As business leaders, we need to know what the biggest risks to our organizations are. All organizations face numerous disruptive challenges in today’s business environment that can create significant new business opportunities, but also can increase potential cybersecurity risks to the organizations. To address these issues, we need to focus our scarce resources on those business risks that will have the most disruptive impact on our business.
Your organization’s security environment needs risk quantification as part of your comprehensive strategy for risk management to adapt to the ever-changing threat landscape. This factor is the reason why the annual Cost of a Data Breach Report for 2021 features and discusses security risk quantification as a key topic.
The Cost of a Data Breach Report gives you a high-level view of the potential business impact of a data breach. By reviewing trends of hundreds of data breaches collected worldwide in 2020, you get a scenario of the cost range you face for a data breach in your industry and geographic location. Clients who use risk quantification can determine their own specific risk picture, including annual probability, which might be higher or lower than the Cost of Data Breach data.
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Security Risk Quantification Highlights from the Report
Sponsored, analyzed and published by IBM Security — with research conducted independently by the Ponemon Institute — the 2021 report studied 537 real breaches across 17 countries ..
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