Cyber Risk Quantification for Financial Risk Reduction

Knowing the likelihood, frequency, and severity of cyber risk lets businesses assess their risk profile and determine the potential impact on operations. By translating these risks into financial terms, organizations can determine their financial exposure to cyber threats and make well-informed decisions on allocating resources. This boosts security posture and helps communicate risk in business terms. It also fosters collaboration among security professionals, business leaders, and stakeholders.

Prioritize cyber risk management decisions based on financial impact

Cyber risk is not just a security issue; it’s a business issue. When security and business leaders don’t agree, it causes problems. They misallocate resources, fail to meet expectations or leave the business unprepared for threats. Effective collaboration between security teams and business leaders is critical for aligning cybersecurity efforts with overall business goals.  By quantifying cyber risks in financial terms, organizations can better understand the potential monetary impact of threats. This helps them focus their remediation efforts on what aligns with their risk appetite and business goals. SecurityScorecard’s CRQ tool lets risk management professionals measure the financial impact of cyber risks, helping them work with business stakeholders and achieve better outcomes.

Implement actionable and scalable cyber risk quantification

• Limit your exposure: Direct cybersecurity investments toward the most likely or damaging loss scenarios. By targeting the risks that have the highest potential impact, businesses can reduce their overall cyber risk exposure. Monitoring and improving CRQ metrics ensures that security controls remain aligned with evolving cyber threats. This minimizes operational risk and potential financial losses.
• Put dollars to work to generate ROI: Direct capital toward the security enhancements that align with your business goals and desired financial outcomes. By measuring the potential impact of different risks, organizations can better allocate resources to areas where investments will generate the highest return and reduce financial exposure. 
• Improve collaboration and communication: Translate complex technical risks into clear financial terms to simplify how peers and partners discuss and communicate cyber risk. Risk management frameworks that present risks in monetary terms and use common language can help security professionals. This will foster better collaboration and align security programs with broader business goals, improving decision-making and strengthening the organization’s cybersecurity posture.

Critical Capabilities

Security posture informed

Go beyond industry average analysis and gain actionable insights into your company’s unique risk profile. Use advanced cyber risk assessments and industry frameworks to identify the vulnerabilities and threats most likely to affect your organization

MITRE framework mapping

Incorporate an assessment of defensive configurations against different threat actor strategies. Based on the tactics, techniques, and procedures often used by adversaries, find gaps in your security posture and improve your response to cyber threats

Ready-to-go model

Skip costly integrations or time-consuming model calibration and instantly get analysis output. Quickly assess vulnerabilities and prioritize remediation efforts. Make well-informed decisions that align with the company’s financial goals and risk tolerance