Cyber Risk Quantification Monthly Roundup
Stay up-to-date with the latest insights and trends in cyber risk quantification.
Likely Disclosure Inconsistencies With Massive Snowflake Data Breach
The latest reports indicate that the Snowflake data breach has affected more than 165 organizations, with the final number likely to be much more.?
Yet only 2 of the known SEC-registered organizations that have fallen victim have disclosed the event in Form 8-Ks - and neither has determined the consequences to be material!
Our latest blog delves into the inconsistencies in cyber loss reporting, the challenges of defining materiality, and how companies can leverage CRQ to develop a robust framework to ensure compliance and justify their disclosure (or lack thereof) decisions.
Top 4 Strategies to Demonstrate Cybersecurity's Value in the Boardroom
Communicating the value of proactive cyber risk management is challenging, especially when making a case in a boardroom full of executives with little to no understanding of the cyber realm.?
But investing the time to hone the high-level skills that can bridge this gap is crucial, especially as the costs of cyber events increasingly wreak havoc on the marketplace.?
Our blog explores how CISOs can transform their technical insights into compelling narratives that drive the decision-making process, helping board members recognize just how critical it is to elevate cyber and incorporate it into the broader business strategy.
Obtaining Fit-For-Purpose Cyber Insurance Amid a Volatile Market
Cyber insurance is a crucial component of any cyber risk management program, but equally important is having a policy that accounts for an organization's unique cyber risk profile.?
Yes, cyber insurance rates have slowly begun to fall, but risk managers are still struggling to find economically viable options that align with risk appetite and tolerance levels and truly provide a financial safety net for cyber risks.?
With CRQ, however, stakeholders can overcome this market obstacle and discover data-driven insights unique to their organization, helping them to obtain fit-for-purpose policies.
Updates to the CRQ Platform: ISO 27001 Mapping and Model Calibration
The cyber risk landscape evolves quickly, but so does our on-demand CRQ!?
We have two exciting updates, the first is that organization’s using the ISO 27001 information security framework can now map their control levels directly within the platform.?
We’ve also recently enhanced our model calibration to ensure the most accurate and precise event likelihoods and respective severities.?
Learn more about these latest upgrades and our commitment to keeping you equipped to manage your organization's cyber risk posture, even as it changes over time.
The Optimal Cyber Risk Management Tools to Streamline DORA Compliance
DORA is a much-needed regulation that will undoubtedly enhance the safety and stability of the EU financial market and, by default, the rest of the world. Nevertheless, compliance does not come without considerable challenges. Financial entities must quickly learn how to navigate this new landscape of requirements that now demand meticulous data gathering, analysis, and reporting.?
Ultimately, CRQ not only facilitates compliance with DORA but also fortifies an organization's overall cyber defense strategy. This dual advantage makes it an indispensable tool for financial entities striving to navigate the complexities of DORA and achieve long-term operational resilience.
领英推荐
The UK Cost of the CrowdStrike Incident
The recent attack serves as a stark reminder of the devastating consequences of a single point of failure. With an estimated cost of ￡1.7-￡2.3 billion to the UK economy, this event underscores the urgent need for proactive cyber risk management.
Read our report to learn how to:
? Quantify your organization's exposure
? Make data-driven decisions
? Protect your business from future threats
How Can Organizations Navigate SEC's Cyber Materiality Disclosures?
Inconsistencies and lack of information in cybersecurity disclosures highlight the need for organizations to establish a robust materiality assessment framework.
Check out our CEO's Yakir Golan's latest contribution to Dark Reading!
In this insightful article, Yakir dives deep into the challenges organizations face with the new SEC cyber-materiality disclosures. This article explores:
* The complexities of defining "materiality" in the context of cyberattacks.
* Strategies for organizations to navigate these new regulations.
* The role of CRQ (Cyber Risk Quantification) in simplifying and streamlining the process.
Struggling with the new SEC rules? Read the full article for valuable insights and discover how CRQ can help.
Upcoming Events
ECSO's Annual CISO Meetup 2024 - Vienna - Nov 4-5, 2024
We'll be at ECSO! Come by our booth to connect with our team, discuss your cyber risk challenges, and learn how our solutions can help you:
Book a meeting in advance to ensure we have time to discuss your specific needs and goals. We look forward to seeing you there!
Stay tuned for our next upcoming newsletter. In the meantime, kickstart your CRQ journey today