It is an established principle of risk management that until you know the threats an organisation faces, it is impossible to accurately calculate their risk. Authorities such as the UK’s National Cyber Security Centre (NCSC) confirm that cyber risk assessment and management techniques define risk as a combination of threat, vulnerability and impact.
The traditional approach to cyber risk rating does not use threat as the starting point in risk calculation. Instead focus is placed on an organisations’ vulnerabilities and the possible impacts of a breach meaning that risk is likely to be miscalculated.
This can lead to an accumulation of risks, for example failing to resolve cyber risks in your partner businesses or third parties, neglecting to identify cyber risks when conducting due diligence on critical service providers or mis-calculating risks when selecting a key partner as a source of critical materials or products.
The Solution: a unique and fundamentally different threat-led approach to cyber risk rating, we combine our unique understanding of the threat to any company with a detailed insight into the current vulnerability of that entity to an attack, and by doing so we are accurately calculating the likelihood of the entity being successfully breached.
Because our Cyber Risk Rating results detail our findings and set out clearly how to reduce the identified vulnerabilities, it means you can stop cyber risks before they happen.
