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With the 𝐍𝐈𝐒2 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐯𝐞 in effect, cybersecurity has officially become an executive responsibility 🛡️ Senior management now faces personal liability if they fail to ensure proper cyber risk oversight. 𝑩𝒖𝒕 𝒘𝒉𝒆𝒓𝒆 𝒕𝒐 𝒔𝒕𝒂𝒓𝒕? 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨-𝐛𝐚𝐬𝐞𝐝 𝐫𝐢𝐬𝐤 𝐪𝐮𝐚𝐧𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 is key. By simulating potential cyber threats and financial impacts, executives can make informed decisions that align with their organization’s compliance and resilience goals. It’s about understanding risk in a language that speaks to the boardroom. 𝑾𝒂𝒏𝒕 𝒕𝒐 𝒍𝒆𝒂𝒓𝒏 𝒎𝒐𝒓𝒆? Send me a DM, and let’s explore how scenario-based risk quantification can help your leadership team make smarter, data-driven decisions. #NIS2 #CyberRiskManagement #Leadership

It was a pleasure to speak yesterday during the Cybersecurity Summit in New York, where I provided some insights on why #CyberRiskQuantification (CRQ) is now a critical #boardroom conversation. I also shared Squalify’s views on how a top-down CRQ may be leveraged to ensure the prioritization of the right investments in #cybersecurity, to minimize companies’ cyber exposure. It was very rewarding to engage in meaningful conversations right after my presentation, thanks to all attendees ;-) #CISOs #informationsecurity #ransomware #CyberSecuritySummit

Are you concerned about your #CyberRisk, but still trying to measure your risk exposure with qualitative metrics? Then it's time to explore the advantages of #CyberRiskQuantification over qualitative risk assessment methods. 1️⃣ 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬-𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐥𝐚𝐧𝐠𝐮𝐚𝐠𝐞: CRQ translates cyber risks into easy-to-understand financial metrics, helping business leaders clearly understand the direct relationship between complex cyber risks and the financial health of the organization. 2️⃣ 𝐀𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬: Expressing cyber risk in monetary terms enables direct comparisons between different types of business risk, facilitating more informed decision making and resource allocation. 3️⃣ 𝐑𝐎𝐈 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧: By quantifying cyber risk, you can calculate the return on investment (ROI) of security investments to easily prioritize the most effective information security activities. 4️⃣ 𝐁𝐨𝐚𝐫𝐝𝐫𝐨𝐨𝐦 𝐈𝐦𝐩𝐚𝐜𝐭: By translating cyber risk into financial terms, CRQ enhances the #CISO ability to communicate effectively with the C-level and gain support for critical #cybersecurity investments. Learn more about the highlights of #CRQ in this blog post: https://lnkd.in/ehpJqUxu What Is Cyber Risk Quantification: Understanding Its Importance in Business Security — Insights by Squalify

When quantifying cyber risk, understanding your 𝐰𝐨𝐫𝐬𝐭-𝐜𝐚𝐬𝐞 𝐥𝐨𝐬𝐬 is critical. It’s not just about knowing the probability of an attack, but grasping the financial consequences if the worst happens. By calculating worst-case loss scenarios, you can better understand and prepare for the potential financial impact of events like data privacy breaches, business interruptions or a financial fraud. This metric also provides a clear picture of the upper limit of your financial exposure and ensures risk mitigation strategies are aligned with real-world stakes. #CyberRisk #WorstCaseScenario #RiskManagement #CRQ

Only a few days left and I’ll be at the Transformational #CISO Assembly in Barcelona. It's our second time attending this high-profile event, where we'll be able to share and inspire each other on the latest and greatest developments in the #Cybersecurity and #CyberRiskQuantification industry. I hope to see you there! @themilleniumalliance Squalify #CRQ #CISOAssembly

Excited to be heading to New York this week for the Cyber Security Summit! 🎉 Our CEO, Asdrúbal, will be delivering a keynote on “𝐒𝐭𝐨𝐩 𝐠𝐮𝐞𝐬𝐬𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐲𝐨𝐮𝐫 𝐂𝐲𝐛𝐞𝐫 𝐑𝐢𝐬𝐤,” sharing how Squalify’s top-down CRQ approach is transforming the way organizations manage cyber threats. Looking forward to learning from fellow industry leaders and exchanging insights on the latest in #CyberRiskManagement. Will you be attending? Let’s connect beforehand, and we can start the conversation early! Squalify #CRQ #CybersecuritySummit #CyberRisk #Cybersecurity

Why is 𝐡𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐜𝐲𝐛𝐞𝐫 insurance 𝐥𝐨𝐬𝐬 𝐝𝐚𝐭𝐚 more important to your #CyberRiskQuantification results than 𝐜𝐲𝐛𝐞𝐫 𝐢𝐧𝐜𝐢𝐝𝐞𝐧𝐭 𝐝𝐚𝐭𝐚 alone? 💡The simple answer is that historical insurance loss data provides deep insights that incident data alone cannot. While incident databases typically track the occurrence and nature of occured cyber threats from public sources, they often do not capture the financial impact and business disruption that is not made public (such as many business disruptions and instances of financial fraud and theft). In addition, public incident sources often lack the ultimate financial outcome, as particularly large incidents take 2-5 years to understand the full financial consequence. In contrast, historical cyber insurance loss data includes comprehensive details on business interruption, data breach, and financial theft and fraud, providing a holistic view of the impact of cyber incidents. This enhanced data set enables organizations to develop risk quantification models 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒂𝒄𝒕𝒖𝒂𝒍 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒂𝒏𝒅 𝒐𝒑𝒆𝒓𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝒅𝒂𝒎𝒂𝒈𝒆. As a result, the findings support actionable risk management strategies and the alignment of cybersecurity efforts with business strategies and financial stability objectives. #CRQ #CyberThreats #RiskAssessment