Qualitative Risk Assessments are Falling Short
Legacy approaches to cyber risk management fail to inform the business of potential financial risks.
Risk Ratings Are Unreliable
Qualitative assessments based on "high-medium-low" are directional at best and pit one analyst’s word against another. And risk scores 1-10 or 300-850 still can't tell you how much risk you have.
Compliant is Not Risk Aware
Organizations will always have gaps in their compliance with cybersecurity frameworks and standards, such as the popular NIST-CSF and ISO27005. More boxes checked do not automatically mean less risk.
Total Protection is Impossible
Dynamic threat environments demand prioritized responses — and that starts with a focus on the highest business risks. Companies need to focus their limited resources on what matters most.
Digital Transformation Risks
Cybersecurity risk, third-party risk, business continuity risk, data privacy risk and other forms of digital risk add to the uncertainty of achieving business objectives.
Increasing Cyber Attacks
When one incident can lead to millions of dollars in losses in months, cyber risk has become a source of major concern for business executives and corporate boards.
Failing Management Practices
Executives must provide guidance to management and security teams on what levels of loss exposure is acceptable for various forms of loss in order to build effective security programs.
RiskLens Sets the New Standard for Effective Cyber Risk Management
RiskLens is the leading provider of cyber risk quantification software that helps business executives achieve digital resiliency by managing cyber risk from the business perspective.
RiskLens pioneered cyber risk quantification by building its solutions from the ground up on FAIR™, the only international standard quantitative model for cybersecurity and operational risk.
RiskLens’ solutions are purpose-built to solve the pervasive challenges that exist in merging financial, operational, and IT security data to deliver improved analytics, reduce cyber risk, and sustain business value.
eBook: An Executive's Guide to Cyber Risk Economics
Three time CISO and creator of the FAIR model, Jack Jones provides a high-level introduction to managing cyber risk from the business perspective. You’ll learn how the FAIR model powers analysis for cost-effective security initiatives on par with other forms of Enterprise Risk Management.Download the eBook