Senior management and boards are demanding that digital initiatives must be fast-tracked to find new ways of engaging with their customers while hoping that risk tolerance and security spending remain the same.
It is on the shoulders of CISOs to make the difficult tradeoffs on security investments, answering questions such as 'Which new treatment options will reduce risk the most relative to their costs?' or 'How can we optimize and, if necessary, responsibly reduce our cybersecurity investments?'.
RiskLens Risk Treatment Analysis enables cybersecurity teams to assess and compare risk treatment options and conduct timely cost-benefit analyses to optimize both spending and risk exposure.
Simply put, it demonstrates the ROI of your controls investments for reducing cyber risk.
Risk quantification with the FAIR standard on the RiskLens platform estimates risk reduction in financial terms, for easy comparison to security investment costs. Result: cyber ROI.
With reliable ROI figures in hand, choices between risk mitigation options become clear, enabling you to optimize your controls investment decisions for maximum risk impact.
Reporting generated by the RiskLens platform shows results and comparisons in the financial, non-technical language that decision-makers want to see.
The RiskLens services team is the most experienced in the world at set-up and training for a FAIR program. Our experts will facilitate collection of data from your organization and industry sources to fuel analyses, help you establish an initial set of treatment options for comparative analysis, and train you on the workflow for Risk Treatment Analysis on the platform. Our goal is to empower you to run a self-sufficient quantitative risk management program.
The RiskLens platform is purpose-built to run FAIR analysis and is in use at many Fortune 1000 companies and government agencies for risk-based decision-making. The platform provides guided workflows and analysis draws on data (covering frequency and impact of cyber loss events) from your security ecosystem and your industry, in handy re-usable formats that greatly reduce time-to-results from analyses.
Reporting output from analyses summarizes results in easy-to-digest financial analytics and charts clearly showing in financial terms comparisons among risk treatment options for effect on risk exposure. Results may be plotted against risk tolerance or other metrics of your choice. You can run what-if analyses to model the relative effects of increasing, rebalancing or eliminating controls or security processes.
Let us help you measure your risk in financial terms.
RiskLens offers solutions that measure and analyze cybersecurity risk with the international FAIR standard.