Security News > 2022 > March > Are you willing to take a calculated risk? Quantifying your cyber risk and predicting future threats

Now, it is possible to look into the future and make contextual risk forecasts using cyber risk quantification.

When data is collated and analyzed correctly, it can be used to provide a real-time risk score which is useful for improving the efficiency of security teams by helping them prioritize risk.

Certain cyber risk quantification platforms that leverage data-science principles to run Monte Carlo simulations can transform a risk score into a financial impact that shows how much a breach will cost an organization.

Once the correct risk scoring process is in place, security teams can assess threats in real time and then move towards a predictive model that anticipates incidents before they occur.

Analysis of all five risk vectors can reveal weak links in defenses in a holistic and granular manner, by highlighting vulnerabilities affecting an entire enterprise, as well as issues relating to each risk vector, right down to the level of departments or individuals.

Once the predictive capabilities of cyber risk quantification are in place across the industry, we will literally never look back.

News URL

https://www.helpnetsecurity.com/2022/03/15/prepare-for-unknown-threats/