Communicate Cyber Risk in the Language of the Business and Expose the Financial Impact of Cyber Events

Gain a North Star understanding of what cyber risks matter most to your business with ThreatConnect Risk Quantifier™ (RQ). Automation saves time and resources needed to model comparative security scenarios allowing for better business decision-making, collaboration, and communication.

Communicate Cyber Risk in the Language of the Business
Prioritize Response With a North Star Focus
Compare/Contrast Impact of Security Investments
Prioritize CVEs by Financial Risk to the Business
Establish Business Buy-in & Demonstrate ROI

Communicate Cyber Risk in the Language of the Business

Problems exist for solutions and business leaders expect solutions to be presented to them. Not only will we highlight your top risks and dig deep into the scenarios behind the critical risks that exceed your risk appetite, but we’ll help you present recommendations on management of those risks. Should we accept the risk? Transfer it? Mitigate it? You’ll be armed to drive this conversation and to get the business on the same page with you and your team.

Once you have this North Star understanding of what matters most to the business, you can then effectively communicate risk.

The Rosetta Stone that translates the technical nature of security into the language of the business is here – ThreatConnect Risk Quantifier™ (RQ).

Prioritize Response With a North Star Focus

Quantifying cyber risks enables the identification of the most important risks to the business from a financial and operational perspective. With this north star understanding of risk, Chief Information Security Officers can focus and prioritize the work of their teams to avoid wasteful and futile efforts.

ThreatConnect Risk Quantifier™ (RQ) gives you a clear picture into inherent and residual risk in a dynamic fashion. Not only is the threat landscape and the parts of it that are relevant to your business changing, but the controls, applications, endpoints, and type of data present in your environment are changing as well. RQ enables you to apply these changes instantaneously to your models, allowing the measurement of cyber risk to move beyond point-in-time assessments and become programmatic in nature.

Compare & Contrast the Impact of Security Investments by Evaluating Their Impact on Risk

Attackers don’t sleep. Nor does your business and its IT infrastructure. With all three functions operating in a hyper-dynamic manner, it is not sufficient to take snapshots, or to rely on human calculations. Cyber risk quantification needs to become a decision support system that operates in real time rather than waiting for lengthy interviews, training and manual reviews. This requires automation.

The requirement to automate the quantitative process, to map to the Factor Analysis of Information Risk (FAIRTM) but make it better, could not be more urgent. ThreatConnect RQ automates the process, where others don’t. Automation boosts three specific areas for your cyber team:

  • Proactively Model and Predict Risk
  • Establish a Baseline, Mitigate and Monitor for Changes
  • Recommend and Drive Smart Action

What If analysis is automated based on your industry, top threats, regulations and security control frameworks.

You save hours or weeks of data gathering with the ability to critique rather than create security models. With this automation, it allows you to quickly compare current and proposed security models for better decision making.

  • What is the ideal security state for the business and what are the financial risks of not being there?
  • If the addition of new entities, either through merger and acquisition, digital customer experiences or other activity affects  inherent (known) risks of existing applications. It helps you communicate residual cyber-risks and financial impact of your company’s new business initiatives so you can plan ahead.
  • How much financial impact and risk is associated with the launch of new applications without adequate security controls in place.

Apply Relevancy and Context to Prioritize CVEs by Financial Risk

“Out of 300 IT professionals surveyed by the Ponemon Institute, 72% said they had difficulty in prioritizing what needs to be patched. Sixty percent of those surveyed indicated that breaches at their organization were linked to a vulnerability where a patch was available, but not applied.” 

RQ provides an industry first by prioritizing CVE’s by their potential financial impact should an exploit or attack be successful on a crown jewel asset. It enables security teams to focus on financial risk rather than severity scores that may or may not be relevant to you. This is especially true when security teams are inundated with alerts all professing high severity scores.

As any security analyst knows, a 10 does not necessarily mean a 10 across all businesses.

That is why RQ prioritization of CVEs is so important for security teams right now. You can focus on the vulnerabilities that matter the most to the business. The result? Clear demonstration of how your security team is driving down risk for the organization.

Prioritize CVEs by Financial Risk to the Business

Enterprise security teams deal with a constant avalanche of security alerts for vulnerabilities. They receive so many that it becomes difficult to know where to start. This is especially true when many alerts come in with high severity ratings. While CVSS scores can be helpful, they rate the severity of a threat, not the risk it poses to the business.  Many times a severity rating of 10 for a vulnerability in one business isn’t always a 10 in another business. Relevancy and context matter when it comes to prioritizing what alerts to focus on first.

So, it isn’t surprising that when Ponemon Institute surveyed 3,000 IT professionals, 72% reported difficulty in prioritizing what needs to be patched. Perhaps even more troubling is that 60% of those surveyed indicated that breaches at their organization were linked to a vulnerability where a patch was available, but not applied.

ThreatConnect Risk Quantifier™ (RQ) provides an industry first by offering the ability to view and act on the vulnerabilities that represent the most financial risk and impact to the organization. In this way, you can prioritize CVE’s in context with the most financial risk they represent should an attack or exploit be successful.

This allows you to demonstrate how your vulnerability management programs directly relate to financial impact and risk.

Establish Business Buy-in & Demonstrate ROI

Board-level discussions about cyber risk are increasing the need to identify and quantify cyber risk exposure. Being able to track cyber financial risk over time, understand the impact of budget decisions, and ultimately justify spending is now driving business decisions on which risks to tolerate, treat or transfer.

While step one is to understand your organization’s cyber risk exposure in financial terms, the next thing an organization must think about is how to mitigate that risk. ThreatConnect RQ models many different types of attackers and attacks that may infiltrate an organization, as well as an organization’s controls, vulnerability data, and critical applications.

Save time by using pre-built models that can be easily tuned to your environment to compare cyber-risk and financial impact across the organization. Group by applications, departments, legal entities, or whatever is most appropriate for your business.

RQ’s powerful reporting capabilities enable you to:

  • Report on an aggregated view of cyber risk and financial impact across multiple legal entities and applications
  • Keep business leaders accountable for the level  of security they employ in their digital initiatives
  • Help the business understand what is the  inherent risk between applications and how new digital experiences or M&A activity adds residual financial risk

Get a Demo

Interested in seeing RQ for yourself? Please fill out the form and we will reach out to provide a walkthrough of ThreatConnect Risk Quantifier.