Evolving Role of Cybersecurity
Expectations for CISOs have changed. CISOs, along with CIROs and other security and risk professionals, must use the power of quantitative cyber risk management to deliver value and better support business decision making.
Cybersecurity Must Deliver Business Value
Cyber Risk = Business Risk
Boards and Business Executives are expected to incorporate the management of cyber risk into their business strategy and decisions as part of their fiduciary responsibility towards shareholders and customers.
Changing Role of Security and Risk Professionals
Cyber risk professionals must evolve from a merely technical compliance approach to a true risk-based approach to cybersecurity. They must now contribute to the business strategy by enabling risk-informed decision-making.
The Organizational Impact
Traditionally, cyber risk professionals have been seen as an extension of IT. Quantitative cyber risk management allows them to better align with enterprise risk management (ERM) and the business.
The Necessity of Cyber Risk Quantification
Adopt a Proven Cyber Risk Quantification Approach
Consider RiskLens to quantify the true measure of cyber risk from the financial perspective, dramatically improving the communication and decision-making among all stakeholders.
- Manage cyber risk from the business perspective and achieve digital resiliency.
- Analyze probable loss scenarios for key assets and identify cost-effective controls.
- Meet regulatory requirements by assessing cyber risk in financial terms.
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 cost-effective analysis for security initiatives on par with other forms of Enterprise Risk Management.Download the eBook