The ransomware attack against Colonial Pipeline is one among several critical events that have elevated the importance of governments around the world adopting a risk-based approach to cybersecurity.
The growing pace and sophistication of nation-state attacks, coupled with an expanding attack surface stemming from digital modernization, makes governments’ ability to quantify cyber risks accurately an urgent mission.
Critical infrastructure cybersecurity must adopt a risk-led security strategy backed by a real-time decision and operational support system to ensure it can mitigate future threats.
Color-coding risks or hitting a “maturity score” number are qualitative, subjective approaches to risk that don’t translate to financial terms. They aren’t making organisations more secure or more cost-effective as agencies struggle to prioritise limited budgets and resources.
Risk assessments just for the sake of compliance to directives don’t deliver any value beyond compliance. They lack the cost-benefit analysis needed to focus activities where they would reduce the most dangerous risk.
XRATOR Cyber Risk Quantification generates periodical financially-based risk reporting meaningful to government stakeholders and policy makers.
You will identify your department or agency’s top risks, overall risk exposure, risk trends over time, and run cost-benefit analysis to determine which risk management activities provide the best return on investment.
You will communicate these results and activities in non-technical terms that can be related to budget and mission objectives.