Presenting cybersecurity risk to senior business leaders requires translation to bridge the gap in language and understanding. To do this, however, requires the CISO to ensure he or she understands their company and its business.
The Rosetta Stone that translates the technical nature of security into the language of the business is here – cyber risk quantification (CRQ). By quantifying cyber risk, Chief Information Security Officers have the ability to speak the language of business.
Risk scenarios should be and can be quantified in a way that the board can understand. A board that understands the risk, threat, response paradigm is better equipped to understand prioritization and resource allocation – and the need for right-sizing of security investments.
By leveraging CRQ, a threat intelligence platform (TIP), and intelligence-driven security orchestration, automation, and response (SOAR), CISOs can more easily demonstrate what risks they are prioritizing, the actions they are taking to mitigate those risks, and the outcomes associated with those actions.