Video: 5 P’s to Start Quantitative Risk Management - #1 Purpose

As the leader in launching and running cyber risk management programs based on quantitative risk analysis with FAIR™, RiskLens has developed a streamlined, phased approach to program enablement. We call it the 5 P’s.

1.  Purpose
2.  People
3.  Platform
4.  Process
5.  Performance 

In this six-minute video, RiskLens Regional Sales Director Joe Vinck explains Purpose:

“By setting a very clear purpose with defined milestones and objectives, you’re setting yourself up for a lot more successful and more importantly valuable program that is directly tied to meaningful business outcomes for your organization,” Joe says. 

Joe tells how RiskLens guided one client to setting and achieving these launch objectives:

• Make a baseline report to senior management on top cyber risks
• Run cost/benefit analysis for two strategic cybersecurity initiatives
• Establish a lightweight process for ad hoc risk analysis for audit findings or policy exceptions
• Create a quick process to analyze risk for M&A
• Define a risk appetite for board reporting

Check out these RiskLens packages for establishing risk-based programs with FAIR: 

The Enterprise SaaS subscription to the RiskLens platform supports fast, risk-informed decisions at any level of the enterprise, from planning a new digital initiative down to day-to-day audit findings.

RiskLens Pro is an easy and affordable managed service that helps organizations quickly define, assess and communicate cyber risks in financial terms, with no in-house expertise or significant time commitment necessary.