Before a single scenario is modelled or a number estimated, one of first challenges in adopting cyber risk quantification (CRQ) is simply persuading stakeholders it's worth doing.
In this article, I’ll share six working principles I’ve found essential for embedding CRQ in a way that sticks — not just as a project, but as a true business capability.
For all the energy that organisations invest in CRQ, a frustrating truth remains: many results don't actually lead to better decisions. Quantification is a powerful tool. But like any tool, its value lies in how it’s used.
Worst case sets a practical limit on what should be spent to manage/mitigate risk, most likely is what you should expect to occur, while ALE tells you how to do long-term financial planning or to think for (self) insurance.
Public sector organisations are key to our economy, providing essential services to the population. Given the importance of the sector, they are prime targets for cyber-attacks, due to data-rich environments, critical infrastructure, political and ideological motivations and interconnected systems.
