Articles from Axio

Axio, a leader in cyber risk quantification (CRQ), today announced the launch of Axio AIR, a new AI risk capability built on the Axio360 platform. Axio AIR quantifies AI and agentic risk in business terms, giving organizations a single, board-ready view of their AI exposure and a prioritized, framework-mapped path to reduce it.

Axio, a leading SaaS provider of cyber risk quantification solutions, today announced that eligible Axio subscribers may access CISO Directors and Officers (“D&O”) coverage arranged through Aegis Executive Risks, in partnership with Underwriters at Lloyds of London.

Axio, a leading SaaS provider of cyber risk quantification solutions, and Dragos, the global leader in cybersecurity for operational technology (OT) environments, today announced a partnership that addresses two critical challenges: quantifying the financial impact of OT cyber risks and enabling accurate underwriting for cyber-physical insurance coverage.

BlueVoyant, the market leader in integrated security, today announced a new partnership with Axio, a leading SaaS provider of cyber risk quantification solutions. The partnership will enable BlueVoyant customers to receive customized ROI reports evidencing how much cyber risk, in financial terms, BlueVoyant products have helped to reduce or eliminate.

Axio, the SaaS platform that empowers organizations to quantify, manage, and communicate cyber risk, has been recognized as a Leader in The Forrester Wave™: Cyber Risk Quantification Solutions, Q2 2025.

Axio, the leader in cyber risk management software, today announced three key additions to support rapid customer adoption and significant global growth. Former President and CEO of Ecopetrol, Felipe Bayón joins as a special advisor to help bolster the company’s leadership position in the energy, manufacturing and infrastructure industries, specifically emerging markets. Additionally, the company announced two key executive hires. Peter Armstrong joins as Senior Vice President (SVP) Risk Engineering and Risk Capital to help build out Axio’s collaboration with the cyber insurance industry. Alfredo Narez joins as SVP, Head of Marketing to elevate Axio’s brand awareness, outbound efforts, and drive the company’s go-to-market strategy.

Axio, the leader in cyber risk management software, today released its 2022 State of Ransomware Preparedness research report. Although notable improvements have been made since Axio’s 2021 report, organizational ransomware preparedness continues to be insufficient to keep pace with new attack vectors. The report reveals that the lack of fundamental cybersecurity practices and controls, including critical vulnerability patching and employee cybersecurity training, continues to undermine organizational attempts to improve ransomware defenses.

Axio, the SaaS leader in cyber risk quantification solutions, today announced the raise of a $23 million Series B investment round. The round is led by ISTARI, a Temasek-founded global cybersecurity firm dedicated to helping clients build cyber resilience, with additional participation from existing investors, including Distributed Ventures, IA Capital Group, and Bob Dudley, Axio Chairman and former CEO of BP. This round brings Axio’s total funding to $30 million, including a $4.5 million Series A round closed in 2018.

Axio, a leading SaaS provider of cyber risk management and quantification solutions, today announced a new joint initiative with the Cyber Risk Institute (CRI), a non-profit coalition of financial institutions and trade associations. Together, Axio and CRI’s combined talents will deliver the CRI Cyber Profile tool to CRI members and other interested financial institutions with the Axio360 platform.

Axio, the leader in cyber risk management software, today released its 2021 State of Ransomware Preparedness research report. The report reveals that organizations are not equipped to defend against ransomware due to deficiencies in implementing and sustaining basic cybersecurity practices, including managing privileged administrator credentials and ensuring visibility of supply chain risk.

Axio, the leader in cyber risk management software, today announced the release of QuickQuant, a new cyber risk tool that allows CISOs to quickly and effortlessly quantify their cyber risk in dollar terms. QuickQuant helps security and business leaders maximize cyber risk reduction by illuminating the cyber risks that could lead to a business-crippling event – like ransomware. The impact-based solution enables security and business leaders to align on the cyber risks that matter most to the business, and to deliver results quickly, transparently, and in a language that all stakeholders can understand.

Axio, the leader in cyber risk management software, today announced that it has been recognized as a Sample Vendor in Gartner Hype Cycle for Cyber and IT Risk Management 2021. The research firm identified Axio as a Sample Vendor in the Cyber Risk Quantification category.

Axio, the leader in cyber risk management software, today announced that Robert “Bob” Dudley has joined the company as Chairman of the Board of Directors. Mr. Dudley served as the CEO of BP from 2010 to 2020 and currently serves as the Chairman of the Oil and Gas Climate Initiative (OCGI).

Axio, a leading cyber risk management Software-as-a-Service company, today announced their latest strategic partnership with Impact Business Technology, a leader in IT solutions designed to serve businesses. This partnership will utilize the Axio360 platform to allow Impact Business Technology to expand their security assessment practice into a more comprehensive enterprise risk management practice.

Axio, the leader in risk management software, announced the expansion of its free Axio360 Ransomware Preparedness Assessment tool. In light of recent cyber attacks at Colonial Pipeline and other critical infrastructur­e operators, Axio has released an updated version of its tool that helps leaders illuminate the gaps in their cybersecurity posture that directly cause increased susceptibility to ransomware attacks. Users can leverage these insights within Axio360 to accurately quantify the financial damage that could occur to drive more comprehensive cyber risk management.

Axio, a leading cyber risk management Software-as-a-Service company, today announced that their Vice President of Process Engineering, Pamela Curtis, was named as one of the Top 25 Women Leaders in Cybersecurity of 2021 by The Software Report. Ms. Curtis addresses new challenges in cyber risk management and is among the leading industry females that implemented proactive strategies to ensure ongoing resilience to cyber attacks for their organizations and their clients. At Axio, Pamela conducts cyber insurance coverage analysis, participates on client delivery teams for workshops, appraisals, and model-based improvement, and contributes to the evolution and codification of Axio’s foundational processes and methods.