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Why Quantify Cyber Risk?

Although cyber risk is a top business concern, it’s not being evaluated in ways businesses can understand. The role of cybersecurity is to protect the business from financial harm – difficult to do if teams can’t see cyber risk in financial terms.

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Digital Transformation Brings New Risks

Although digitalization has led to business growth, it also brought a new range of technology risks that need to be understood and managed.

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Impact of Cyber Risks

When a single incident can lead to millions of dollars in losses in a matter of months, cyber risk has become a source of major concern for business executives and corporate boards.

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Lack of Financial Accountability

The status quo of measuring risk in qualitative terms is no longer sustainable when examining cybersecurity spending. Teams must now translate cybersecurity risk into financial terms.

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Compliance is Not Enough

Compliance only provides a minimum level of security. Only by assessing cyber risk in financial terms, can organizations assess their top risk and prioritize the most effective risk mitigation initiatives.

Benefits of Quantifying Cyber Risk

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Speak the Language of the Business

Help the board and the business understand the potential financial impact of cyber events and provide the business rationale for implementing certain security measures and the related investments.

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Prioritize Risk

By putting a price on risk, you can assess what cyber events represent the biggest risk to your business and what security initiatives are the most effective in reducing risk and should be prioritized.

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Justify the Value of Cybersecurity

Support key business initiatives such as digital transformation, new product launches and M&A by identifying which security architecture reduces risk to an acceptable level, cost-effectively.

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.

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Accelerate digital growth.
Optimize cybersecurity investment decisions.

Discover how to manage cybersecurity risk from the business perspective.

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