The role experience plays in risk mitigation

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Risk dial

Without intending to be trite, there is a very important role that experience plays in the mitigation of risk. Experience comes into play when you are tasked with prioritizing risks. If you have zero experience in cybersecurity risk management, two critical vulnerabilities have equal weight and importance. But not all critical vulnerabilities can or will be weaponized and exploited. And not all critical vulnerabilities will result in a breach or security incident. This is the difference between a priori (independent from any experience) vs a posteriori (dependent on empirical evidence) vulnerability management.

To be effective at mitigating risk, we need to find ways to make intelligent use of experience in running infosec programs. We need to use not just our own experience, but also the experience of others. This is a form of collective resilience that is crucial to defending against nation states, organized crime and, like it or not, bored teenagers attacking and breaching companies just for the lulz like LAPSUS$. This piece aims to help identify some ways in which we can better prioritize our efforts.

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