Companies need to be able to calculate and put a dollar value on their exposure to cyber risk. This is the starting point for the ability to make cybersecurity decisions not in a vacuum but as part of overall business decisions. To accurately quantify cybersecurity exposure, companies need to understand what the threats are and which data and business assets are at risk. They then need to multiply the cost of a breach by the probability that such an event will take place to put a dollar figure on their exposure.
While many automated tools can help with this, the key to doing quantification well is ensuring that calculations are rooted in real and relevant data – which is different for each company or organization. Ostrich's Birdseye Risk Assessment and Reporting application offers organizations the ability to quantify their risk accordingly, which then allows them to build an effective cybersecurity program for the enterprise.