On March 25, 2021, CPO Magazine featured an article on cyber risk quantification by ThreatConnect Vice President of Risk Strategy Jerry Caponera.
Too many CEOs and business leaders are left in the dark as to the true financial risks they face from cyber events. For far too long, they’ve been told that cyber risk cannot be quantified in the same manner as operational risk or credit risk. They’ve been told that cyber is too technical to distill down into a business-oriented view – that it is about vulnerabilities, exploits, patch cycles – technical stuff that you wouldn’t understand. But with cyber risk representing a top three business concern, these days are coming to an end. Cyber risk is ready to join the realm of Enterprise Risk Management, and it must in order to prevent the surprise shock of massive financial impact from cyber events.