As per GARTNER Hype Cycle™ for Cyber Risk Management, “Senior Risk Management leaders are unable to match business expectations with subjective expertise and are increasingly asked to express cyber risk in monetary terms to enable comparisons with risks across the enterprise”.
GARTNER suggests that “Cyber Risk Quantification can bring outcomes as:
• Justify investments between competing security priorities
• Optimize spend on modernizing infrastructure and legacy applications
• Aid tactical decision making (e.g., prioritize cybersecurity controls, optimize insurance premiums, add risk transfer options, evaluate risk impact)
• Inform valuation of M&As and divestitures”
Download the Hype Cycle™ for Cyber Risk Management report to learn more about Cyber Risk Quantification and other key trends in the Cyber Risk Management domain, including a definition of those technologies, their main drivers and obstacles users are experiencing.
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Gartner, Hype Cycle™ for Cyber Risk Management 2023, 25 July 2023, by Deepti Gopal, Sema Yuce, Michael Kranawetter
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