Organisations are growing in different technologies day by day, in this growing fast landscape, cybersecurity is much more than just meeting regulatory requirements and having cyber response plans in place with 24/7 monitoring. It’s beyond security controls and management of security related activities, it’s about quantifying the risks reported to understand the financial impact to business and help businesses take effective decisions to reduce risks. Board of directors, executive and different stakeholders are looking for a quantifiable risk which can be measured and invested in the right place based on the measurable risks reported.
Cyber risk quantification is a model which is designed predominantly to analyse, measure, and arrive at a value to the identified risks to take better business decisions effectively. Putting the intangible nature of ‘risk’ into tangible business contexts and financial values to prioritise and mitigate the gaps identified in the risk platform. Cyber Risk Quantification (CRQ) is the process of evaluating the potential financial impact of a particular cyber threat or a cyber…
