Why Quantify Cyber Risk?

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.

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.

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.

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.

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.

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.