Cyber Risk Quantification and Management

Requirements
  • Headquartered In: North America
  • Company Size: $1B+ Annual Revenue
  • Industries: Retail, Financial Services, Healthcare, Technology
  • Titles: IT Security, Governance, Risk and Compliance, Cybersecurity, Information Security, Risk Management
  • Job Level: VP+
Overview

Cybersecurity risk is the most dangerous and complex risk to a business. The critical question of ‘are we next?’ has become impossible to answer because CISOs lack real-time visibility of their entire attack surface. This means they have no accurate understanding of their cyber risk posture, or how to address their most harmful risk. Traditional methods of managing cyber risk are fundamentally broken – leaving organizations wide open to attack.

The only way security leaders can achieve this is through AI-driven Cyber Risk Quantification and Management (CRQM). It eliminates the manual, point-in-time, subjective approaches to cyber risk management to assess risk automatically in real-time. Security teams need to aggregate their telemetry signals from across their estate to provide a more accurate account of their cyber risk posture. CISOs then need to translate these technical insights into business impact to fuel effective communication and risk reporting to the board – quantifying risk in dollars and cents.

Quantifying cyber risk in terms of financial impact unlocks your ability to plan your initiatives based on the greatest returns, and justify future investments such as cyber insurance. CRQM is the only solution that enables businesses to build resilience, meet increasing regulatory demands, and shift from reactive to predictive cyber risk management – replacing guesswork with data-driven decision making.

Top reasons our community cites for adopting or considering this solution:

  • Current risk measurement is based on manual, point-in-time assessments, resulting in security decisions based on out-of-date, inaccurate information.
  • Inability to translate technical insights into overall business and financial impact (dollars and cents), resulting in ineffective board and regulatory reporting.
  • Inability to prioritize security initiatives based on the “most likely” and damaging threats to your business.  
  • Inability to articulate the ROI of cybersecurity investments, justify budgets, or prioritize investments based on the greatest returns.  
  • Reliance on guesswork and subjective assumptions when building cybersecurity strategies and managing budgets.
  • Inability to accurately calibrate risk transfer strategies, and secure adequate cyber insurance coverage.

You must be directly involved in your company’s evaluation process for solutions like this, or in the management chain for people who do. You must be a hands-on user of the prospective solution or in the management chain of users. Please do not register for programs that are an unlikely fit. Your credibility and ours depend on it.

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