Developing an understanding of cyber risk, what it means to your organisation and how to define best practice can seem like standing on shifting sands. Matt Harrison from RMS explains how uncovering models that can guide your decision-making is a big step towards quantifying your organisation’s approach to cyber risk.
It is something of an understatement to say that cyber risk is complex. Cyber threats come at companies in a range of guises and have wide-ranging impacts. For example, the implications of supply chain risk are only just being understood, with organisations increasingly demanding assurances from their partners that they have a robust plan against cyber threat.
“Using models to question your thoughts and develop new ones will result in far better business outcomes.”Carriers find they have to evolve how they approach cyber risk on a regular basis as new perils emerge. Understanding the extent of their potential exposure is a significant proportion of the task, and even though cyber models are barely five or six years old, they are maturing to a point where organisations can make solid business decisions on the back of them.
To find out how best to integrate…
