Improving cyber risk conversations with the Board

Presented by

Simon Marvell, Partner, Acuity Risk Management

About this talk

According to McKinsey most IT and security executives use manually compiled spreadsheets to report cyber risk data to their Boards; unsurprisingly many Boards are dissatisfied with the reports they receive. Consequently, Boards struggle to get a sense of the overall cyber risk status of the organisation. With global spending on cyber security products and services increasing at 8.7% a year, Boards also need assurance that their budgets are being spent well. This webinar will provide practical examples of how, with the introduction of some quantitative risk assessment techniques, security leaders can start to improve their conversations with the Board. Specifically, the session will demonstrate: •Forecasting future financial loss exposure from cyber events •Prioritisation of security programmes in terms of forecast reduction in financial loss exposure •Evaluating the RoI of security investment proposals. The webinar will conclude with some suggestions on how security leaders can start to introduce these techniques and then evolve them through monitoring and continual improvement.
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