By- Yusuf Hashmi,
In today’s digital age, cyber threats are a significant risk to organisations of all sizes and industries. These risks include data breaches, ransomware attacks, and other cyber-attacks that can cause significant financial and reputational damage. Cyber risk quantification provides a way for organisations to measure and manage their cyber risks effectively.
Cyber risk quantification involves assessing the likelihood and potential impact of cyber risks and quantifying them in financial terms. This allows organizations to prioritize their risk mitigation efforts based on the most critical risks, make informed decisions about risk management, and optimize their cybersecurity investments. It also enables effective communication of cyber risks across the organization, facilitating better decision-making at all levels.
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Cyber risk quantification is especially important for organizations that handle sensitive data or operate critical infrastructure, such as financial institutions, healthcare providers, and government agencies. These organizations face significant…
