Why cyber risk quantification has failed thus far, maybe why 15% of companies are modeling the financial have tried to model the risk.

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Why cyber risk quantification has failed thus far, maybe why 15% of companies are modeling the financial have tried to model the risk. PWCs survey identified that he barriers to risk quantification included.

– Data issues (cited by 44% of respondents).
– Scope uncertainty.
– Legal concerns.
– Lack of trust in the reliability of quantification outputs.

Cyber regulation sets out significant objectives for the identification and management of cyber risk. The SEC final cyber rule requires covered entities for example to identify the material cyber risks and material cyber incident. Materiality being a measure of both financial and no financial impacts of cyber risks on an organisation.

https://lnkd.in/e8u6mj4a

@Thaddeus Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA Faisal Khan

Veritas GRC

#cybersecurity #cyberriskmanagement

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