RSM Australia has partnered with X-Analytics to assess the cyber risk an organisation carries in clear monetary terms.
Amidst increasing cyber threats and discussion that board members may soon be held personally liable for cyber attacks, the ability to clearly assess cyber risk in this way is essential to help organisations manage that cyber risk appropriately, including allocating resources effectively.
X-Analytics uses advanced data science to assess risk based on the external cyber threat landscape. This capability, combined with RSM Australia’s consulting offerings, provides a complete, turnkey solution to help organisations accurately assess the financial risk they face in terms of cybersecurity.
Ashwin Pal, partner, RSM Australia, said, “Broadly speaking, making boards responsible for cyber attacks and breaches will drive further action in this critical area. The recent spate of high-profile cyber attacks demonstrates that boards, although becoming more aware, need to do more to understand and mitigate cyber risk. It’s important to ensure that any legislation that is developed drives right behaviours, rather than simply punishing those who fall victim to…
