As the digital transformation of enterprises continues to accelerate, cyber risk remains a top concern for business leaders. But cyber risk is often thought about in technical terms as opposed to business terms — making it more important than ever for security leaders to educate their board and other non-technical stakeholders on what cyber risk really means to their organization.
This is where financial quantification can have a huge impact, empowering security leaders to build the necessary business context with data-driven metrics that indicate cyber risk exposure. By presenting these types of security performance findings and cyber liability insights in context, security leaders can provide the board and other stakeholders with the data they need to make more informed security investment decisions.