Axio, a leading SaaS provider of cyber risk quantification solutions, and Dragos, the global leader in operational technology (OT) cybersecurity, have announced a strategic partnership. The collaboration integrates Axio's Cyber Risk Quantification (CRQ) models with Dragos' threat intelligence and risk reduction metrics to translate complex OT cyber risks into clear financial terms, supporting better decision-making, ROI demonstration, and more accurate underwriting for cyber-physical insurance.
Rising threats to industrial control systems and OT environments have heightened the need for precise risk assessment. Traditional approaches struggle to quantify the potential financial consequences of cyber-physical incidents, complicating executive communication, budgeting, and insurance coverage. This partnership bridges that gap by merging Dragos' deep OT threat intelligence with Axio's financial modeling capabilities.
Axio's CRQ models now incorporate Dragos' real-world threat data and risk reduction insights. This allows organizations to convert technical OT vulnerabilities—such as those affecting electric utilities, manufacturing, oil and gas, or transportation—into estimated financial impacts. Security leaders can use these insights to prioritize investments, show clear ROI from Dragos deployments, and align cybersecurity strategies with business objectives.
The combined solution provides insurers and brokers with reliable data to underwrite policies for operational disruptions and physical damage caused by cyberattacks. Historically difficult to assess due to OT complexity and severity potential, these risks become more manageable through evidence-based quantification, enabling more tailored and confident coverage offerings.
For CISOs and risk managers in critical infrastructure sectors, the partnership delivers a unified view of OT risk posture. It empowers evidence-based discussions at the board level, improves operational resilience planning, and supports proactive mitigation in environments where downtime carries significant financial and societal consequences.
“It’s an honor to partner with the world’s leading industrial security company, especially at this moment in time. We’re seeing significantly increased demand for cyber physical insurance products, and this partnership will help our broker and insurer partners to deliver advanced cyber risk transfer solutions”, said Scott Kannry, co-founder and CEO of Axio. “We’re also excited to help Dragos more effectively evidence the risk reduction impact of its products, in an era with increased scrutiny on security spending."
“Helping industrial organizations quantify and qualify their risks is a strategic imperative of Dragos, and it became clear that partnering with Axio to help translate our intelligence into financial insights would immediately benefit our customers,” says Mark Stacey, VP of Risk and Resilience Solutions. “We’re excited to help organizations make more confident, evidence-based decisions with respect to operational resilience. Just as importantly, this partnership empowers cyber insurers to better understand and address the OT underwriting challenge.”
About Dragos
Dragos provides the most effective OT cybersecurity technology for industrial and critical infrastructure to deliver on our global mission: to safeguard civilization. After nearly a decade of real-world experience handling landmark attacks on OT networks, Dragos understands the complexity and risks of industrial environments, which operate on massive scale with unique systems and exacting availability requirements and are not protected by IT cybersecurity. Dragos protects customers across a range of industrial sectors including electric, oil & gas, manufacturing, water, transportation, mining, and government.
About Axio
Axio is the leader in SaaS-based risk management software, which empowers security leaders to build and optimize security programs and quantify risk for better investment prioritization and decision-making. Since 2013, Axio has been a trusted partner of the world’s leading critical infrastructure, manufacturing, and financial services organizations. Axio360 is the only risk management platform designed to align security leaders, business leaders, executives, and Boards of Directors around a common set of benchmarks, performance metrics, and shared understanding of the most critical corporate risks.
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