Alfahive’s industry-specific approach to CRQ helps organizations rapidly quantify risk and build cyber resilience without the need for specialized expertise.
Cybersecurity is top on the agenda in most board room meetings – and while boards and executives expect to be informed about cyber risk, very few of them seem to be getting the answers they want. Due to external forces like ransomware attacks and proposed security and privacy legislation CISOs have more influence and access to boards and senior executives than ever, but that doesn’t always translate into engagement or the allocation of budget and resources to reduce risk.
Those responsible for cybersecurity—from the CEO on down—are urgently looking for better ways to measure risk and enable well-informed decision-making, regarding questions like:
What are our top cyber risks and how much exposure do they represent in dollars?
Which cyber security investments matter most? And are we investing enough?
CISOs and risk leaders want to better communicate the value of cybersecurity and improve decision making. This white paper demonstrates the challenges with current cyber risk practices and introduces cyber risk quantification (CRQ), a concept that is not new, but newly being adopted within cybersecurity. Quantifying risk in financial terms can help security leaders engage teams across the organization on cyber risk decisions.