Connect security to business strategy with risk quantification

One of the key challenges for security teams has been describing and managing  security risks in the context of the business. Qualitative security assessments can indicate issues but don’t quantify either the probability of occurrence or the impact of the risk.

IBM Security can help you put security risk in financial terms to help executives make better decisions, connecting security risk management with overall business strategy.

IBM can help you quantify and manage your security risk

Program support for quantification analysis

IBM can help you build risk scenarios, identify data inputs, and articulate threats and assets. With various security assessments, including cloud security, mergers and acquisitions, NIST and third-party risk, we can manage and quantify security risks and gaps those assessments may identify.

Visualization of business-risk profile

Once you assess and quantify your risk, you need to align executives and business strategy on risk-reduction solutions. Using the common language of financial terms helps provide that alignment.  IBM can provide an enterprise risk profile through  deep analysis of assets, risks and controls.

Manage remediation programs

You need to act and implement security solutions to achieve the desired level of risk. IBM can help prioritize specific risks and corresponding controls. We can help you integrate security risk quantification approaches into the enterprise decision making process.

Client cost-benefit analysis

As an example, IBM Security identified security vulnerabilities in a client’s legacy system and advised a system upgrade that included applying encryption to help mitigate the risk. The client was reluctant to invest in a legacy system. IBM Security quantified the projected financial loss of a successful cyber-attack. As a result, the client understood the greater financial impact of its security risk exposure and was better equipped to make an investment decision.

IBM Security risk quantification services and integrated risk solutions

Cloud migration

Help build business case for including cybersecurity upfront by comparing the current value at risk to value at risk after cloud migration, proactively optimizing security spend.

Zero Trust framework

Quantify the cyber risk posture for both asset and vector, includingpeople, policy, technology, product and external.

Mergers and acquisitions security risk assessment

Quantify risk and liabilities identified during due diligence for deal pricing.

Cyber risk assessment

Quantify top risks for probable losses, and incorporate recommended controls.

Third-party security risk assessment

Measure the financial risks associated with reliance on a third party for critical business functions.

Board advisory services

Help advise boards on investment decisions with a quantified, data-driven approach. Unify business leaders with a common language of financial terms.

A model for risk quantification

IBM uses the Factor Analysis of Information Risk (FAIR) model for risk quantification.  It’s an international standard by the OpenGroup, and provides a common methodology for quantifying risk.

This approach addresses the two key components of risk:the probable frequency of an event, and the probable magnitude of the event.

quantification illustration model