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“High,” “Medium,” and “Low” are bad inputs if you want to make good decisions. Get the real dollar figures your cyber risks could cost you, plus a roadmap to bring the risk down.
I know we have cybersecurity risks, but…
Define all your cyber risks, and quantify how much each incident would cost you in dollars. Once you have a completed cyber risk assessment, you will have total clarity over your risk exposure.
Get a high-quality risk assessment that demonstrates your commitment to security. Our quantitative risk assessments will meet cybersecurity compliance audit requirements, and help support your ongoing improvement requirements through risk treatment roadmaps.
Use data from the quantitative risk assessment to speak the language of business: money! Executives and board members more easily understand “a 10% chance of a $1 million loss” than a “high” risk. Demonstrate ROI based on annualized expected loss values.
Asset | Impact | Likelihood | Risk Level |
|---|---|---|---|
ELN System | High | Low | Medium |
Identity System | Medium | Medium | Medium |
Asset | Damage | Probability | Expected Loss |
|---|---|---|---|
ELN System | $10,000,000 | 1% | $1,000,000 |
Identity System | $4,000,000 | 7% | $280,000 |
Only 1/3 of cyber insurance policies actually pay out in incidents. Most companies have cyber insurance policies that insure too little, or too much, and have absurdly low caps and silly exclusions.
To learn more about cyber insurance and determine if you have the right coverage for you, join us for a free vCISO Office Hours session on Tuesday, April 18 at 1 p.m. eastern time. Bring your questions!
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