Board and Business Executives

Finally Understand the Financial Impact of Cyber Risk...

The age of uncertainty in cyber risk management is over. Quantifying cyber risk in financial terms is not only possible, it is an imperative for your organization.

To fulfill your oversight and governance responsibilities, you must ensure that cyber risk teams stop reporting cyber risk with qualitative risk scores or 'heat maps' that shed no light on the bottom line impact of potential cyber events, and instead ask them to translate that risk into the economic language of business.

RiskLens is the solution.

Oversee

Cyber Risk as Business Risk

With RiskLens it is finally possible to translate cybersecurity risk into the economic language of business. Understand the potential business impact of cyber events in financial terms.

Define

Risk Appetite Clearly

Provide explicit guidance to management and the security teams on what levels of loss exposure is acceptable for various forms of loss, so they can build effective security programs that drive results against those targets.

Ensure

The Adequacy of Cybersecurity Investments

Gone are the days of approving investments based on trends or the 'gut-feel' advice of security experts. With RiskLens, investments are justified based on their capacity to cost-effectively reduce risk to an acceptable level.

Change the Cybersecurity Discussion

Gain a level of business visibility you once thought impossible

With RiskLens, Boards of Directors and Executive teams are finally able to understand the potential financial impact of cyber events. Your Security teams are able to assess risk scenarios across every aspect of the business, report on those scenarios in financial terms and enable you to make informed governance decisions based on the organizations’ unique risk appetite. In less time than you might imagine, you’ll be able to see top risks to the organization, evaluate the impact of investments against those risks, and track risk reduction over time against clearly defined objectives.

Provide Explicit Guidance

Set Clear Expectations on Cyber Risk Appetite

Stop being left guessing by overly technical information and move away from discussions on “high-medium-low” risk appetite statements which don’t provide clear direction to the business. Make risk objectives clear in financial terms – which is a language that the business already understands and is held accountable to.

Monitor how the company is performing against risk objectives over time with confidence that cyber risk assessments are based on FAIR, an internationally recognized standard adopted by 30% of the Fortune 1000.

Ensure that Cybersecurity Spending Aligns to Business Risk

Approve Budgets Based on the Organization's Unique Risk Profile

Get answers to the questions you need to make an informed decision on budget approvals:

  • “Are we spending too much or too little on cybersecurity?”
  • “How do we know that our cybersecurity program is effective?”
  • “What is the ROI of this strategic security initiative?”
  • “What type of cyber insurance coverage do we need?”.

Go beyond industry benchmark comparisons which tell you little about your organization’s unique needs. Demand visibility into your organizations’ current cyber loss exposure and request insights into what it would take to reduce risk to an acceptable level. Evaluate alternative investment strategies and see which strategy best meets desired risk goals.

RiskLens is trusted by dozens of leading organizations in the financial services sector. The Platform is revolutionizing strategic and tactical security planning for some of the world's biggest lenders, banks, brokerage houses and insurance organizations.

The cyber risk revolution is brewing in the Healthcare industry. Across the United States, RiskLens is trusted by some of the largest hospital networks, payers and pioneers in health research and pharmaceuticals.

Pioneering companies in the tech industry turn to RiskLens to help them get cyber risk management right. Emerging companies and entrenched tech players alike are turning to cyber risk quantification in droves.

Understanding Cyber Risk Quantification

A Journey into the Future of Cyber Risk Management

Cyber Risk Quantification (CRQ) is now viewed as a core pillar of any effective Integrated Risk Management program. This short explainer video walks you through the RiskLens Platform and gives you a glimpse into your future as a top tier cyber risk management organization.

An Executive's Guide to Cyber Risk Economics

Jack Jones - creator of the internationally recognized FAIR model and co-founder at RiskLens provides a high-level introduction to managing cyber risk from a business perspective. You'll learn how the FAIR model powers cost-benefit analysis for security initiatives on a par with other forms of enterprise risk management. Read this eBook and never be satisfied again with simple red-green-yellow risk ratings.

Download today

"If CISOs push back on quantifying potential loss, I find that unacceptable as a board director. CISOs need to advance."

James Lam, Director, E*Trade

"When virtually every aspect of the business is quantitative...having the CISO give red/yellow/green heat maps is debilitating to decision-making."

Jack Jones, Creator of FAIR and Co-Founder at RiskLens

Cyber Risk Oversight: A Vision for the Future

Hear James Lam – Chair of E*Trade’s Risk Committee explain his vision for the future of cyber risk management from the 2018 FAIRCON conference.

Learn More

Cyber Risk Oversight: A Vision for the Future

Hear James Lam – Chair of E*Trade’s Risk Committee explain his vision for the future of cyber risk management from the 2018 FAIRCON conference.

Learn More

More Solutions by Role

Chief Information Security Officers

Chief Information Security Officers

Communicate cyber risks in financial terms, prioritize risk mitigation initiatives based on business impact, justify security investments by demonstrating return on security investments.

Chief Information Risk Officers

Chief Information Risk Officers

Assess top cyber and technology risks, ensure alignment between security initiatives and business goals, integrate cybersecurity risk within your Enterprise Risk Management program.

Risk Analysts

Risk Analysts

Ditch inherently flawed qualitative risk analyses and adopt a proven and defensible enterprise cyber risk assessment methodology based on the FAIR standard.

Demand Better Visibility into Cyber Risk

Within a matter of weeks you can completely change your understanding of cyber risk. Encourage your organization to embrace cyber risk quantification. Schedule a Demo today.

Schedule a Demo