Build a Quantitative Cyber Risk Management Program

RiskLens helps organizations assess their risk management maturity level, define their cyber risk management program goals and develop a success plan that focuses on delivering value at each step. In support of these tasks, RiskLens developed a proprietary FAIR-based program maturity model made up of four maturity stages:

• Risk Landscape Clarity: In the first stage, organizations unite behind a standard definition of cyber risk according to FAIR, identify high-value assets, rapidly assess top risk scenarios, and – if in use – clean up existing risk registers that might be bloated with issues that aren’t actual risks.
• Operational Decision Support: In the second stage, organizations make decisions regarding resource allocation and prioritization of investments by conducting in-depth cyber risk quantification and cost-benefit analyses, that help prioritize initiatives based on their capacity to reduce risk.
• Strategic Decision Support: In the third stage, organizations assess and aggregate risk at enterprise and departmental levels and measure themselves against explicit and financially-oriented risk appetite statements. Decisions regarding strategic projects such as migrations to the cloud or M&A are improved by understanding the risk implications, in financial terms.
• Automated Decision Support: In stage four, organizations leverage real-time threat intelligence, vulnerability and other security event feeds to monitor their risk posture on a continuous basis and get alerted when they approach levels outside of their tolerance band.