WHen CoMPareD to traDItIonaL CYBer rIsK MetHoDs…
Traditional cyber risk methods seldom integrate well with other business risks. from heatmaps to compliance checklists, these methods fail to articulate cyber risk in financial detail. Hence, the results have limited use and cannot easily be incorporated into enterprise-wide reporting.
As an example, a risk heatmap would indicate that a certain risk is red. red indicates high risk. But what does this actually mean? Does it mean that the forecast of cyber risk is greater than all other business risks? Without this context, business leaders cannot compare cyber risk with all other business risks and set enterprise-wide strategy.