Published: 15 July 2018
Analyst(s): Information Risk Research Team
Risk quantification is an emerging practice that interests many CISOs, but poses numerous challenges. Quantifying risk is often viewed as an unwieldy process that does not always pay off.
How to Think About Applying Rigor in Information Risk Quantification
Lessons for a Pragmatic Approach to Risk Quantification
Lesson 1: Recognize All Risk Assessments Entail Quantifying Risk
Lesson 2: Get to a Practical Degree of Precision
Lesson 3: Strive Toward Incremental Improvements in Information Risk Assessments
Lesson 4: Decompose the Problem into Knowns and Unknowns to Flush Out Areas of Uncertainty
Lesson 5: Build Flexibility into Your Model
About this Research
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