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Assessing Your Cyber Risk Score: Better Risk Assessment and Analysis Using a Cyber Risk Scorecard

The Importance of Cyber Risk Awareness

One thing is certain about cyber risk: that threats are dynamic and continually evolving. The financial, reputational and structural damage wrought by a cyber breach can be devastating. For boards, vigilance is critical.

Today’s cybersecurity landscape is one where challenges are rapidly multiplying and, without the right tools, it can be nearly impossible to keep up.

The correct approach to managing cyber risk requires a better understanding of several factors, including:

  • Digital transformation
  • An increase in remote working
  • Increasing scrutiny from investors, higher expectations from consumers and a growing number of stakeholder considerations
  • A regulatory focus on third-party monitoring
  • The impact of reputational risk and its associated financial ramifications

 

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