Dispelling Cyber risk quantification (CRQ) Objections: Tips for CISOs Looking to Stay Ahead
Gestalt IT, February 3rd, 2023
Cyber risk quantification (CRQ) has earned a bad reputation with many CISOs. Delays and drama suffered by using antiquated legacy methods have resulted in skepticism and doubt about its necessity.
Many cybersecurity professionals tell us communicating cybersecurity in dollars and cents is just not mainstream yet. Yet understanding the financial consequences of cybersecurity events is no longer optional. The term 'cyber risk quantification' is becoming prominent in many executive-level conversations centered around aligning business risk reduction with cybersecurity initiatives.
As a first step, we would like to dispel a few common objections to adopting CRQ we hear from CISOs. The good news is there is a new way to quantify cyber risk-and it will not break the bank or your brain.