Leveraging CRQ For Effective Board Level Decision Making

Comparing Cyber Risk to Other Operational Risks

Ask for a demo

By providing my contact information and ticking the box below, I agree to Kovrr's Privacy Policy and consent to communications from kovrr at the contact information provided.

I agree to receive other communications from Kovrr.

Thank you!
Your submission has been received!

Oops! Something went wrong while submitting the form.

Board-Level Cybersecurity Reporting FAQs

Speak to an Expert to Learn More

How does cyber risk quantification help board members make decisions?

Cyber risk quantification translates complex cyber terms into event likelihoods and financial impacts. Board members readily understand these metrics and are, therefore, better equipped to factor them into high-level discussions. For example, knowing the average expected loss due to cyber activities can help board members more accurately calculate risk appetite levels—which is key for resiliency in the wake of an incident.

What does Kovrr’s CRQ platform offer in terms of metric reporting?

While Kovrr's CRQ platform offers numerous cyber risk metrics, some of the ones most often used by CISOs during boardroom presentations include average loss expectancies, both holistically and broken down according to event type. The platform also provides peer benchmarks, giving board members a greater contextual understanding of how the organization's cyber risk posture measures up to competitors. Check out our demo platform to explore all the metrics we offer.

Why do board members need to be informed about cyber risk?

As the cost of cyber events continues to rise and governments worldwide enact legislation mandating cybersecurity matters be raised to the highest organizational levels, it's apparent that cyber risk is a business—making it crucial for board members to understand. With boardroom involvement, businesses will be more responsive in the wake of an event, and cybersecurity prioritization can be embedded within the corporate culture.

Do you provide any additional resources that can facilitate board reporting?

Yes! Kovrr offers a customizable board presentation template that offers the key information CISOs and cyber security risk managers should report to board members and other key stakeholders. Boards are interested in KPIs that are communicated in a broader business language, and our presentation tells you exactly how to achieve this. If you'd like access, reach out to us today.

Industry Recognition