Media Coverage

Why is financial cyber risk quantification important?

On March 17, 2021, HelpNetSecurity published an article on the importance of cyber risk quantification by ThreatConnect VP of Cyber Risk Strategy Jerry Caponera.

In its 10th annual Risk Barometer, Allianz found that cyber incidents ranked third in a list of the most important global business risks for the upcoming year, coming in second behind risks stemming from the pandemic itself. We can expect cyber incidents to increase in frequency and sophistication as cyber criminals continue to leverage the various security lapses that accompany remote workforces.

However, something that has changed recently is how business leaders and boards of directors are viewing cyber risk. While previously seen as an issue solely for security and technology leaders to manage, executives are now pressuring security departments to financially quantify cyber risks facing their organizations.

 

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