Managing Cyber Risk

Cyber risk is the second highest perceived business risk according to U.S. risk managers and corporate insurance experts. Digital assets now represent over 85% of an organization?s value. In a survey of Fortune 1000 organizations, 83% surveyed described cyber risk as an organizationally complex topic, with most using only qualitative metrics that provide little, if any insight into an effective cyber strategy.

Written by one of the foremost cyber risk experts in the world and with contributions from other senior professionals in the field, Managing Cyber Risk provides corporate cyber stakeholders ? managers, executives, and directors ? with context and tools to accomplish several strategic objectives. These include enabling managers to understand and have proper governance oversight of this crucial area and ensuring improved cyber resilience. Managing Cyber Risk helps businesses to understand cyber risk quantification in business terms that lead risk owners to determine how much cyber insurance they should buy based on the size and the scope of policy, the cyber budget required, and how to prioritize risk remediation based on reputational, operational, legal, and financial impacts.

Directors are held to standards of fiduciary duty, loyalty, and care. These insights provide the ability to demonstrate that directors have appropriately discharged their duties, which often dictates the ability to successfully rebut claims made against such individuals. Cyber is a strategic business issue that requires quantitative metrics to ensure cyber resiliency. This handbook acts as a roadmap for executives to understand how to increase cyber resiliency and is unique since it quantifies exposures at the digital asset level.

Part 1: Understanding Cyber Risk 1. Cyber Risk at the Speed of Light 2. Dissecting Cyber Risk Part 2: Quantifying Cyber Risk 3: Inherent Cyber Risk 4. Residual Cyber Risk Part 3: Mitigating Cyber Risk 5. Prioritizing Cyber Risk 6. Optimizing Cyber Resiliency – the next level of cyber assurance

Ariel Evans is a senior cyber security expert, serial entrepreneur, and author. Ariel is the CEO of Cyber Innovative Technologies (CIT). She has won numerous awards including the EU Commission award for Innovation in Cyber Risk and Gartner Cool Vendor in Privacy Management. Ariel is also the faculty chairperson of Rutgers University’s Executive Cyber Program and is also a guest lecturer at Tel Aviv University, NYU, Hebrew University, and the University of Bologna.