You've worked hard all year to prioritize your organization's resources to tackle the riskiest vulnerabilities in your cybersecurity program. But when you bring your progress to the board of directors, excited to demonstrate your success, your reports about patched network configurations, DNS configurations, botnet sinkholes, and more are met with blank stares.
Instead of using unfamiliar technical jargon, a better way to ask for support and funding is to quantify cyber risk in financial terms.
When you calculate cyber risk in terms of how it will impact the organization’s balance sheet, it becomes much easier for the board to understand risk, how it links to business outcomes, and where improvement is needed.
Article Link: How to Calculate Cyber Risk and Your Organization’s Financial Exposure