyber supplier risk exposure
    Melanie Lavallin
    29 July 2021
    In June 2021, we ran a research study with subscribers of our ORX Cyber service exploring how financial firms approach the oversight of supply chain cyber risk exposure. The results of the study highlighted 5 key themes - find out what they are.
    Latest news
    Podcast: Introducing ORX Cyber
    Esther Britton
    11 February 2021
    Take a listen to the latest podcast from ORX. This one looks at the current cyber risk management landscape, the challenges facing cyber risk managers and learn more about our new service, ORX Cyber.
    ORX Cyber Board Reporting Study
    ORX Cyber
    Cyber Risk Board Reporting Study 2020
    Melanie Lavallin
    18 December 2020
    Download the report based on work with our cyber operational risk community to find out how the industry is approaching cyber and information security risk reporting to the Board.
    More resources from ORX Cyber

    Interested in subscribing?

    To discuss subscribing to ORX Cyber and to find out more about the service, please get in touch.

    Contact ORX