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Measuring and Managing Top Cyber Risks

Measuring and Managing Top Cyber Risks

1h 39mAdvanced2023-04-18

Authors

Kip Boyle

Kip Boyle

Founder and CEO of Cyber Risk Opportunities

Course details

Finding your organization’s top cyber risks isn’t easy, especially because cyber has become a full-fledged business risk—sometimes eclipsing risks to sales, order fulfillment, and accounts receivable. In this course, the second in a two-part series, Kip Boyle explains how to pinpoint these threats and illustrate the business value of your cybersecurity program’s work to senior decision-makers.

Discover how to identify risks in a way that strengthens your cybersecurity culture, mitigate cyber risks while creating lots of business value, and report your progress to executives, auditors, and other stakeholders. To learn more about how to build a program that supports this work, check out the first course in this series, Building and Managing a Cybersecurity Program.

Skills covered

Governance, Risk, and ComplianceCybersecurityOne-Off

Concepts

0. Introduction

  • 01 - Protect against cyberattacks
  • 02 - What you should know
  • 03 - Cybersecurity overview

1. Measure Cyber Risks

  • 04 - Plan to measure cyber risks
  • 05 - Data-driven cyber risk management
  • 06 - Understand the 0 10 scale
  • 07 - Set target scores for each control
  • 08 - Decide where to measure information risk
  • 09 - Create a score key for experts
  • 10 - Prepare to collect scores from experts
  • 11 - Score collection workflow
  • 12 - Collect scores from your systems
  • 13 - Challenge - Discover themes
  • 14 - Solution - Discover themes

2. Understand Cyber Risks

  • 15 - The questions that drive you
  • 16 - Determine resilience
  • 17 - Determine the top five risks
  • 18 - Understand the leadership landscape
  • 19 - Challenge - Evaluate std.dev
  • 20 - Solution - Evaluate std.dev

3. Mitigating Cyber Risks

  • 21 - Generate ideas to manage top risks
  • 22 - Estimate costs
  • 23 - Estimate benefits
  • 24 - Prepare proposals
  • 25 - Challenge - Prioritize implementations
  • 26 - Solution - Prioritize implementations

4. Report Progress

  • 27 - Communicate with executives
  • 28 - Communicate with stakeholders
  • 29 - Communicate with auditors

5. Use a Workflow to Organize Work

  • 30 - Determine measurement frequency
  • 31 - Build on baseline measurements
  • 32 - Construct an annual program of work

Conclusion

  • 33 - Next steps with top cyber risks

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