TL;DR
- Amid rapid digital adoption, cyber threats loom large and expensive, underscoring the need for robust cyber risk management.
- Several cyber risk assessments have emerged on the market to help organizations evaluate their cyber posture, including maturity frameworks, business impact analysis (BIAs), and risk posture scoring.
- While each of these assessments offers a level of insight into the business’s vulnerability to cyber risk, they fall short of providing data that can be transformed into solid action plans.
- Fortunately, organizations can leverage cyber risk quantification (CRQ) to translate security upgrades, vulnerabilities, and scores into real-world implications.
- CRQ enhances the most popular cybersecurity risk assessments, transforming risk into broader business terms, such as event likelihood and financial losses.
- This defensible data equips CISOs to prioritize initiatives that align with business goals and keep the organization resilient.
The Need for Cybersecurity Risk Management
Market success has often demanded that business leaders take risks. Some of the most profitable executives are those who have pursued bold initiatives,…
