Use Case:
Efficient allocation of people, processes, and budget to maximize risk reduction, based on quantitative cyber risk analysis with the RiskLens platform.
The Problem:
CISOs face conflicting pressures to secure digital transformation and other initiatives while defending against an unrelenting threat landscape.
They need a way to prioritize mitigation for identified security gaps, justify investments in new cybersecurity initiatives, and communicate to stakeholders in the financial language of business: return on investment for risk reduction.
It’s a balancing act. But too often their available tools – CVSS scores, qualitative, best-guess red/yellow/green risk ratings, maturity scores based on checklists for controls frameworks – just produce noise and don't support disciplined decision-making or effective communication to CFOs or other budget deciders.
Watch a RiskLens Webinar: Improving Cybersecurity Prioritization & Justification Challenges with Risk Quantification
The Solution:
Using the enterprise-level RiskLens platform for quantitative cyber risk analysis, with these features
>>Curated, industry specific risk data for analysis, augmented with the organization’s internal data
>>Rapid risk assessment to rank cyber risk scenarios for loss exposure in dollar terms
>>Detailed risk analysis of identified top risks, to reveal the drivers of risk and focus remediation
>>Risk treatment analysis to game out relative reduction in loss exposure for controls or process changes, insurance purchase or risk acceptance.
Case Study:
Tech Company Quickly Identifies Top Cyber Risks with Quantitative Analysis
In high tech organizations, risk management often takes a backseat to product development because it is seen as an offramp in the way of speed to market. The risk management team at a major tech company found a way to break through that mindset
Outcomes:
Prioritize and Communicate Your Cybersecurity Roadmap:
Give strategic direction to a security program on a solid base of quantitative analysis, with clear and defensible justification for initiatives based on maximum risk reduction for time and dollars invested.
Responsibly Shift or Reduce Investments:
Remove or change controls or security processes with confidence, using comparative analyses on the RiskLens platform.
Communicate Trade-offs in Financial Terms:
The RiskLens platform generates risk reporting in the financial language that leaders expect to understand their range of options and probable impacts on the business.
Sample Output – Comparative Analysis on the RiskLens Platform
See for yourself how the RiskLens platform supports well-informed, risk-based decision making. Contact us for a demo.