Security News > 2021 > September > Implementing risk quantification into an existing GRC program

With a myriad of risks and limited security budgets, how do organizations decide which projects to prioritize? Many governance, risk management and compliance professionals believe risk quantification is the answer.

Risk quantification also enables risk professionals to communicate risk to leaders and other stakeholders in a shared language everyone understands: dollars and cents.

Quantifying risk in financial terms enables organizations to assess where their biggest loss exposures may be, conduct cost-benefit analyses for those initiatives designed to improve risk activities, and prioritize those risk mitigation activities based on their impact to the business.

Wondering how to make the most out of risk quantification data? Find a GRC platform where risk quantification integrates with your other risk information to keep everything in one place.

Risk quantification helps companies identify, prepare for, and mitigate cyber risk.

A good risk program with integrated risk quantification capabilities helps organizations better than strategies requiring GRC professionals to manage point solutions or data living in unwieldy spreadsheets.

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