Whether it’s supporting initiative prioritization, as discussed in Part 1, or justifying budget requests, pursuing cost-effective strategies, and calculating risk appetite levels, as discussed in Part 2, CRQ has the power to transform an organization’s mindset to include cybersecurity in strategic risk planning conversations. This transformation, known as a Shift Up strategy toward cyber management, has become more critical than ever as cyber threats evolve.
Indeed, mitigating cyber risk has become a necessary, higher-level business process that can make the difference between operational resiliency and failure. By convening all executive stakeholders to discuss the organization’s cybersecurity management programs and risk landscape, Chief Information Security Officers (CISOs) can build a more robust digital defense system that simultaneously withstands malicious attacks and aligns with broader goals.
Nurturing a Shift Up Strategy With Cyber Risk Quantification (CRQ)
In today’s market, cyber risk is widely accepted as a general business risk. Still, board and C-suite members find it challenging to incorporate the topic into their strategic discussions due…
