95 Risk Advisory

Clarity in Risk. Confidence in Decisions.

Tony Martin-Vegue  |  Founder & Principal

95 Risk Advisory is a boutique consulting firm that helps the world's largest organizations measure cyber risk in financial terms. Founded by Tony Martin-Vegue, who has built quantitative risk programs at Fortune 500 companies across financial services, global retail, and technology, we bring more than 1,000 completed quantitative risk assessments of experience to every engagement.

Most risk programs still rely on color-coded heatmaps that can't tell a board whether "high risk" means a $500K problem or a $50M one. We replace that guesswork with defensible, FAIR-based analysis, anchored in dollars, grounded in data, and built for the decisions your executives need to make.

Trusted by CISOs and risk leaders at Fortune 500 financial institutions, global retailers, and leading technology companies.

FAIR-Based Cyber Risk Quantification for the World's Largest Enterprises

Quantified Peer Benchmarking

Walk into your next board meeting with a defensible answer to "how do we compare to our peers?" — in dollar terms, not color codes.

We collect sector-specific data on top risks, control adoption, and loss exposure, normalize it, and deliver financial benchmarks with practical next steps to close gaps. Your leadership gets context they can't get from an audit or a maturity score.

Risk-Informed Investment Strategy

Build a multi-year security roadmap where every dollar is backed by quantified risk reduction — so budget conversations are about evidence, not fear.

We analyze your current and proposed security investments against quantified risk exposure, from individual controls to portfolio-level strategy. The result is a defensible investment plan that shows leadership exactly where each dollar has the greatest impact, whether you're prioritizing a three-year roadmap or justifying next quarter's spend.

Decision-Ready Risk Portfolios

See your entire risk landscape in financial terms — with probability distributions, tolerance thresholds, and clear priorities — so leadership can allocate resources with confidence.

We apply probabilistic modeling using FAIR and FAIR-CAM to quantify your top risk scenarios across ransomware, outages, breaches, and third-party failures. Deliverables include loss exceedance curves, board-ready reporting, and a prioritized action plan.

Every engagement includes knowledge transfer, reusable templates, and playbooks so your team can sustain and extend the work after we leave. For organizations building long-term CRQ capability, we offer executive briefings, analyst workshops, and ongoing advisory support.

Built on more than a thousand quantitative risk assessments, not just theory

Tony Martin-Vegue has spent 25+ years in cybersecurity and technology risk, with deep experience building quantitative risk programs at Fortune 500 companies spanning financial services, global retail, and technology — including Netflix, where he stood up their CRQ capability from the ground up. Over the course of more than 1,000 quantitative risk assessments using FAIR methodology, he developed a practical, repeatable approach to measuring cyber risk in financial terms, one that works in boardrooms, not just spreadsheets.

That breadth means he understands the organizational dynamics that make or break a risk program: the politics, the data gaps, the skeptical stakeholders, and the path through all of it. He is a FAIR Certified Trainer and the recipient of the FAIR Ambassador Award, and his work has shaped how some of the world's largest companies think about and measure cyber risk.

25+ Years in cybersecurity
1,000+ Quantitative risk assessments
Fortune 500 Programs built across industries
CISSP CISM Open FAIR Certified FAIR Certified Trainer FAIR Ambassador Award
Read Tony's writing on risk quantification →

From Heatmaps to Histograms: A Practical Guide to Cyber Risk Quantification

By  ·  Apress  ·  2026

Everything I've learned from 25 years in cybersecurity and more than 1,000 quantitative risk assessments, distilled into a practical guide for security and risk professionals who are ready to move beyond red-yellow-green. It covers FAIR methodology, Monte Carlo simulation, calibrated estimation, and how to build a quantitative program that sticks — written for practitioners, not academics.

Buy the Book on Amazon Learn more at heatmapstohistograms.com

Heatmaps to Histograms: Field Notes

Weekly insights on quantitative cyber risk for security leaders. Practical techniques, industry analysis, and lessons from the field.

Let's talk about your risk program.

We take on a limited number of engagements per quarter to ensure every client gets direct access to Tony. Most engagements begin with a short introductory call.

Request an Introductory Call