Being exposed to cyber risk is an inevitable part of doing business in today’s world. But when security leaders engage in conversations about cyber risk, they find themselves at a disadvantage. For many non-technical people, cyber risk is seen as complex and too often discussed in technical terms or through the lens of remediation plans for security incidents. While risk management professionals discuss business risk in terms of its impact on financial targets, cyber risk is all too often a misunderstood topic for the non-security crowd.

Cyber risk quantification represents an opportunity to change this dynamic. But traditional approaches to cyber risk quantification often lead to long, complex projects. These projects are complex because of the effort required to collect the necessary data and the need to bring on expertise to model various cyber risks in order to calculate a risk exposure range. This approach isn’t easily repeatable, and for most organizations, it isn’t sustainable.

Join us for this executive roundtable discussion where we will explore cyber risk quantification in more detail.

In this session we will discuss:

• The pros and cons of traditional approaches to cyber risk quantification
• Streamlining the process of quantifying cyber risk in financial terms
• Operationalizing cyber risk quantification across your cybersecurity program
• Communicating cyber risk in financial terms to your Board of Directors and other non-technical stakeholders
• Building a business case for funding of cyber risk quantification

Key takeaways include:

• Ideas to assist the development of a sound business case for the funding of cyber risk quantification
• Tips and tricks about how to operationalize cyber risk quantification
• Communication strategies to facilitate a universal understanding of cyber risk

BitSight transforms how organizations manage cyber risk. The BitSight Security Ratings Platform applies sophisticated algorithms, producing daily security ratings that range from 250 to 900, to help organizations manage their own security performance; mitigate third party risk; underwrite cyber insurance policies; conduct financial diligence; and assess aggregate risk. With over 2,100 global customers and the largest ecosystem of users and information, BitSight is the Standard in Security Ratings. For more information, please visit www.bitsight.com, read our blog or follow @BitSight on Twitter.