Using cyber risk quantification to align risks to business objectives
Stratascale Horizon Report
As cybersecurity risks accelerate, organizations need more budget to reinforce their security posture. But often, CISOs and security leaders struggle to obtain the dollars needed to properly defend against these invisible risks.
That’s because inherently, security and business executives measure and talk about risk in different ways. Also, security programs often operate in a fragmented way, adding to the disconnect between cybersecurity investment and their efficacy.
We’ve talked previously about the dangers of a piecemeal approach to cybersecurity. Issues also arise with a disjointed approach to managing risk.
Cyber risk quantification (CRQ) combats this by focusing on the entire picture, all the factors that impact risk. This includes proper evaluation, measurement, and valuation of risk and its business impact to ensure an organization’s security, trust, and resilience. With that, security leaders can translate their organization’s risk into business and financial terms that executives understand in order to prioritize cybersecurity investments appropriately.
Our latest Stratascale Horizon Report dives into how to effectively implement CRQ to tackle risk, reduce the chance of ransomware and data breaches, improve alignment between security and business leaders, and set the stage for continuous security improvement.
Read on for more.