The rate and cost of cybercrimes continue to rise and are predicted to reach a total cost of $10.5 trillion by 2025.
That makes understanding your cyber risk more important than ever. Do you know how to identify and quantify your cyber risk to understand the potential financial impact a cyber attack could cost your organization?
Organizations can often struggle to align in strategy, which can make communication and justification of a proper cyber strategy to quantify risk and consider cyber insurance difficult.
Cyber risk quantification is necessary because it helps connect technical and business discussions and helps everyone in an organization understand the impacts of a cyber attack, both financial and real business impacts.
Now is the time to build a cyber risk quantification strategy and explore the option of cyber insurance which also continues to be a complicated topic and process.