Blog Post
May 27, 2024
Kovrr is thrilled to announce an exclusive Lunch & Learn session, “Practical Cyber Risk Quantification (CRQ) for Risk Management,” featuring Dr. Jack Freund, a leading voice in information risk measurement and management and Kovrr’s Chief Risk Officer. The session will take place on June 4, 2024, at 12 pm, during the Gartner Security & Risk Management Summit at National Harbor.
Register for the event today to deepen your understanding of effective cyber risk management. Limited spots are available.
As the global cost of cyber events continues to rise annually and chief information security officers (CISOs) are increasingly asked to achieve a state of cyber resilience with limited resources, cyber risk quantification has become an essential tool for developing effective risk management strategies.
Cyber risk quantification (CRQ) equips CISOs and other cyber risk managers with the ability to translate a complex and technical subject into financial implications. Because key stakeholders, such as other C-suite executives and board members, are accustomed to dealing with risk at the monetary level, they can, therefore, easily understand how to incorporate cyber risk mitigation plans into the broader business strategy.
During the session, Dr. Freund will delve into the practical aspects of CRQ, providing attendees with specific approaches they can leverage to ensure cybersecurity is incorporated within high-level discussions, enhancing their organization’s overall risk management practices.
Register for the event today. Limited spots are available.
A few of the more specific topics to be covered include:
The session begins by exploring the fundamentals of cyber risk quantification. Attendees will gain a solid understanding of the basic principles and methodologies that have been used to quantify risk in other business areas and how those same approaches have been applied in the cybersecurity space to help organizations better manage resources.
Dr. Freund will review the evolution of cyber risk quantification from its earliest form in the early 2000s to the current on-demand platforms, such as the one offered by Kovrr. The session will highlight key milestones that have shaped the field, providing valuable context for discerning the practical ways risk practitioners utilize CRQ.
With government entities and other regulatory bodies increasingly passing laws that emphasize the criticality of cyber risk management, demanding that it be elevated to the boardroom level, CRQ has emerged as an invaluable facilitator of compliance. Dr. Freund will discuss this applicability, with a specific focus on the SEC's latest cybersecurity disclosure regulations.
An effective risk management strategy begins with accurate cyber risk identification. The portion of the session will cover how on-demand CRQ models such as Kovrr's identify a company's unique exposure to various cyber events and loss scenarios, leveraging objective data regarding the cyber risk landscape to produce an unbiased assessment.
Dr. Freund will then offer real-world case studies that demonstrate the various ways in which CISOs have harnessed CRQ to optimize cybersecurity programs and gain the necessary budget and buy-in from key stakeholders. Some of the use cases include cyber insurance cost reduction, risk mitigation prioritization, and calculation of ROI for streamlined communication.
Attendees will likewise have the opportunity to discuss specific concerns and questions regarding cyber risk quantification, cyber risk management, or any other aspect of cybersecurity that's relevant to the session. Having access to Dr. Jack Freund's expertise is a highly valuable experience that participants would do well to take advantage of!
Don't miss your chance to discuss all things cybersecurity with Dr. Jack Freund. Register for the session today. Limited spots are available.
Dr. Jack Freund is an expert at using risk quantification to establish and bolster cybersecurity programs. He was awarded a Doctorate in Information Systems, a Master's in Telecom and Project Management, and a BS in CIS, and he is currently a Distinguished Fellow of the ISSA. Freund co-authored Measuring and Managing Information Risk: A FAIR Approach, which was inducted into the Cybersecurity Canon in 2016.
Connect with Dr. Freund on LinkedIn or read his articles at riskdr.com
Gartner Security & Risk Management Summit is a premier event for security and risk management professionals. Held annually, the Summit brings together experts and leaders in a series of sessions, workshops, and networking opportunities focused on how practitioners can navigate the ever-evolving risk landscape. Participants learn about methods for achieving operational resilience, helping to ensure business longevity.
To learn more about the Summit, visit the event website.
The market’s expanding reliance on digital operations virtually demands that cyber risk management be elevated to the highest organizational levels and discussed among cybersecurity progressional and non-technical stakeholders alike. As such, Kovrr invites professionals from all industries and businesses of all sizes to join us for this enlightening session.
Whether you are a seasoned risk manager or relatively new to the field, this Lunch & Learn session with Dr. Jack Freund will enhance your understanding of cyber risk quantification and its practical application in today’s risk environment.
Register for the event today. Limited spots are available. .
Kovrr financially quantifies cyber risk on demand. Our technology enables decision makers to seamlessly drive actionable cyber risk management decisions.
