Why leaders need cyber risk quantification to survive
Risk is all around us. Driving down the road in our car or eating certain foods could be considered risks we assess on a daily basis. We just don’t notice we’re making those assessments because they’re subconscious. Most of the time, we don’t actively quantify a risk unless it poses clear and present danger. For example, you might avoid walking down a dark alley at night because the potential threat is clear to you -- but eating a Big Mac or Whopper frequently is likely just as threatening to your health, you just won’t come face-to-face with those threats until years down the road.
Business leaders approach risk within their company the same way. For example, a clear and present danger with Microsoft Exchange’s zero-day vulnerability led companies to quickly jump on patches that would safeguard their business from harm. But, every day, we overlook the inherent risks in our employee base, IP, supply chain and more.