According to the World Economic Forum, 45% of cyber leaders are concerned about disruption to their companies’ operations, while 71% of small businesses felt they could not adequately secure their operations.
Why is this the case? Most organizations are still playing “risk whack-a-mole” – a never-ending game you can’t win. With so much information available – from core infrastructure, vulnerability management, web applications, cloud, and now AI systems – many organizations are finding it hard to get an accurate enterprise-wide overview of their business risk. Without this, knowing what to prioritize is harder still.
Understanding risk in context
Do you know which assets are the most essential to your business, how much risk you’re exposed to, what your business is willing to accept, and what’s an acceptable threshold? Once you understand this, you can calculate the potential monetary impact and likelihood any issue could be exploited.
Calculating Value at Risk is a cyber risk quantification exercise that describes how much the business stands to lose from an IT security issue. Framing these potential incidents in terms of business impact –…
