As someone who oversees the identification and assessment of risks for your business, you know how critical it is to be able to do so in a way that not only ensures compliance (a risk in and of itself), but also to clearly understand the risk to the operation and financial health of the company that you are accepting in light of threats to and vulnerabilities in IT systems and operations.
The company director or chief of information security maintains a prepared, proactive stance against outside cyber security threats. However, if you are in a risk management capacity, you also know how difficult it can be to identify, assess and quantify business risks in IT operations, without the right quantifiable metrics at your fingertips. Moreover, justifying increases in spending or changes in operations designed to reduce risks, without the clear, data-driven insights you require to back up your decisions can be virtually impossible.
You need a solution that enables you to understand the risk you are accepting in order to protect the reputation, security and prosperity of your organization. This requires meaningful data and actionable cyber risk intelligence that is easy to communicate.
"Organizations have settled methods for measuring key risk indicators in various aspects of their business: credit risk, supply chain risk, etc. They do so by creating data-sets that are indicative of business performance and use risk models that have been shown to be leading indicators of adverse performance. Until now, in cyber security, this has not been possible because the data-sets available were unsuited for risk measurement. FourV has solved this by transforming technical security data into an information stream that can have mathematical risk models applied to it in a consistent and understandable way."
Derek Gabbard President at FourV Systems
Fourty-eight percent of board-level executives have a sub-par understanding of security issues.
Sixty-one percent of risk professionals think information is too technical to be understood by non-technical management.
Seventy percent of organizations treat information risk in the same manner as corporate risk.