Glossary definition: Cyber-Risk Quantification
Cyber-Risk: Quantifying Your Digital Threats
Cyber-Risk Quantification is a process of assessing the potential risks associated with a company’s digital assets, networks, and data. This process involves evaluating the likelihood of a cyber-attack or data breach, the potential financial, operational, and reputational losses that may result from such an attack, and the cost of implementing measures to mitigate the risk. Cyber-Risk Quantification also includes the identification and assessment of the vulnerabilities that could lead to a successful attack, the likelihood of a successful attack, and the potential damage that could be done by a successful attack. Cyber-Risk Quantification is an essential part of any company’s risk management strategy, and it helps organizations to identify and prioritize the risks they face, understand the threats they face, and make informed decisions about how to protect their digital assets, networks, and data.