With increased spending to defend against cyber threats, effective financial measurements are needed to support decision-making and answer questions like: “what are the potential financial losses from each cyber risk?” “How much cyber insurance does my organisation need?” “Which risks should be prioritised?” and “how can we calculate ROI on cyber security investments?”
We help organisations understand cyber security risks for budgetary justification, investment re-prioritisation and implement programmes to manage risk.
Understand your risk appetite and determine risk and asset priorities. Use quantitative analysis to evaluate top cyber security risks, which can help executives make dollars-and-cents decisions.
Build cyber risk quantification capabilities and integrate them into your existing risk management framework. This provides an ongoing, sustainable programme for executive leadership to support meaningful decision-making.
Leverage targeted-scope risk assessments based on industry frameworks or compliance standards (e.g., NIST, PCI, NYDFS, HIPAA, etc.), enabling you to select and prioritise risk treatment options.
Model loss exposure from individual scenarios and demonstrate return on investment and risk reduction by building specific business cases and supporting sound risk treatment decisions tailored to an individual project, initiative, or investment.
Develop, prioritise, and integrate quantification methods with your existing third-party management capabilities.
Aspire High Consultants empowers our clients to make data-driven decisions. Cyber risk quantification allows you to:
Cyber risk quantification helps you understand risks in terms of impact on overall business value while significantly reducing uncertainty and narrowing the range of potential loss outcomes. This helps manage and mitigate risks by allocating appropriate budget, time, and resources to risk management programmes.
Cyber risk quantification identifies critical risks that are the most likely to occur. Using the data from these analyses, effective comparisons can help decide which risks should be prioritised and which risks can be revisited later. This can save time and money while mitigating impactful risks.
Through probabilistic analysis and the use of financial models, quantifiable data can be turned into valuable information. Communicating the range of potential loss in a commonly understood way – i.e., financial terms – allows management to clearly understand and make more informed investments.
Aspire High Consultants is a boutique IT Risk Solution consulting firm currently engaged in the business of providing risk management solutions in specific domains
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