A more quantitative approach to cyber risk calculation helps organizations rationalize their cybersecurity budgets and investments. It can be challenging for security leaders to track the effectiveness of their security program and defend the rising cost of cyber security initiatives. Cyber Risk Quantification can be used to calculate the change in risk exposure over how the investment in security controls impacts your cyber risk in monetary terms. For example, you can show how the mitigating effects of endpoint security controls reduce the quantified level of breach risk, thereby demonstrating the ROI of your endpoint security investments. Using this approach, you’re able to demonstrate the value of your overall cybersecurity program, and justify current and future security investments.
With Cyber Risk Quantification, organizations can calculate cyber risk and leverage it to address challenges around cyber risk prioritization and to communicate risk exposure in a language that is appreciated by executive leadership and the board. Cyber Risk Quantification enables organizations to embrace their cyber security posture through a financial lens, justify security investments, improve communication across key stakeholders and make better decisions related to mitigation efforts and security investments based on financial impact.