Cyber Risk Quantification for Financial Risk Reduction
Understand the likelihood, frequency, and magnitude of risk and create action plans to reduce the risk exposure for your business.
Prioritize risk management decisions based on business impact
Cyber risk is not just a security issue, it’s a business issue. When security and the business leaders don’t see eye to eye, resources are misallocated, expectations aren’t met, or the business is left unprepared for the threats it faces. With SecurityScorecard’s cyber risk quantification capabilities, risk management professionals can quantify the financial impact of cyber risk to facilitate collaboration and communication with business stakeholders and achieve better outcomes.
A View Inside
Implement actionable and scalable risk quantification
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Identify the most impactful threats
Confirm whether ransomware, data breaches, denial of service or some other attack mode is your main concern -
Estimate the value of investments
Quantify the reduction in expected losses if issues like open ports, outdated websites, or weak endpoints are resolved
Implement actionable and scalable cyber risk quantification
- Limit your exposure: Direct cybersecurity investments toward the most likely or damaging loss scenarios; Reduce the potential for loss by monitoring and improving your cyber risk quantification metrics, overall security rating and factor scores.
- Put dollars to work to generate ROI: Direct capital towards the security enhancements that are most closely aligned with business goals and financial outcomes.
- Improve collaboration and communication: Simplify the way cyber risk is discussed and communicated with your peers and partners by translating often opaque technical risks into clear financial terms.
Critical Capabilities
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Security posture informed
Go beyond average analysis and gain actionable insights on your company’s unique risk profile
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MITRE framework mapping
Incorporate an assessment of defensive configurations against different threat actor strategies
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Ready-to-go model
Skip costly integrations or time consuming model calibration and instantly get analysis output
Latest Resources
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There is much more to the SecurityScorecard platform
FAQs
What is Cyber Risk Quantification?
Cyber Risk Quantification translates cybersecurity risks into financial terms, helping organizations understand the potential financial impact of threats on their business and make informed decisions.
Why is Cyber Risk Quantification important?
It enables organizations to align risk tolerance with their cybersecurity strategy, prioritize remediation efforts, and allocate resources efficiently to reduce financial losses.
How does Cyber Risk Quantification help with financial risks?
By assessing potential impact and financial losses, it allows companies to measure and manage risks, supporting strategic investments and proactive risk management.
How does Cyber Risk Quantification support remediation efforts?
It helps organizations prioritize vulnerabilities and allocate resources effectively by quantifying the potential impact of identified cybersecurity risks, ensuring a focused approach to mitigation.
How does Cyber Risk Quantification improve communication with stakeholders?
It translates technical risks into financial terms, making it easier to communicate potential impacts to business stakeholders and align security investments with business goals.
